Women's Money Wisdom

Episode 118: House Decisions For Aging Parents with Caroline Gaynor


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Dealing with the challenges of safe and appropriate housing for aging parents with a diminished capacity can be extraordinarily challenging. Our guest today is Caroline Gaynor, an investment professional at Avantis. Caroline has personally experienced the need to help her mom change her home, first to Caroline’s house and then to an assisted living facility.

Caroline shares her personal story of how, as she prepared to have her first child, she needed to move her mom into her house. And how she made decisions along the way for both her mom and her financial life. In the end, a financial advisor helped to navigate the complexity of what was right.

Listen in to hear Caroline’s vulnerability and the obstacles she met along the way. How hers and her mom’s quality of life has improved with the ultimate decision for her mom to move into a care facility. Learn how instrumental the family financial advisor was in deciding what was appropriate. And find the silver linings that Caroline feels were blessings in the years that her mom lived with her family.

Resources:

  • Caroline Gaynor’s professional profile
  • Follow @carolinebikes on Twitter here
  • A recent podcast on organizing your house to prepare to downside with Kristie Kindstrom
  • The Michigan Area Agency on Aging in Oakland County and for the state of Michigan
  • Download our checklist – What Issues Should I Consider for My Aging Parents? 

Links are being provided for information purposes only. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Pearl Planning cannot guarantee that the information herein is accurate, complete, or timely. Pearl Planning makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax position tak

The previous presentation by PEARL PLANNING was intended for general information purposes only. No portion of the presentation serves as the receipt of, or as a substitute for, personalized investment advice from PEARL PLANNING or any other investment professional of your choosing. Different types of investments involve varying degrees of risk, and it should not be assumed that future performance of any specific investment or investment strategy, or any non-investment related or planning services, discussion or content, will be profitable, be suitable for your portfolio or individual situation, or prove successful. Neither PEARL PLANNING’s investment adviser registration status, nor any amount of prior experience or success, should be construed that a certain level of results or satisfaction will be achieved if PEARL PLANNING is engaged, or continues to be engaged, to provide investment advisory services. PEARL PLANNING is neither a law firm nor accounting firm, and no portion of its services should be construed as legal or accounting advice. No portion of the video content should be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if PEARL PLANNING is engaged, or continues to be engaged, to provide investment advisory services. A copy of PEARL PLANNING’s current written disclosure Brochure discussing our advisory services and fees is available upon request or at https:...

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Women's Money WisdomBy Melissa Joy, CFP®

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