Articles tagged with: Finance

Tips for Helping a Senior Manage Their Finances

Posted by: The Bristal

Adult children are often surprised to discover an aging parent is struggling to manage their finances. Even those seniors who are active and independent sometimes need a little extra help keeping their financial house in order.

Recognizing the Signs a Senior Needs Help Managing Their Finances

If you aren’t sure how well an older loved one is managing their finances, there are a few telltale signs you can look for when you visit them next. The most common ones include:

1. Unopened bills on the counter

2. Calls from creditors about unpaid accounts

3. Some bills being paid twice … read more

Posted in: Caregiving & Family
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Protect Yourself from Identity Theft

Posted by: The Bristal

Identity theft affects approximately 9 million Americans each year.

It can affect your finances, credit history, and even your reputation. Senior citizens are particularly vulnerable to identity theft because predators might assume they have a nest egg, they don’t review their credit reports regularly, are very trusting, and are not computer/internet savvy.

The Federal Trade Commission recommends the following actions be taken to protect yourself:

Read your credit report. You are entitled to a free credit report every year from each of the three nationwide credit-reporting companies. Order all three reports at once, or order one report every four months. To order, … read more

Posted in: Senior Care
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Monthly Rent At The Bristal

Posted by: The Bristal

Dear Maryellen,

Who determines the monthly rent at the Bristal? —Bob

Dear Bob,

There are several factors figured in when we determine the rate at our communities. Location is one that weighs heavily because of taxes. As well as what the expenses will be to run our community. We also do competitive analysis of other Assisted Living communities in the area and base our rates on the quality and service The Bristal communities provide. I always say there are many choices out there as well as many rates. I compare it to how you choose your vacation hotel. You can stay at … read more

Posted in: Dear Maryellen, Lifestyle Blog, Senior Care
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Is Assisted Living Expensive?

Posted by: The Bristal

Dear Maryellen,

Is Assisted Living as expensive as we hear? -Michelle, Manhattan, NY

Dear Michelle,

It’s definitely time to set the record straight, and I’m glad you have given me a chance to do so. Yes, there is a perception out there that Assisted Living is expensive, perhaps even prohibitively so. Yet, in actuality, it’s more affordable than many people think. Of course, every family’s situation is unique, but so are Assisted Living arrangements. They come in all tastes, shapes and sizes.

Options like apartment size, additional services and level of required care can all impact the cost to a family. And, … read more

Posted in: Dear Maryellen, Lifestyle Blog, Senior Care
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Staying Active at Assisted Living

Posted by: The Bristal

Dear Maryellen,

With mom 86, and dad recently gone, is Assisted Living a good choice to help mom stay active? -Diana, Manhattan, NY

Dear Diana,

The first thing you’ll want to do is to give your mother the time she needs to fully and sufficiently grieve. Your family shouldn’t make any major decisions during this critical period. And even after that vital time has passed, it’s difficult to suggest with certainty what might be best for her, because there are no cookie-cutter solutions.

However, that said, I can tell you why I personally prefer the Assisted Living approach. Assisted Living allows your … read more

Posted in: Dear Maryellen, Lifestyle Blog, Senior Care
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