Bob Michaels is extremely passionate about providing the best possible legal experience for his clients, and focuses his practice on elder law, estate planning, business, and real estate matters. Bob has been able to provide piece of mind and a solid foundation to many folks in the Puget Sound area over the years and wants to provide resources and relevant information whenever he can. For more information on how Bob can help and your loved ones through these troubling times, contact Bob to schedule a FREE consultation.
Sian-Pierre Regis, 35, is used to living with roommates. For the past 10 years he has split the rent on his apartment with two to three friends. But in June, he’s getting a co-tenant of a different sort: his 78-year-old mother, Rebecca. A situation neither of them ever expected would happen.
Rebecca has been able to live off her slim retirement savings and part-time work, but when the coronavirus pandemic hit, she found herself out of work, and at the end of May the lease on her subsidized housing expired making it impossible for her to pay her rent.
Mr. Regis is one of the growing number of millennials who are supporting their parents financially and, in some cases, giving them a place to live.
The current pandemic is causing many Americans to seriously contemplate their finances and retirement plans more closely. Those approaching retirement are wondering if this is still a good time to retire, what this will mean for their future, and if it will greatly impact their retirement investments.
They are also worried about their estate plan, and if the retirement savings they have in place will still be enough.
It’s not a bad idea to take this time to contemplate all of these things, and Bob Michaels is here to help. Bob is working with clients every day as they navigate these challenging times, and we highly recommend you reach out. Having a strong estate plan in place will help you know that your retirement will be protected, regardless of what life brings. Bob is available for free consultations by phone, virtually, or in person.
Securing Your Investments
While most of the country is focusing on staying healthy and safe during the current pandemic, it’s hard to escape the real economic impact all of this has taken. The general age group most susceptible to the health dangers of COVID-19, people 60 years old and older, includes many Americans who are nearing retirement. The recent stock market volatility has, in many cases, significantly impacted their portfolios. Many are concerned that their retirement savings will no longer be enough and what that might mean.
Bob Michaels is extremely passionate about providing the best possible legal experience for his clients, and focuses his practice on elder law, estate planning, business, and real estate matters. Bob has been able to provide piece of mind and a solid foundation to many folks in the Puget Sound area over the years and wants to provide resources and relevant information whenever he can. For more information on how Bob can help you and your loved ones through these troubling times, contact Bob to schedule a FREE consultation.
The current public health crisis is causing financial distress for many as they struggle with a sudden reduction in income, in addition to uncertainty about how long this situation will last. Even during this uncertain time, financial obligations continue. Therefore, it is of the utmost importance to prioritize your expenses. Here are some important expenses to consider:
What Will Life Be Like for Seniors After COVID-19? Questions Worth Considering in These Changing Times
At Tacoma Elder Care we are always looking for ways to educate and assist the aging population here in the Pacific Northwest, and beyond. Tacoma Elder Care was created by Bob Michaels, an elder care attorney in Tacoma who goes above and beyond the basic legal needs of his constituents. Bob holds regular Workshops and discussions with many local organizations (and individuals) focused on improving and providing assistance to the elder population. As times adapt and change to what we are now all calling, “the new normal,” Bob wants you to know he is available for free consultations regardless of your age or situation.
For now, and the foreseeable future, things have changed dramatically for those over 65. Considering older people are typically, ‘less healthy than others,’ COVID-19 has hit the elderly at a significantly higher rate than younger people. Those who are hospitalized are isolated, even if they’re not ill, and many are struggling to make meaningful contact with loved ones using technology they are unfamiliar with. Additionally, the pandemic is underscoring chronic problems in our healthcare, hospitals, and nursing home facilities.
Which begs the question, what will it be like to be an older person in the future?
Here at Tacoma Elder Care our number one priority is to help you prepare for the kind of retirement you’ve always dreamed of having. We encourage you to take this time to make sure you have all your important documents and a solid estate plan in place. Bob Michaels is available for phone or email consultations and has a system in place to manage all your necessary documents.
We are available by phone, email, or via online conferencing on platforms such as Skype or Zoom. Contact us HERE.
The stock market over recent weeks has taken the whole country on a wild roller coaster ride, and with all the turmoil it’s hard to know what the average investor should do. With that in mind, as part of our series on helping you deal with the impact of the coronavirus, we’d like to bring your attention to a recent article from Forbes in which contributing reporter Juan Carlos Medina introduces the idea of what he calls “a pandemic financial survival kit.”
Aging in community is not new. At the turn of the twentieth century, an older person could expect to live and die in their own home and community, with family, friends, and neighbors providing support as needed. Of course, few people lived into old age. The average life expectancy in 1900 was only forty-nine years old. Only 4 percent of the country, three million Americans, lived to ages 65 and older.
New communitarian approaches that emphasize friends and neighbors supporting each other as they age: