<img height="1" width="1" style="display:none;" alt="" src="https://dc.ads.linkedin.com/collect/?pid=319290&amp;fmt=gif">
Find An Advisor Subscribe to Blog

SUBSCRIBE FOR UPDATES

Cameron Huddleston, Carefull Family Finance Expert


Recent posts by Cameron Huddleston, Carefull Family Finance Expert

4 min read

Why You Need a Trusted Contact to Protect Your Finances

By Cameron Huddleston, Carefull Family Finance Expert on 11/18/22 10:00 AM

Think back to the last time you went to a doctor’s office or medical facility. You likely were asked to name an emergency contact, and you probably didn’t hesitate to write down the name of your significant other, a family member, or a friend. 

It makes sense to have someone medical personnel can get in touch with if something happens to you. After all, this can ensure your well-being. 

But what about your financial well-being? If your financial institutions and advisors asked you to name a trusted contact, would you be willing to provide the name of someone they could reach out to if they were concerned about activity in your account and couldn’t reach you?

Topics: Financial Planning Planning in Advance Lifestyle Planning
8 min read

Financial Risks That Make It Difficult to Age in Place

By Cameron Huddleston, Carefull Family Finance Expert on 11/7/22 10:00 AM

An overwhelming majority of older adults want to remain in their homes as they age. A survey by AARP found that 77% of adults 50 and older want to age in place. Other surveys have found that the percentage is even higher—nearly 90%.

It’s one thing to want to age in place. It’s another thing altogether to actually be able to make it work. That’s because there are several financial factors that can jeopardize adults’ ability to remain in their homes as long as possible. In fact, without adequate financial security and safeguards, living independently at home isn’t possible.

It’s important to understand the financial risks that can make it difficult to age in place and to take steps to reduce those risks.

Topics: Planning in Advance Lifestyle Planning Financial Wellness Financial Literacy Financial Security
6 min read

6 Financial Tasks Retirees Should Tackle Now to Stay Independent and in Control

By Cameron Huddleston, Carefull Family Finance Expert on 10/28/22 10:00 AM

One of the key needs that people have is to be autonomous. In other words, it’s human nature to want to feel independent and in control. 

For those near or in retirement, financial independence is especially important. You need to have the resources to live comfortably and securely without a regular paycheck. You also need to protect those resources. 

That requires putting systems and safeguards in place. To remain financially independent and in control, tackle these tasks sooner rather than later.

Topics: Retirement Planning Planning in Advance Retirement Financial Wellness Financial Literacy
6 min read

How Your Risk of Financial Exploitation Increases as You Age

By Cameron Huddleston, Carefull Family Finance Expert on 3/29/22 10:00 AM

You know that you can expect to be at an increased risk of health issues as you age. However, what you might not realize is that aging puts you at a greater risk of another issue: financial exploitation. 

In fact, the rate at which adults over the age of 60 can expect to experience financial exploitation—1 in 20—is higher than the incidence of many age-related diseases, according to research published in The Journals of Gerontology. And that’s likely an underestimate of the problem because, according to the report, “many older adults are unaware or unwilling to report exploitation.” 

Topics: Long-Term Care Limited Care Limited & Extended Care Planning Center Potential Partners for Advisors Insurance
10 min read

What to Know About Long-Term Care Insurance

By Cameron Huddleston, Carefull Family Finance Expert on 2/3/22 12:11 PM

If you developed a disability or chronic condition that required long-term care, how would you pay for that care? Would you expect health insurance or Medicare to pay for it? 

Unfortunately, you can’t count on either of those options to pay for ongoing care that you might need. Medicaid might cover the cost of long-term care services if you have very limited income or assets. Otherwise, if you need professional care at home, in an assisted living facility, or in a nursing home, you’ll have to pay for it. 

Topics: Long-Term Care Planning in Advance Seniors

SUBSCRIBE FOR UPDATES