• About
  • Contact
  • Fees
  • Client Logins
  • Follow us on Facebook
  • Follow us on Twitter
  • Follow us on Linked IN

Nauset Wealth Managment

  • Optimizing Your Wealth
  • Client Experience
  • Insights
  • Nauset DNA
  • IM Professionals
  • About Us
  • Contact
  • Client Logins
  • Fees
☰
  • Optimizing Your Wealth
  • Client Experience
  • Insights
  • Nauset DNA
  • IM Professionals
  • About Us
  • Contact
  • Client Logins
  • Fees

Planning for Assisted Living: The Promise, The TruthSeptember 4, 2019

Over the past several years my wife has managed her elderly parents’ care in an assisted living facility. Sadly, Geeta Anand’s New York Times article, How Not to Grow Old in America, is an accurate reflection of our experience of the care promised versus the care delivered, especially in the memory care unit. Paying for a full-time outside aide was the only way her folks got the help they needed. The take-aways from this article and our experience are:

  1. Do your research before the need arrives. The cost of assisted living can be more (maybe substantially more) than expected.

  2. Consider a wide range of options including moving to a different area, but still close to family. Assisted and retirement living facility costs vary widely around the country.

  3. Involve adult children if possible. This can be challenging but, in our experience, it can be critical for ensuring parents receive the care they need. Calling isn’t enough. They need to visit and have an open line of communication.

How Not to Grow Old in America

Author: David Bauer
Share:
Tags: Financial Plan, Personal Finance

Get Our Latest Posts by Email!

Loading

Featured Market Commentary

Quarterly Market Performance Recap

Fourth Quarter – Strong Finish for Stocks. Despite news of another Covid variant, US stocks ended 2021 on a high note as investors drove the Russell 1000 up +9.9% in the quarter to finish the year at +26.4%. Energy, tech and real estate stock sectors were market leaders in 2021, while telecom…

Read More (PDF format)

Download Commentaries

  • Q4'21 Commentary
  • Q3'21 Commentary
  • Q2'21 Commentary
  • Q1'21 Commentary
  • Archived Commentaries

Why Work with Nauset?

  • SEC Registered Investment Advisor
  • Founded in 2000
  • $300 million under management
  • Independent, fee-only service
  • Primary clients - families and individuals
  • Fiduciary in all client relationships

Our wealth service integrates ongoing financial planning and investment management.

Hear About Nauset

About the Partners

Michael Lombardo President

Michael has over 20 years experience in the financial services industry as an investment manager, consultant and marketing manager. He is responsible for investment policy and portfolio management as well as financial planning activities.

Read more

Contact Michael

David Bauer Principal

David develops holistic wealth management and retirement programs for clients with a particular expertise in meeting the needs of financial services professionals. He is a member of the firm’s investment committee.

Read more

Contact David

Categories

  • Economic Development
  • Economy
  • Financial Plan
  • Investment
  • Market Update
  • Personal Finance
  • Taxes
  • Uncategorized

Archives

  • Nauset Market Commentary – Q4’21
  • Nauset Market Commentary – Q3’21
  • Nauset Market Commentary – Q2’21
  • Nauset Market Commentary – Q1’21
  • Nauset Market Commentary – Q4’20
  • Consumer Disclosure
  • ADV Disclosure
  • Privacy Policy
  • Contact
  • Follow us on Facebook
  • Follow us on Twitter
  • Follow us on Linked IN
©2022 Nauset Wealth Management, LLC. All rights reserved.

Site designed by Darling Design, Inc. | Programmed by Jessee Productions, LLC