Cheryl Sherrard was recently quoted in a Consumer Reports article written by Mary Hickey entitled, “How to Help your Elderly Parents with their Finances”. Her contributions focused on money management assistance and emphasized a cooperative approach to helping elderly parents with their financial tasks, allowing them to stay involved for as long as feasible. Cheryl helps families navigate later life issues through her ongoing financial planning work with senior clients and their families.
We all know the significance of April 15th each year, but do you know why April 16th is also important for you and your family? April 16th is National Healthcare Decisions Day. The goal of this “National” day is to inspire, educate and empower the public about the importance of advance care planning. Advance care planning involves taking the time to carefully consider and document your preferences around end-of life care. It also includes the act of legally designating and empowering an agent to make healthcare decisions on your behalf if you were to become unable to do so for yourself. Although these can be uncomfortable topics to consider, approaching these conversations proactively will allow you to stay in better control of the future, whether you are able to personally voice your preferences, or are reliant on someone else. The primary benefits of advance care planning include; Careful consideration of your wants and desires at end-of-life Documentation of those desires, including life-sustaining measures to be avoided or applied Requests for specific comfort measures , surroundings or companions as death approaches Read on! →
Cheryl Sherrard, CFP will be speaking at the “Seasoned to Perfection” lunch group at Matthews United Methodist Church on February 2, 2016. She will be speaking to the group about “Conversations on Aging” and the 5 essential conversations for families. To have Cheryl as a speaker for your event, click here to contact us with the details.
A recent article in the Wall Street Journal entitled End-of-Life Talk Proposed as New Medicare Benefit highlighted an issue encountered as patients approach the very end of their lives. While there may be doctors who are willing to discuss end of life plans with their patients, they are not currently being reimbursed by Medicare for the time they spend in these important discussions. Does this result in doctors opting out of these conversations altogether, or they are waiting until it is essentially too late to talk about it? A Frontline special a few months ago highlighted the fact that many doctors continue to pursue medical options to the very end of a patient’s life, even when there is no hope and when continued treatment creates additional physical trauma for patients and their families. Obviously doctors have the ultimate goal of healing their patients, but when the end is inevitable, lack of training has been cited as one of the reasons many medical doctors never have end-of-life discussions with their patients. While we may not be able to control whether or not Read on! →
Most of us understand we need to give careful consideration to planning, saving and preparing for the future. This typically includes planning for the purchase of our first house, saving for the education of our children, mapping out our careers, our retirement, and even our eventual death. However, I’ve seen too many consumers get to retirement, breathe a sigh of relief and then put their lives on auto-pilot, thinking they’ve handled all the big decisions. The reality is that many times the decisions which will be faced in the years between retirement and death can be some of the most overwhelming, impactful and costly decisions of our lives. When these things are left to chance, or are assumed it won’t happen to us, we effectively take ourselves out of the driver’s seat and hand over the controls to someone else. If you’ve spent the first 50 or 60 years of your life trying to plan and prepare for what’s ahead, why would you leave the rest of your life to chance? When you first had children, you likely began saving Read on! →