Taking Care While Giving CareHighlights from our Building Confidence Part 2 Event

6/22/2023 - By Sarah Horne

Saltmarsh Financial Advisors hosted a virtual panel called Taking Care While Giving Care to provide information and resources for people caring for loved ones. The panel featured experts in financial planning, emotional wellness, physical wellness and elder care. Here are some of the important messages that came from this heartfelt event.

Prioritize caring for yourself. 

It doesn’t take an intense workout or an all-organic diet to care for yourself. Self-care can happen in the smallest moments of your day. Whether it's stepping outside to feel the sun on your face or practicing a simple breathing technique for two minutes, reconnecting to the present can improve caregivers' well-being. Tara Taylor created a video featuring a 20-minute Yoga Nidra practice to promote rest and sleep.

Ask for help. 

Friends and family want to offer support to you as you care for your loved one, but they may not know how. Consider asking for help on specific tasks. Ask for a meal, a trip to the post office or an extra set of hands to help fold laundry. Taking it back to the first point, you might ask for someone to sit with your loved one, while you walk around the block. In fact, your loved one may enjoy the change of pace by interacting with someone else while you have a moment of self-care.

Know your resources.

There are tremendous resources available to those who need care, as well as their caregivers. Assisted living, skilled nursing care, memory care and hospice services can improve loved ones' quality of life and relieve caregivers' pressure. Support groups, counseling, and coaching provide needed emotional support to caregivers. A fiduciary financial planner can help you understand the impact of care needs on both your financial plan and your loved one's financial plan and independent elder care consultants can provide invaluable insights on the resources and facilities in your area. If you’re not sure where to start, reach out to one of our panelists below for guidance.

Don't forget your plan.

Caregiving can be a great demand on one's time and resources. While it can be a privilege to care for a loved one, it may have significant impacts on the caregiver's and the loved one's financial plans. A trusted financial advisor can help you understand those impacts and make informed decisions. Additionally, estate planning is of utmost importance. Gathering and updating important documents can lessen the burden of settling a loved one's estate or making important medical or end-of-life decisions. Saltmarsh Financial Advisors' Final Wishes Guide can assist in organizing those documents and assets.

Saltmarsh would like to thank these excellent panelists for their contributions:

What's Next?

This event was the second installment of Saltmarsh Financial Advisors' women-focused event series, Building Confidence. These programs are not exclusive to women and are open to all. Future series topics include Aligning Your Money & Values and Navigating Divorce. Sign up for our newsletter to stay informed about these upcoming events and more.

About the Author | Sarah Horne

Sarah is an associate advisor for Saltmarsh Financial Advisors, LLC, an affiliate of Saltmarsh, Cleaveland & Gund, where she serves clients through portfolio management and financial planning. With a master’s degree in education, Sarah appreciates the firm’s educational approach that supports informed decision-making. Sarah also leads the firm’s women-focused educational series, Building Confidence, and is currently completing coursework for the CERTIFIED FINANCIAL PLANNER™ certification. Prior to joining Saltmarsh, she enjoyed a career in higher education and later transitioned to the financial services industry, focusing on risk management and retirement planning.

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