In this podcast, Steve Gresham, the Managing Principal of NextChapter and the Senior Education Advisor with the Alliance of Lifetime Income, is joined by his mother, Phyllis Gresham, for a special episode on the role as the default caregiver. Steve and Phyllis delve into the intricacies of caregiving, sharing personal anecdotes, financial challenges, and reflections on aging while highlighting the importance of planning for the future.
They also discussed:
- The advocacy and caregiver role in long-term care and the challenges that follow, especially for women.
- Dealing with care for elderly relatives with cognitive issues.
- The importance of planning and communication in caregiving and finances.
- The need for advisors to discuss potential constraints and scenarios with clients.
- The self-centered focus older individuals tend to have, not interested in others’ experiences.
- Addressing devastating diagnoses and the challenges of treatment decisions
- Phyllis’s reflections on her own aging process and how she chooses meaningful activities.
Resources: NextChapter | Alliance for Lifetime Income