Providing support and resources to help care for aging parents or children with special needs
According to a 2020 study, 41.8 million Americans provided unpaid care to an adult over the age of 50. That’s nearly 17% of the U.S. adult population*. And according to the Women’s Institute for a Secure Retirement and the National Center for Women’s Retirement Research, the average woman spends 15% of her working years outside of the workforce caring for children and elderly parents compared to the average man’s 1.6%. So especially for women–caregiving, and its’ financial and emotional demands, can deplete self-confidence, peace of mind, but also the money that is needed to be put to work compounding and building wealth for retirement.
How can you be better prepared?At Northwest Cedar Financial, we can help you:
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Find care options for a loved one, including independent, assisted living, and at home resources
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Manage the process of downsizing the home
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Provide caretaker resources