Tag Archives: #Family

Episode 177 – Moments That Matter: The Default Caregiver with Steve and Phyllis Gresham

August 14, 2023Advisorpedia, Finance, Industry Innovators, Power Your Advice, Uncategorized#Advisorpedia, #Advocacy, #AllianceforLifetimeIncome, #DougHeikkinen, #Family, #FinancialAdvisors, #NextChapter, #PowerYourAdvice, #Preparedness, #RetirementPlanning, #SteveGreshamJulia Smollen

In this podcast, Steve Gresham, the Managing Principal of NextChapter and the Senior Education Advisor with the Alliance of Lifetime Income, is joined by his mother, Phyllis Gresham, for a special episode on the role as the default caregiver. Steve and Phyllis delve into the intricacies of caregiving, sharing personal anecdotes, financial challenges, and reflections on aging while highlighting the importance of planning for the future.

They also discussed:

The advocacy and caregiver role in long-term care and the challenges that follow, especially for women.
Dealing with care for elderly relatives with cognitive issues.
The importance of planning and communication in caregiving and finances.
The need for advisors to discuss potential constraints and scenarios with clients.
The self-centered focus older individuals tend to have, not interested in others’ experiences.
Addressing devastating diagnoses and the challenges of treatment decisions
Phyllis’s reflections on her own aging process and how she chooses meaningful activities.

Resources:

NextChapter

Alliance for Lifetime Income

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Episode 176 – Moments That Matter: Unexpected Health Events with Steve and Phyllis Gresham

August 14, 2023Advisorpedia, Finance, Industry Innovators, Power Your Advice, Uncategorized#Advisorpedia, #AllianceforLifetimeIncome, #AssistedLiving, #DougHeikkinen, #Family, #FinancialAdvisors, #HealthPlanning, #NextChapter, #PowerYourAdvice, #Preparedness, #SteveGreshamJulia Smollen

In this podcast, Steve Gresham, the Managing Principal of NextChapter and the Senior Education Advisor with the Alliance of Lifetime Income, is joined by his mother, Phyllis Gresham, for a special episode on unexpected medical events. The duo explores the challenges, lessons, and need for preparedness surrounding caregiving, long-term care, and the inevitable health changes that come with age.

They also discussed:

Challenges advisors face when clients experience unexpected medical events.
The effects of chronic health issues gradually impacting daily life.
The transition to a sudden and drastic change in health, leading to a need for external help and medical intervention.
Acknowledgment of complex medical considerations for treatment and care, considering age and cognitive issues.
The need for preparation and decision-making when facing retirement and potential health issues, including the consideration of long-term care facilities.
Advocacy and involvement of family members in ensuring quality care in long-term care facilities.
The lack of awareness and understanding among people regarding their roles in long-term care situations.
Addressing the gender disparity in longevity and how it impacts retirement planning.

Resources:

NextChapter

Alliance for Lifetime Income

Podcast: Play in new window | Download | Embed

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Episode 175 – Moments That Matter: Aging in Place with Steve and Phyllis Gresham

August 11, 2023Advisorpedia, Finance, Industry Innovators, Power Your Advice, Uncategorized#Advisorpedia, #AllianceforLifetimeIncome, #DougHeikkinen, #Family, #FinancialAdvisors, #NextChapter, #PowerYourAdvice, #Preparedness, #RetirementPlanning, #SteveGreshamJulia Smollen

In this podcast, Steve Gresham, the Managing Principal of NextChapter and the Senior Education Advisor with the Alliance of Lifetime Income, is joined by his mother, Phyllis Gresham, for a special episode on aging in place. The two discuss the importance of planning ahead for the vulnerable later years of one’s life; highlighting necessary arrangements for home maintenance and health maintenance to secure a stable future.

They also discussed:

Impact of unexpected events, such as natural disasters like hurricanes, on the feasibility of aging in place.
The consideration of other living options, such as a continuous care retirement facility, and the significance of making such decisions early.
Exploration of the concept of retirement stages, including the “gogo” phase characterized by active pursuits and the challenges that come with shifting physical and mental abilities.
Importance of having a support system and family discussions when planning for aging and considering the transitions.
Advisor’s role in initiating conversations about safety, preparedness, and realistic expectations for retirement.
Highlighting the need for individuals to address potential risks in their homes, such as falls, and the implementation of safety measures.
Encouragement for advisors to ask probing questions about clients’ plans and preparations for aging in place, facilitating a gradual and easier transition.