August 21 - National Senior Citizens Day
Some people celebrate Senior Citizens Day on August 14 since that was the day President Franklin Roosevelt signed the Social Security Act into law in 1935. However, in 1988 President Ronald Reagan, declared August 21 to be National Senior Citizens Day.
This observance was established in honor of Senior Citizens in the US who made positive contributions in their communities. The day was also created to increase awareness of social, health, and economic issues that affect Senior Citizens and their families.
There are many seniors who volunteer their time and contribute to their communities everyday who do not get the recognition they deserve. If you happen to know one of these happy souls, be sure to say “Thank You” for their contribution.
There are also many seniors who are in critical need of assistance and care. I have conversations every day, both personally and professionally, about how one goes about taking care of the seniors we know and love. Often, the level of assistance needed and complexity of coordinating services seems very overwhelming, however these issues need to be addressed and resolved in a respectful, responsible and timely manner. There are many companies that specialize in providing various levels of care for both the family as well as the seniors; for example, Aging Wisely, LLC is an amazing company that I have worked with that continues to impress me in their level of professionalism, integrity and genuine care. On this Senior Citizens day, if you are or know of someone who is struggling to help the seniors in their lives, connect them with the help they need through the myriad of providers out there.
Let's also make sure to take a minute and say thank you to our seniors and those professionals who take care of them. Happy Senior Citizens Day!
Jennifer L Shulman
More Americans are living longer. What happens when an aging parent can no longer care for themselves? Oftentimes, if arrangements have not already been made, their children step in and take responsibility for them. Here are some interesting facts from AARP:
Attorney: It is important to remember if you are going to begin to take on the responsibility be sure you consult with an attorney to establish decision making authority so you are able to make the care decisions.
Certified Financial Planner: You should also consider consulting with a certified financial planner to establish a good working picture of your parents financial status and available funds for payment of care.
Daily Money Manager: Another professional to consider is a Daily Money Manager. They can take care of your parent's day-to-day financial concerns are provide a report of bills paid, financial events (keep track of important papers and renewals vital of insurance policies) as well as provide a second set of eyes on bank accounts to catch unnecessary fees and prevent identity theft.
Every family is different and the needs for caring for an aging parent are ever changing.
The key is to be proactive and be knowledgeable about your options.
Page Maintained by: Jennifer Shulman
Jennifer is committed to helping her clients as well as other folks improve their daily financial circumstances by providing simple financial solutions.