Caretaker's Corner

A place where caretaker's can discuss topics concerning caring for elderly parents, disabled spouses and special needs adult children.

[Caretaker's Corner @CJYoung1973]

Navigating long-term care? Bucket 1 starts with what you own. Understanding private pay options and home equity helps you build a solid foundation while protecting your family's future. You don't have to figure it out alone.
#CaregiverSupport #LongTermCare #FinancialPlanning

[Caretaker's Corner @CJYoung1973]

This video goes into more detail about accessing private pay and home equity to help pay for long-term care for your loved one.

https://t.co/mREVpJEvqN

[Caretaker's Corner @CJYoung1973]

If your loved one is a wartime veteran or surviving spouse, don’t overlook the VA Aid & Attendance pension benefit.
This tax-free monthly payment helps cover in-home aides, adult day care, or assisted living costs.

[Caretaker's Corner @CJYoung1973]

Medicaid covers the vast majority of nursing home care and many in-home services, but qualifying requires meeting strict asset limits (often around $2,000 for an individual). The biggest mistake families make? Giving away money or deeding property right before applying.

[Caretaker's Corner @CJYoung1973]

Long-term care insurance has evolved dramatically. Today, you primarily have two choices:
Traditional LTC or Hybrid (Asset-Based) Policies

[Caretaker's Corner @CJYoung1973]

When family income isn’t enough to cover care costs, real estate is usually the largest financial asset available.
Three common ways families unlock home equity for long-term care:
Downsizing/Selling
Reverse Mortgage (HECM)
HELOC

[Caretaker's Corner @CJYoung1973]

The Medicare Custodial Care Myth
The single biggest misconception in family caregiving is believing Medicare pays for ongoing long-term care.
Medicare covers medical treatments, hospital stays, and short-term skilled rehab (up to 100 days).

[Caretaker's Corner @CJYoung1973]

This video covers a brief overview of the most popular ways of paying for longterm care as we continue out path in planning for longterm care.

https://t.co/vBWcE4o2uj

[Caretaker's Corner @CJYoung1973]

Nursing Home Realities
Long-term care facilities handle critical 24/7 care, but median costs reach $550+/day. Break the stigma and start financial planning for skilled care early! #LongTermCare #CaregiverCommunity

[Caretaker's Corner @CJYoung1973]

Assisted Living Perks
Assisted living averages $5,830+/mo. While expensive, built-in value like meals, transportation, and round-the-clock staff can offset separate living costs. #AssistedLiving #SeniorCare

[Caretaker's Corner @CJYoung1973]

Aging in Place Costs
Staying at home requires help! In-home care runs ~$34/hr, plus upkeep like yard work ($120/visit) & cleaning ($15–$20/hr). Community adult daycare can help lower costs. #AgingInPlace #SeniorLiving

[Caretaker's Corner @CJYoung1973]

Caregiving & Lost Income
Did you know many caregivers lose income due to missed work or part-time shifts? Always account for potential lost wages, PTO limits, and FMLA when planning home care. #CaregiverLife #FinancialPlanning

[Caretaker's Corner @CJYoung1973]

The Hidden Costs of Home Care
Caring for a loved one in your home? Don't forget hidden expenses: grab bars, hoyer lifts, and ramp upgrades add up fast. Factor home accessibility into your budget early. #Caregiving #HomeCare

[Caretaker's Corner @CJYoung1973]

Where Will Care Take Place?
Planning for long-term care? The first major decision isn’t just how to pay, but where care happens. Each location changes your financial strategy completely. #CaregiverSupport #SeniorCare

[Caretaker's Corner @CJYoung1973]

Reference from today's video:

https://t.co/eGcgEmfSXa

[Caretaker's Corner @CJYoung1973]

In this video I do a quick over view about a few of the costs associated with longterm care.
https://t.co/fFthq20zDU

[Caretaker's Corner @CJYoung1973]

Anger! Guilt! Disappointment! These are just a few of the emotions caretakers go through when having to move loved ones into longterm care. This is the second video in a series discussing planning for longterm care.

https://t.co/SIP5Do0yzF

[MarketWatch @MarketWatch]

Can AI-powered ETFs beat the stock market? https://t.co/m9tEfpdK3B

[Caretaker's Corner @CJYoung1973]

https://t.co/SbkWWWhezk

[DiscussingFilm @DiscussingFilm]

Bryce Dallas Howard has shared a video of the late Sam Neill singing “Blackbird” with Jeff Goldblum and Laura Dern.

“Sam had an immense passion for life. Generous with his wine, his stories, his time. One of the most unassumingly attractive and magnetic people I've ever met.”