Kerry Morris, CFP® Founder of HonorShield, Interviewed on the Influential Entrepreneurs Podcast Discussing Care for Spouses & Aging Parents
Published on July 10, 2023
Kerry Morris discusses the cost of Dementia in caring for an aging parent.
Listen to the interview on the Business Innovators Radio Network:
Caring for an aging parent with dementia can be a taxing experience, both emotionally and financially. According to Dementia Care Central, nationally as of February 2023, the average cost of Assisted Living/Memory Care (for persons with Alzheimer’s or other related dementia) is on average $6,160/ month ($73,920 per year). This number will vary depending on the individual needs of the family member or loved one. People may have to pay out-of-pocket costs for medical treatments related to their dementia, medications to manage symptoms, and services such as home health aides or assisted living facilities. They may also find themselves having to take time off work or make other lifestyle changes to properly care for them. All of these costs add up quickly, making it important for families affected by dementia to plan ahead and budget accordingly when preparing for the financial costs of care.
It is also important to remember that caring for someone with dementia can be emotionally taxing as well. Seeking counseling or support services can help caregivers process their emotions, gain coping skills, and build resilience in difficult days. It is also critical to make sure they are taking care of themselves and getting adequate rest, nutrition, exercise, and time away from their duties as a caregiver. Taking the time for self-care will help ensure that people have the energy necessary to properly provide care for their loved ones.
Kerry Morris explained: “The cost of caring for an aging parent with dementia can feel overwhelming but it is possible to financially prepare and mitigate some of the expenses associated with providing care. Talking to a Care Funding Specialist can help to build a plan that works for their family and provides the best care possible for loved ones. Carefully budgeting and seeking out resources can help make caring for someone with dementia more manageable financially and emotionally.”
By understanding the financial costs of caring for a loved one with dementia and preparing accordingly, people can ensure that their parent or family member receives the best care possible.
In conclusion, caring for an aging parent with dementia can be a physically and emotionally demanding experience. It is important to consider the potential financial costs that come with providing care for someone with dementia. By budgeting ahead and seeking out resources such as Care Funding Specialist, people can make sure that their parent receives the best possible care while also managing the financial costs associated with their caregiving needs.
Additionally, it is critical to remember to take time for themselves and practice self-care in order to ensure that they have the energy necessary to properly provide care for their loved ones. With proper planning and preparation, families affected by dementia can successfully manage both the emotional and financial costs of caring for their loved ones.
About Kerry Morris
Kerry Morris, Author of When Retirement Goes Bad, Life Sucks and Financial Survival for Families in the Grip of Dementia, Certified Financial Educator, and CERTIFIED FINANCIAL PLANNER™ professional.
Kerry Morris has been serving families for the past twenty-five years as a financial planner and advisor. He has recently launched HonorShield, LLC., as a way to challenge the current thinking and behavior of consumers and financial advisors preparing for the potentially high cost of aging.
He has spent several of his twenty-five-year career advising hundreds of families experiencing the nightmare of paying for care. The question, always, was “How to make the money last”?
Morris has watched too many families, too many men and women not be fully prepared for retirement. The financial industry has put this cost-of-care issue on total “ignore” mode, often shoving it onto a small-but valiant band of “insurance specialists” around the country. Only about 1 in 100 Americans embrace this model. That is a problem for American families and our country.
Morris found a better way, a win-win solution that more Americans could feel good about embracing. It’s a whole new way to approach and solve this problem: the LCAP—the Longevity Care Allocation Plan. Every person, every family deserves to know how an LCAP works. Kerry Morris has made it his life’s goal to ensure that those he helps can hold their head high and know that no matter what curve balls retirement throws at them, they will be prepared.
“We are on a mission to train Care Funding Specialist across the country to improve the way America ages one family at a time.”
Learn More: http://www.honorshield.com/
Recent News and Interviews:
Published on September 29, 2023
Low Earth Orbit (LEO) is becoming an increasingly difficult place to do business. In his recent appearance on The Space Industry Podcast, Frank Tobin, Executive Chairman of GomSpace North America, shares his belief that the fastest path to a successful LEO satellite deployment in this competitive environment is through collaboration.
A new race to space is happening right above our heads. But the destinations targeted today are not the Moon or Mars. Instead, entrepreneurs, nation states, and large corporations are sending small satellites into Low Earth Orbit (100 to 1,000 miles altitude) to track weather, provide broadband Internet access and telecommunications, support the Internet of Things (IoT), and perform military and security functions.
With so many potential LEO opportunities available, a gold rush mentality has driven scores of entrepreneurs and hundreds of millions of dollars of capital into the sector in recent years. Now, as the market begins to mature, investors are becoming more focused on rapid paths to profitability and less upon innovative technologies.
“The capital markets are no longer interested in funding science projects,” stated Frank Tobin, Executive Chairman of GomSpace North America on The Space Industry Podcast. “They are looking for business models that can be ramped up quickly and achieve cash flow positive status in a reasonable period of time.”
“This is why it’s critical that every company or agency planning a satellite mission focuses on their core technological competencies,” Tobin continues, “And outsources to flight-proven partners the nuts and bolts of building, launching, and managing one – or a constellation of – satellites. The sooner you can demonstrate in-orbit experience, the less equity you will have to give up in exchange for capital. Partnering accelerates that process.”
Listen to the interview:
Frank Tobin’s appearance on The Space Industry Podcast is the first in a series of such interviews he will be granting in the coming weeks and months to communicate his message of the power of partnering in space.
To listen to Tobin’s guest interview on The Space Industry Podcast, click this link.
About GomSpace North America
GomSpace is a manufacturer and operator of nanosatellites for customers in the defense, academic, government and commercial markets. GomSpace’s services include systems integration, nanosatellite platforms, constellation operations management and miniaturized radio technology.
About The Space Industry Podcast
The Space Industry Podcast features stories, educational material, and behind-the-scenes views into the real-world activity in today’s space industry. It is produced by satsearch – the global marketplace for space – which helps engineers from across the global industry find information on suppliers, products, services, and capabilities at all levels of the supply chain.
Published on September 28, 2023
Dubai, UAE – 9/28/2023– BINE INTERNATIONAL is thrilled to announce the highly anticipated Dubai Investment and Networking Event (DINE 2023), scheduled to take place at the luxurious JW Marriott Marquis Hotel on December 16, 2023. This prestigious event is poised to facilitate investment and collaboration among companies and industries, with a special focus on bolstering small and medium enterprises (SMEs) under the theme “Growing Businesses through Investment Collaboration.”
DINE 2023 is set to create a dynamic business ecosystem, benefiting both local and international entrepreneurs, while reaffirming its strong commitment to supporting SMEs and recognizing their pivotal role in driving economic growth and innovation. The event aims to provide SMEs with a platform to connect with potential investors, expand their networks, and explore new growth opportunities, ultimately catalyzing economic development, creating job opportunities, and fostering a sustainable business environment.
Highlighting various investment opportunities in sectors such as technology, energy, infrastructure, agriculture, and tourism, DINE 2023 will bring together entrepreneurs, investors, and decision-makers from both regions. The event’s emphasis on networking and fostering meaningful business relationships will be a key feature, with interactive sessions designed to facilitate connections and collaborations, enabling participants to engage with industry leaders, experts, and policymakers to exchange ideas and best practices.
DINE 2023 boasts a diverse lineup of industry experts and thought leaders who will share their insights on investment strategies, market trends, and innovative business models. Guided by a shared vision for growth, these sessions will inspire attendees to think beyond boundaries and explore new avenues for business development. By promoting innovation and thought leadership, DINE 2023 aims to ignite a spirit of entrepreneurial excellence and propel business growth.
The Dubai Investment and Networking Event (DINE) 2023 stands as a testament to the unwavering commitment to fostering a thriving business ecosystem that benefits all. Through collaborative efforts, investment opportunities, and networking, DINE 2023 is dedicated to supporting SMEs and driving strategic investments. With the stage set for this groundbreaking event on December 16, 2023, entrepreneurs, investors, and industry leaders are eagerly anticipating an inspiring and transformative experience at DINE 2023.
For registration and further information, please visit https://www.bineint.com/register.
Published on September 28, 2023
Dr. Miriam is a spiritual advisor and mentor to entrepreneurs and business owners. Her mission is to help transform her clients’ work and lives to realize their full potential. Dr. Divinsky is the Founder and President of Authentic Life Center, Inc. She is listed in “America’s Best Therapists” and has been featured in “Who’s Who: National Registry” and “Who’s Who in American Women.” Dr. Miriam Divinsky is a Lifetime International Association of Counselors and Therapists member. Dr. Miriam Divinsky is a Lifetime Member of International Association of Counselors and Therapists.
Divinsky launched her brand new book on Amazon and Kindle and hit several Best-Seller lists on Amazon.com within 24 hours of release, achieving #1 in Knowledge Capital, #1 in Divination and Personal Growth, and #6 in Personal Success and Spirituality.
Divinsky said, “This book is the clearest blueprint to align your Outer Game of Success with your Inner Game. The alignment of these two Games allows you to have a truly successful professional life AND a happy and fulfilling personal life. The information in this book will transform your awareness, intentions, actions, and results so that you can be who you were always destined to be.”
Miriam continued, “My mission is transforming my clients’ lives to meet their Destiny and to live to their full potential. I started many years ago with a desperate need to understand the meaning of my life and to find the Truth that would set me free to live without the limitations of sheer mortality. The search for Truth took many turns over many years in two countries: Russia and the United States. I always felt that my life was a bridge by which my clients could cross from the constriction of naive materialism to the freedom of full realization of human Destiny—the realization of the Truth of who we truly are—an expression of Infinite Spirit in human form. In this instructional book, I am sharing the most fascinating and practical information that allows you to change your life physically, emotionally, mentally, and spiritually.”
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