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Senior Living Communities:
Atlanta Senior Living Resources
Understanding The Financial Picture
Assuming that your family has already made the decision that a Parc Communities lifestyle is the right choice for your Mom, you will need to clearly and decisively address these items. Without a comfortable financial strategy, your loved one will never be able to embrace the idea of a lifestyle change.
Although we at Parc Communities have no crystal ball regarding the future of this economy, the experts upon whom we rely believe that this extraordinarily low interest rate environment will prevail for at least the remainder of this year. They see nothing on the horizon that will reinflate the economy during the likely remainder of your Mom’s life, nor do they envision any economic catastrophe such as the Great Depression.
The simplistic problem then becomes, "How can Mom enjoy a Parc Communities lifestyle when she can only earn 1%-2% on her estate?” Since, in most instances, it is not advisable for Mom to invest in higher-yielding securities that might risk her capital, the answer to this question must be found by addressing the issues as they specifically relate to your family. Although there is considerable commonality among all of the Depression-era generation, your family will need to focus clearly upon those matters that are particularly relevant to you and your Mom.
At Parc Communities, we have had the opportunity to address practically every financial question that your family will consider. Our experience can be helpful in providing you with the insight necessary to make your loved one comfortable with this aspect of her lifestyle decision.
In a nutshell, our belief is that a Parc Communities lifestyle is so beneficial to the quality of your Mom’s remaining life that your family must approach the financial issues as if they are not really material to the consideration. In order to do so, your family must carefully and graphically chart your Mom’s financial future. If you need assistance, our staff will be glad to assist you in developing this chart. The objective is to remove any and all fear from your Mom’s mind regarding her financial future and independence.