www.extension.iastate.edu

Fees for service will be used to off-set direct expenses and to

support the Human Sciences County Extension Program.

Iowa State University Extension and Outreach programs are

available to all without regard to race, color, age, religion, national

origin, sexual orientation, gender identity, genetic information, sex,

marital status, disability, or status as a U.S. veteran. Inquiries can

be directed to the Director of Equal Opportunity and Compliance,

3280 Beardshear Hall, (515) 294-7612.

FINANCES OF CAREGIVING

Protecting Your Retirement and Other Financial Information

for Family Caregivers

Tuesdays Sept 12—Oct 10 6:30-8:00 p.m.

Story County Extension 220 H Avenue, Nevada

Fee: $35/person or family

Pre-register by Sept 8

Being a family caregiver comes with many responsibilities. Serving as a caregiver may stir up feelings of guilt as families struggle with what is best for the person in need and how it affects the rest of the family.

One area that may not receive careful consideration is planning for a caregiver’s retirement if he or she reduces or gives up employment to help out another family member.

Workshop Series Led by:

Barb Wollan Human Sciences Specialist, Family Finance

Questions?

Contact Story Co Extension

515-382-6551

Series Outline

Session 1 Understanding Your Starting Point Gathering Key Information Session 2 Why It’s Essential to Plan Wills, Living Wills Durable Power of Attorney

for Health Care for Financial Matters

Session 3 Caregivers: Don’t Forget to Plan for YOUR Retirement Retirement Plans - Ways to Continue

Tax-Deferred Savings While Caregiving Session 4 Paying for Care Long-Term Care Insurance Veterans Benefits, Medicare, Medigap,

and Medicaid Session 5 Effective Communication Taking Time and Planning Ahead

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Understanding your choices means knowing your current situation. This program guides you through finding and collecting that information. It will take time, but it will be time well spent.

Don’t wait until there is a crisis to plan for long-term care.

Plan ahead while the care receiver still has the capacity to sign legal documents.

Involve all members of the family so that the care receiver’s wishes are clearly understood.

As the baby boomers age, the proportion of family caregivers to professional caregivers will increase.

What funds will be available to pay for care. Many people have an unrealistic idea of the cost of care and how Medicaid works.

Develop contingency plans depending on the progression of care needs and also for respite care.

If it is necessary for the caregiver to leave work or reduce hours, plans need to be in place to protect the caregiver’s retirement.