Take Back Retirement

89: Navigating the Emotional and Practical Realms of Eldercare Management with Nancy May


Listen Later

"Dad, you trusted me with everything. I'm trusting you with the truth.” -Nancy May

 

Our hosts Stephanie McCullough and Kevin Gaines sit down with Nancy May, who drops some real truth bombs relating to eldercare and supporting aging parents and relatives. Nancy’s personal journey sheds light on the complexities and sacrifices involved in this critical role. This candid discussion unpacks the essentials, from establishing a durable power of attorney to assembling a dependable team of legal and financial advisors.

 

When the care of loved ones falls into your hands, knowing how to navigate family dynamics and the challenges of coordinating care is crucial. This episode peels back the layers of emotion and responsibility that come with making critical decisions, whether it's choosing the right elder care facility or handling the financial burdens that come with it.

 

The conversation turns to practical strategies for caregiver training, maintaining a cohesive care team, and ensuring the highest quality of life for our aging parents. Nancy's resources, such as her book "How to Survive 911 Medical Emergencies," and her podcast, Eldercare Success, provide listeners with actionable advice and the essential conversations to have now for a better-prepared future. Listen in for a deeper understanding of the eldercare landscape, and the tools to confidently step into the role of caregiver.

 

 

Key Topics:

  • Welcome, Eldercare Expert, Nancy May (02:33)
  • Financial and Emotional Impacts on Caregivers of Aging Parents (04:04)
  • Caregiving Responsibilities and Decision-making for Aging Parents (07:50)
  • End-of-life and Estate Planning (13:21)
  • Aging Care Facilities, What to Know (23:42)
  • The Importance of Understanding Contracts and Quality of Care (28:45)
  • Finding and Managing Trusted Caregivers for Elderly Parents (38:27)
  • Stephanie and Kevin’s Wrap-up and Takeaways (49:42)

 

 

Resources:

  • HowToSurvive911.com
  • How to Survive 911 Medical Emergencies (book)
  • Eldercare Success Podcast

 

 

If you like what you’ve been hearing, we invite you to subscribe on your favorite platform and leave us a review. Tell us what you love about this episode! Or better yet, tell us what you want to hear more of in the future. [email protected]

 

You can find the transcript and more information about this episode at www.takebackretirement.com.

 

Follow Stephanie on Twitter, Facebook, YouTube and LinkedIn

Follow Kevin on Twitter, Facebook, YouTube and LinkedIn.

...more
View all episodesView all episodes
Download on the App Store

Take Back RetirementBy Stephanie McCullough & Kevin Gaines

  • 4.9
  • 4.9
  • 4.9
  • 4.9
  • 4.9

4.9

18 ratings


More shows like Take Back Retirement

View all
The Stacking Benjamins Show by StackingBenjamins.com | Cumulus Podcast Network

The Stacking Benjamins Show

1,976 Listeners

The Retirement and IRA Show by Jim Saulnier, CFP® & Chris Stein, CFP®

The Retirement and IRA Show

735 Listeners

Retirement Answer Man by Roger Whitney, CFP®, CIMA®, RMA, CPWA®

Retirement Answer Man

1,287 Listeners

Retirement Starts Today by Benjamin Brandt CFP®, RICP®

Retirement Starts Today

505 Listeners

HerMoney with Jean Chatzky by Jean Chatzky Her Money

HerMoney with Jean Chatzky

1,441 Listeners

The Genius Life by Max Lugavere

The Genius Life

4,813 Listeners

Suze Orman's Women & Money (And Everyone Smart Enough To Listen) by Suze Orman Media

Suze Orman's Women & Money (And Everyone Smart Enough To Listen)

360 Listeners

Ready For Retirement by James Conole, CFP®

Ready For Retirement

788 Listeners

Personal Finance for Long-Term Investors - The Best Interest by Jesse Cramer

Personal Finance for Long-Term Investors - The Best Interest

113 Listeners

MoneyWatch with Jill Schlesinger by CBS News

MoneyWatch with Jill Schlesinger

404 Listeners

Money For Couples with Ramit Sethi by Ramit Sethi

Money For Couples with Ramit Sethi

3,351 Listeners

Retirement Planning Education, with Andy Panko by Andy Panko

Retirement Planning Education, with Andy Panko

726 Listeners

Retire With Style by Wade Pfau & Alex Murguia

Retire With Style

163 Listeners

The Mel Robbins Podcast by Mel Robbins

The Mel Robbins Podcast

20,416 Listeners

Wiser Than Me with Julia Louis-Dreyfus by Lemonada Media

Wiser Than Me with Julia Louis-Dreyfus

10,445 Listeners