Maximize Senior Care Investment – Empower Parent’s Finances

23 June 2023

As the great waves of baby boomers enter their golden years, the burden of managing their care often falls on their children. This care often comes with heavy financial costs. However, there are senior care investment tips to make your parent’s money work for them, easing the burden and providing them with the care they need and deserve.

Why Is It Important?

Senior Care Investment

There is a famous saying that goes, “It’s not about how much money you make, but how much you keep, how hard it works for you, and how many generations you keep it for.” As our parents age, their need for healthcare and support services increases, but what if their hard-earned assets could be put to work, providing financial security while ensuring their wellbeing? This is where the importance of savvy investing, strategic planning, and proper understanding of financial resources comes in.

What Are We Talking About?

We are discussing ways of transforming your parents’ assets into a hardworking portfolio that can help to supplement their health and living expenses as they age. From retirement savings accounts, proceeds from the sale of real estate, and possibly reverse mortgages.  We are discussing supplemental cash flow in addition to their Social Security, Pensions, long-term care insurance and potential State and Federal benefits.  There are many possible solutions for this stage of life.

How Can We Do This?

Here are the steps that you can follow:

  1. Assess the Situation: Understand your parents’ current financial status, including their assets, liabilities, income, and expenses as well as projected care costs.
  2. Identify the Goals: Define what they wish to achieve, such as maintaining a comfortable lifestyle, covering future medical expenses, or leaving a legacy for the next generation.
  3. Create a Financial Plan: With the help of a professional, draft a financial plan that addresses your parents’ needs and goals.
  4. Understand the government programs that exist and when and where those programs might benefit their financial plan.
  5. Implement the Plan: Carry out the steps outlined in the plan, whether it involves estate planning options, creating an investment portfolio, buying insurance, setting up a reverse mortgage.
  6. Review Regularly: Regularly revisit the plan to make sure it is still aligned with your parents’ needs and market conditions.

Your Roadmap

By following these steps, you can create a roadmap for your parents’ financial future, ensuring they get the care they need without unnecessary financial stress. It’s crucial to involve them in this process, so they feel empowered and secure in their financial future.

Conclusion: Make Your Move Now

Aging Parents talking about their senior care investment

The responsibility of looking after our parents in their golden years can be overwhelming, but it doesn’t have to be. By taking the reins and creating a financial plan for their future, you can ensure their comfort and security.

Remember, you’re not alone on this journey. Your profit is our priority, and your peace of mind is our purpose.

This journey may be challenging, but remember, the best view comes after the hardest climb. It’s time to unleash the investing power for senior care. Let’s make your parent’s money work for them.

Please reach out to Senior Home Partners and Aaron Steele to help you plan for the golden years of your loved ones. Let’s embark on this journey together.

Aaron Steele, a 30-year veteran of the financial services industryA proven leader, Steele’s success comes from his deep commitment to his clients, offering full-service, fee-based solutions that prioritize wealth management, retirement planning, and asset protection. As a dedicated advocate for the senior community, Steele also specializes in long-term care pre-planning, crisis planning, Veterans and Medicaid strategic planning, and more. His singular goal? To ensure your financial freedom, and the well-being of your loved ones, through strategic and conscientious financial planning.


Steele Capital Management. All right reserved 2017. Investment advisory services are offered through BWM Advisory, LLC (www.BWM.Investments). Independent producer of insurance offered through Insurance Marketing Organizations and Insurance FMOs ( BWM Advisory, LLC (BWM) is registered as an Investment Adviser and only conducts business in states where it is properly licensed, noticed filed, or is excluded from notice filing requirements. Registration is not an endorsement of the firm by securities regulators and does not mean the adviser has achieved a specific level of skill or ability. Different types of investment involve higher and lower levels of risk. There is no guarantee that a specific investment or strategy will be suitable or profitable for an investor’s portfolio. There are no assurances that a portfolio will match or exceed any particular benchmark. Any comments regarding guaranteed income streams or similar refer only to fixed insurance and annuity products. Fixed insurance and annuity product guarantees are subject to the claims-paying ability of the issuing company and are not offered by BWM.

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