Co-Founder of Red Feather Financial, Dr. Sabrina Scott Says It’s Not Too Late to Put a Long-Term Care Plan Into Place
Dr. Sabrina Scott discusses how more and more Americans end up living with their adult children because they either neglected to sufficiently plan for their long-term care in the event of an economic downturn or they did not bother to plan at all.
DECATUR, GA, April 19, 2019: Dr. Sabrina Scott, co-founder of Red Feather Financial, has posted a new article on the firm’s website entitled “How To Prevent The Necessity Of Intergenerational Living,” in which Dr. Scott encourages anyone 60+ to take a hard look at their elder care needs.
Dr. Scott writes, “You raised your kids to be independent. You taught them to take care of themselves and to plan for the future.” She adds, “The question is, did you plan for your future well enough? Did you plan to be independent of your children as you age? Did you plan wisely in the event you’ll need long-term care?”
As Dr. Scott points out, “Many older Americans who didn’t anticipate the 2008 recession lost their retirement savings and/or their jobs. Many of them have not been able to bounce back.” She further points out, “Despite the fact that they saved, many did not have a solid financial plan in place designed to protect them when the market went south. And, truth is, few saw that coming.”
According to Dr. Scott, “Perhaps as a direct result of this we are seeing more and more older Americans moving in with their adult children out of necessity. In some circumstances it might be the ideal arrangement. When children love their parents so much that living together is not a challenge, everyone benefits. But in many instances that is not the case.”
“If you are in your 60’s and have not yet put a plan in place for your elder care,” says Dr. Scott, “there is not a moment to lose.” She emphasizes, “Even if you were hurt in the economic downturn of the last recession, you might still be able to create a plan that will serve your long-term care needs.”
The entire article can be read at https://redfeatherfinancial.com/how-to-prevent-the-necessity-of-intergenerational-living/
About Dr. Sabrina Scott
Sabrina Scott learned about Veterans Benefits and Medicaid when her parents sought legal services for long-term care. Confident she could find ways to preserve her family’s resources and still get access to Government Assistance, Sabrina felt there should be more options than relying on welfare. As a result, Dr. Scott became an investment advisor representative who can make recommendations regarding securities and became licensed in insurance as well. She co-founded Red Feather Financial with Victoria Collier to help those who want to have a plan in place in order not to outlive their resources and who do not want to be a burden to their children.
About Victoria Collier
Victoria L. Collier, CELA founded The Estate & Asset Protection Law Firm to serve the legal needs of retiring individuals. Victoria is also Co-Founder of Red Feather Financial. At both firms WE BELIEVE that people should not have to lose everything they’ve worked a lifetime to earn and that every person is an individual who deserves respect and the highest quality of life possible, regardless of age or ability. We also believe that privacy and protection are the keys to personal peace. Victoria was appointed by Governor Perdue to the Georgia Council on Aging, 2010 – 2016 and was awarded Dekalb County Veteran of the Year, 2013. She is the author of 47 Secret Veterans Benefits for Seniors; Paying for Long Term Care – Financial Help for Wartime Veterans: The VA Aid & Attendance Benefit.
About Red Feather Financial
Red Feather Financial is an independent financial advisory firm born with a singular mission: to financially empower our clients and protect their financial future. Most people come to see us because they are worried about having enough money for retirement and long-term care costs. We help by showing our clients how they can leverage their assets in the most tax-efficient and cost-effective ways.