With aging comes many difficult decisions. One of those is determining the best living situation for your later years, specifically, choosing a senior living community. In fact, the US Department of Health and Human Services estimates that the number of adults 65 and older who will need to move into senior living communities is expected to reach 27 million by 2050. That’s a lot of people! While many options are available, ranging from independent living and assisted living to memory care and boarding, it’s easy to become overwhelmed. So, whether you’re looking for opportunities for a loved one or are interested in your future, this podcast will provide clarity and deep insights.
Join us as we sit down with Bryan Riddle, Owner of Care Placement Advisors, to discuss senior communities, resources, guidance, and more. Bryan has over 20 years of experience as a care placement specialist, making him the perfect person to answer all our questions. He and his team work hard to find the best options for each family’s unique situation while working to educate, empower, and go the extra mile to meet a loved one’s preferences, needs, and goals.
“Sometimes the children want to push mom or dad into a community because they feel guilty. They’re worried and wonder – ‘Is mom okay?’ ‘Is she taking her medications?’ I love how much the children love mom or dad. However, if placement is to work, we want mom or dad to have buy-in. They must have some say in the process.”
In this episode of A Place of Possibility, we’ll be discussing:
- The variety of senior living options available for older adults and how to determine the right choice for your needs.
- We’ll do a brief overview of pricing, but it’s hard to pinpoint because costs do vary.
- The little-known fact that Medi-Cal doesn’t cover costs associated with a senior living community.
- Why you should consider working with a care placement specialist.
- An in-depth look into the process of working with a care placement specialist.
The decision to transition a loved one to a senior community isn’t easy and, as Bryan points out, often comes after a crisis, such as a sudden fall. It can be a scary and stressful time for the whole family. However, it’s not something that has to be faced alone and should be thought about outside of crises, too. Join us as we travel this journey of senior living possibilities together, uncovering new insights, opportunities, resources, and more!
P.S. Looking to meet with Richard or Angela at our office in Alamo, CA? Want to discuss more of what you heard in this episode? Wondering where the heck you need to get started or what all of this means for your retirement plans? Schedule a free 30-minute session and find the peace of mind you deserve for the rest of your life. You can also reach us by calling 925.736.6410 or sending an email to Info@APlaceOfPossibility.com.
“I see people transition into communities in their eighties and nineties, and, you know, they’re dating again, having fun, making new friends. So, there are so many positive things that go with this industry.”
A Glance at this Episode:
0:51 You may have questions about the government shutdown looming, so we’re taking a few moments to discuss before diving into today’s topic. The good news is that there isn’t much to be worried about!
3:58 Joining us today to talk about living and care plans is Bryan Riddle, founder of Care Placement Advisors.
5:08 As our loved ones get older, their needs become more challenging. That’s why speaking with a placement specialist is so important, and their goal is to help the children navigate the process of finding mom or dad the most appropriate living situation.
5:58 Most families look for a placement specialist after a crisis, like after a fall. The other standard route to a placement specialist is through a referral from a hospice agency. However, you don’t have to wait for an accident or a referral to talk to a placement specialist.
7:24 Should you trust a referral agency firm found online? Bryan warns against them for several reasons, including that most have never even stepped foot inside the communities they recommend and know little about them.
9:10 Not all care communities are the same, so it’s essential to consider what qualities are important for your loved one. Listen in as we discuss here.
10:04 As Bryan points out, the elder care industry is facing a shortage of caregivers, so you need to talk with those who may be serving mom or dad to better understand what care might look like.
10:39 Would you believe us if we told you that working with a care placement specialist is 100% complimentary to the family? Typically, the communities pay professionals like Bryan a referral fee.
13:00 So, how do placement agents decide on the best facility for someone? It begins with a full assessment of the person in question, their needs, the environment, lifestyle, etc.
14:11 There are a lot of senior living options out there. Learn the differences between assisted living, independent living, memory care, boarding care, and more, as Bryan gives a complete breakdown here.
19:01 Nursing homes are the only facility Care Placement Advisors doesn’t work with because they’re another category and provide a different type of care.
20:28 If you’ve been wondering how to tell when it’s the right time to transition a loved one into a care facility, press play here. It could be a decision you make with a loved one or a crisis situation.
23:11 Next, Bryan shares insights about what it’s like to work with a placement specialist and the process the family goes through.
26:15 Determining a facility’s cost depends on several factors, and the estimate can vary widely.
30:16 When you transition to care communities, they don’t take Medi-Cal, so you will pay out of pocket. If you use up all your money, you will go on a waitlist and transition to a nursing home setting, which can take six months to two years.
33:09 If you or your loved one isn’t ready to transition, don’t let that stop you from talking with a care placement specialist. There are lots of other resources available, including many for the caregiver.
Get in touch with Bryan Riddle:
Owner, Care Placement Advisors
1547 Palos Verdes Mall
P.O. Box #107
Walnut Creek, CA 94597
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Links/Resources Mentioned in this Episode:
- Learn more about Care Placement Advisors: https://careplacementadvisors.com/
- APOP Episode 023: Downsizing, Relocating, or Assisted Living? How to Prepare for a Senior Move
- Ensure your family’s wealth will live on for generations to come. Order your copy of Endless Inheritance by Richard Del Monte today! https://aplaceofpossibility.com/endlessinheritance
- Ready to become a better investor? We’ve got the strategies you need. Download a FREE copy of our e-book, “Evidence-Based Investment Insights.” https://aplaceofpossibiltiy.com/evidencebasedinsights
- Del Monte Group offers a variety of free resources to help you make innovative and educated financial decisions so that you can keep, grow, and enjoy your wealth starting now. Find them by visiting https://aplaceofpossibility.com/resources.
“One-size-fits-all” won’t fit you here! The Del Monte Group team understands that everyone’s financial goals are unique. That’s why we always provide customized advice. No matter where you are in life, you can depend on our proven expertise to provide financial planning support for long-term success. Ready to get started? Schedule a meeting with Richard or Angela in our Alamo, CA based office today or we can meet via Zoom! >> You can select a date and time that works for you via our calendar, call us at 925.736.6410, or send an email to Info@APlaceOfPossibility.com. We can’t wait to help you!
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