Making Spending Adjustments for Retirement [Episode 118]

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Attorney-CPA Joe Cordell and co-host Susan Arthur are rejoined by Wealth Advisors and Certified Financial Planners Todd Oetken and Grant Roberts, both of Roberts & Kohler/Hilliard Lyons, a Robert Baird Company, to discuss a variety of topics related to financial planning and retirement.

They talk about what potential clients consider when choosing a financial advisor, as well as the intimate conversations that are required for financial planners, in order to get the full scope of a client’s unique situation.

Todd highlights how various aspects of one’s health and how they interact with their job before retirement affect what they choose to do after they retire. They also dissect the challenges involved in dealing with debt while attempting to retire.

Todd and Grant encourage accountability in spending, in order to assist in saving for retirement, as well as advocating the inclusion of the children in financial and retirement planning. They talk about the responsibility of the client, in having these types of challenging conversations about finances before anything traumatic occurs, so that family feuds can be avoided.

Todd and Joe discuss the benefits of children stepping in when parents reach senior ages and assist them in their day to day life, including with financial matters. Grant also talks about what occurs when a client does not have children or does not have children that live nearby.

Questions and Answers About Medicaid [Episode 117]

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Attorney-CPA Joe Cordell and co-host Susan Arthur answer listener questions about relevant topics pertaining to Medicaid, long-term care, estate planning, and more.

Joe and Susan describe what undue influence is and how evidence of cognitive issues can help support the legal claim. They also dive into some of the estate planning aspects of the Jeffrey Epstein case regarding his trust.

They answer a question regarding whether or not a car and house of a listener’s mother should be sold, so that the mother can qualify for Medicaid. Joe highlights the protections surrounding cars, as it pertains to Medicaid eligibility.

Joe and Susan talk about how moving states impacts the estate plan and details how difficult ancillary probate can be for intended beneficiaries. They discuss revocable trusts and whether or not the owner of the trust has an obligation to inform a trustee, if they wish to change trustees.

They also discuss whether or not the sale of antiques within a house can be used to pay for long-term care and whether or not that would affect Medicaid eligibility. Joe and Susan stress the importance of creating a specific plan with an elder law attorney.

Caregiving for an Alzheimer’s Patient [Episode 116]

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Attorney-CPA Joe Cordell and co-host Susan Arthur are joined by Cynthia Fantasia, pastor, national speaker and author of the book “In the Lingering Light: Courage and Hope for the Alzheimer’s Caregiver” to discuss the challenges surrounding dementia and Alzheimer’s. She talks about her personal experience dealing with her husband’s Alzheimer’s and her journey caregiving for him.

Cynthia talks about developing a support system during her husband’s illness through her church and the struggle that many face in wanting to help a caregiver. She also stresses the importance of those that want to help, to put themselves in the world of the caregiver.

Cynthia highlights the importance of finding a doctor that works best for the patient and the caregiver, as well as the emotional challenges she personally faced when bringing her husband to a memory care facility. She describes the advantages that these types of facilities offer to dementia and Alzheimer’s patients who need additional care.

Cynthia also talks about having “the conversation,” regarding medical care and making your wishes known. She was able to honor her husband’s wishes because of having such a difficult conversation and advocates doing the same for those facing similar circumstances. She also touches on the financial side of the situation, through meeting with an elder law attorney and qualifying for Medicaid.