Staying Motivated on Your Fitness Journey

Ask the Experts_ Retirement Q&A

The story under is from our 2023 version of Retire-VA. View the remainder of the difficulty totally free right here! With retirement comes many questions. Fortunately, our specialists are prepared that can assist you together with your journey. × Broaden I’ve began my end-of-life planning. What ought to I do with my property jewellery? Deciding what to do together with your property jewellery depends upon your private preferences, monetary objectives, and nostalgic attachments. Listed here are some choices to contemplate: Present It: Share the enjoyment of property jewellery together with your family members by gifting items to relations or shut pals. Passing down heirloom jewellery can create lasting reminiscences. Repurpose or Redesign: If a number of the jewellery gadgets don’t align together with your style, you possibly can work with a talented jeweler to repurpose or redesign them into new items that higher fit your type. Appraise for Insurance coverage: Get hold of skilled value determinations to make sure that it’s adequately insured to guard in opposition to loss, theft, or harm. Promote It: Promoting it could actually present monetary worth. Think about promoting to native jewelers or native public sale homes. Donate It: Charitable donations of property jewellery can assist causes near your coronary heart and probably provide tax advantages. Contain relations with open discussions to know every particular person’s preferences and sentiments. This might help guarantee an amicable distribution of the jewellery. Should you resolve to not promote or put on the property jewellery instantly, guarantee correct storage in a protected and safe place to take care of its situation and worth. These choices will be difficult. Search recommendation from relations, appraisers, or property planning professionals. Attain out to AmRhein’s Nice Jewellery that can assist you together with your value determinations and property jewellery wants. Tom Sells, III, Co-Proprietor, Graduate Gemologist, Normal Supervisor AmRhein’s Nice Jewellery 540-989-7100 How can I decrease the impact that inflation, tax regulation modifications, and market uncertainty may have on my investments and retirement timeline? A sound retirement plan relies on an investor’s particular person objectives and an evaluation of the entire monetary panorama, not concern or uncertainty. It requires a shift from “I’m scared this may occur, so I feel I ought to do that” to “Ought to this occur, we’ve already deliberate for it.” To greatest place your self, associate with an skilled advisor who will create a complete monetary plan that may handle 5 particular areas together with taxes, investments, property planning, earnings, and healthcare. A complete method will assist break all of it down and present you a plan for now and for what might be. Inflation impacts expenditures in addition to financial savings and must be reviewed on an ongoing foundation. Tax regulation implications should be thought-about to attenuate the quantity of monies being wasted unnecessarily. To really feel assured about your monetary plan, you must understand it was custom-made for you, it covers each side of your retirement panorama, and is being revised frequently. Working with a tax savvy monetary skilled might help you obtain these objectives. Our agency doesn’t provide tax preparation. We provide tax methods associated to investing and retirement earnings. For full disclosures go to AYERSFINANCIAL.COM. Patrick Ayers, President/CEO Ayers Monetary Providers 540-563-9144 Is a Life Plan neighborhood totally different than a retirement neighborhood? A Life Plan neighborhood is a sort of retirement neighborhood. Brandon Oaks is exclusive as a result of if presents residents the power to maneuver via the continuum of care with out a change of their month-to-month service charges as soon as they change into a resident. Which means, our residents have the consolation of figuring out they are going to be taken care of for all times – whether or not they finally want assisted dwelling, reminiscence assist, expert nursing and even inpatient remedy – Brandon Oaks has them lined. That peace of thoughts, mixed with superb facilities equivalent to a heated salt water pool, canine park, full calendar of social and wellness actions, and two eating venues are why our residents say they need to have made the transfer sooner. Carter Hanna, Director of Gross sales and Advertising Brandon Oaks Life Plan Group (540) 777-5602 www.brandonoaks.web When excited about my end-of-life medical care, how do I be certain my needs are met? Planning forward for the tip of life generally is a lasting present to your self and your loved ones. Households that plan nicely usually report feeling confidence figuring out their liked one’s needs have been honored. If it feels difficult, simplify it by contemplating three questions: Would I need to be cared for at dwelling or in one other setting, like a long-term care facility? What medical care would I would like if, for instance, my coronary heart stopped beating or if my skill to swallow was impaired? Who would I need to make medical choices on my behalf if I can not? (This trusted good friend or member of the family must be a mentally competent grownup who understands and can observe your needs.) Put your needs in writing by finishing an advance care directive (dwelling will) and a medical energy of legal professional. Make sure to give your doctor and your family members copies of your finalized paperwork. Go to for knowledgeable sources about end-of-life planning. Lisa Sprinkel, M.S.N, R.N., Vice President Carilion Clinic Residence Care and Hospice 800-964-9300 What Makes Crowning Contact A Senior Transferring Firm? We’re licensed Senior Transfer Managers, educated to handle the particular wants of downsizing seniors. We assist with the sorting, organizing and planning previous to a transfer. We do detailed packing and unpacking. We promote what the household now not needs in our consignment store or public sale home and cut up the income 50/50 to offset the transferring price and we now have an authorized Senior Actual Property Specialist to promote the house if wanted. We even discover new properties for vegetation and pets. We’re a one cease store, dealing with all the main points a regular transferring firm doesn’t deal with. Linda Balentine, President Crowning Contact Senior Transferring Providers 540-982-5800 How do I resolve what to donate versus promote once I’m downsizing? Instruments, instruments, and extra instruments promote simply. A weed eater will usually convey greater than a set of stemware. Home equipment that run nicely are extremely valued, like washers and dryers. Electronics on the whole, particularly newer mannequin TV’s, promote very nicely. Overlook pianos and formal eating room furnishings like china cupboards. There may be additionally dwindling demand for formal china itself, and none for silverplate. Outside and informal furnishings ought to promote nicely at 1/third of the unique worth.

Linda Balentine, President Crowning Contact Senior Transferring Providers 540-982-5800 What’s the distinction between non-profit and for-profit retirement communities? Most retirement communities are for-profit companies, and lots of are owned by nationwide corporations. Alternatively, non-profit retirement communities like Friendship are usually extra invested within the native communities they serve and as nonstock corporations are “owned” by the residents. Each nonprofit and for-profit communities should adjust to the identical guidelines and laws; nevertheless, for-profit communities with shareholders and personal house owners are usually targeted on earnings, whereas nonprofit retirement communities are motivated by mission. Non-profit communities can be differentiated by a dedication to offer monetary assist to their tenants and residents and their skill to take a position earnings again to the mission, usually within the type of capital expenditures for the amenities, tools, facilities, packages, and providers. The standing of a retirement neighborhood can inform you numerous about how it’s managed, so it’s a good suggestion to ask about this once you go to! Mike Shannon, Chief Monetary Officer Friendship Well being & Residing Group (540) 777-4044 How are you aware it could be time for your beloved to make the transfer to assisted dwelling? Assume again over the previous 12 months and your visits with your beloved. Do you recall any of the next points? It’s getting tougher for them to soundly maneuver round the home. They’ve skilled at the least one fall or are at larger threat of falling. Meal preparation is turning into harder. You’ve seen indicators of starvation or that dietary wants aren’t being met. They want extra help with actions of every day life (getting dressed, bathing, managing drugs, and so on.). You may have worries about their isolation and security. If any of those points ring a bell, it could be time to discover assisted dwelling choices. Getting your beloved a serving to hand is helpful in bettering their bodily and psychological well-being. Assisted dwelling amenities like these at Friendship Salem Terrace and Friendship Assisted Residing might help with medical care, dietary assist, housekeeping, and laundry together with offering every day actions and social interactions. Not solely does assisted dwelling considerably enhance the standard of life for the particular person needing help; it could actually additionally make life simpler for the principle caregivers. Brent Poff, Administrator Friendship Salem Terrace 540-444-0343 What units Good Samaritan other than different hospices? As a mission targeted group, our promise from inception has been to satisfy and reply to the superior sickness wants of our communities. As a result of we’re unbiased and unrestrained by a bigger healthcare system, we’re in a position to take action shortly and nimbly. In 2020 Good Sam expanded providers with the addition of a palliative care program, offering illness administration and supportive look after these dwelling with critical or superior sickness. In 2024, Good Sam might be opening the Middle for Caring, the primary freestanding, inpatient hospice facility to serve southwest Virginia. Good Sam employs a full time medical director, Dr. Jennifer Easterday, who’s board certifiedin hospice and palliative medication. We’re capable of have doctor enter and orders instantly, which is a direct profit to the care of our sufferers. Moreover, Good Sam maintains household bereavement look after greater than a 12 months after a liked one’s loss of life, in addition to the neighborhood at giant. At Good Sam, our mission is that nobody walks the journey alone. Scotti Hartman, CFRE, Vice President of Enterprise Growth Good Samaritan 540-776-0198 What are my Medicare protection choices? There are two principal methods to amass Medicare protection. You may select authentic Medicare and add a Medicare Complement Plan (often known as a Medigap) or you possibly can choose a Medicare Benefit Plan that matches your wants. The Annual Enrollment Interval begins October fifteenth and runs via December seventh yearly. That is one of the best time to enroll in or change plans. Nevertheless, you could qualify to enroll in or change plans at different instances of the 12 months because of particular circumstances. Contact your Humana agent for additional information. Whitney Hosey Humana MarketPoint – Licensed Agent 540-355-0894 I actually like my specialist (heart specialist, oncologist, and so on.) Can I hold seeing him/her after I be part of PACE? InnovAge PACE has a community of medical specialists in every neighborhood. In case your specialist is already within the InnovAge community, you could possibly see the identical specialist. If the care is authorised by your medical workforce, however your specialist shouldn’t be within the InnovAge community, InnovAge will coordinate your care with an in-network specialist. Our PACE clinics organize all specialty medical appointments with transportation for individuals. If a member of the family or a good friend is unable to go along with you, a member of your care workforce can accompany you. All medical care might be coordinated via a custom-made method on the native InnovAge PACE heart. The medical doctors and lots of members of the medical workforce are specialists in senior healthcare and are devoted to giving customized care to every participant. You may examine this system at Eric Beasley, Senior Director of Enterprise Growth InnovAge Virginia PACE 540-682-9440 When is the suitable age to maneuver to a Life Plan Group? The optimum age to maneuver right into a Life Plan Group, like Kendal at Lexington, varies primarily based on well being, funds and private preferences. Usually, people usually contemplate transferring of their 70s or early 80s when they’re comparatively wholesome and may absolutely benefit from the neighborhood’s facilities and social actions. You may transfer into Kendal at Lexington as early as 65. Transferring earlier permits for better entry to the continuum of care providers as wants change. Erica Turman, Director of Advertising and Gross sales Kendal at Lexington 540.464.2601 What’s a Life Care Coordinator? A Life Care Coordinator is an informed and skilled skilled with a specialised give attention to points associated to growing older and elder care who can help growing older adults and their households achieve their most useful potential. Life Care Coordinators are capable of handle a broad vary of points associated to the well-being of growing older adults. In addition they have intensive information concerning the prices, high quality, and availability of sources of their communities.

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