Mitlin Money Mindset
The $1 Million Mistake Families Make With Aging Parents w/ Annalee Kruger
Key Takeaways
- Why so many families are unprepared
- Annalee's "what-when" reframe for aging
- Red flags of cognitive decline and what to do next
- The purpose behind her book, The Invisible Patient
- How to build a “grab-and-go binder” for your family
- The follow-up step most families skip
- Why planning matters for all ages
- The reality of aging at home and the cost of care
- Why entrepreneurs carry extra risk
Meet the Guest
Annalee Kruger
Annalee started Care Right Inc, a virtual consultancy, in 2011, after working in Continuing Care Retirement Communities (CCRC's) for 22 years. Annalee Kruger has devoted her career to guiding family caregivers and their aging loved ones with decisions about aging, dementia progression, the landscape of senior care, helping families determine their "safety triggers" for when parents need care and the aging at home care budget to prevent families from not qualifying financially to gain admission into a quality care community. She has been curated by over 32 wealth management firms to work directly with their clients. She is a national speaker on aging, caregiving, dementia, family dynamics, and end-of-life.
Annalee also created the Aging Strategy Coaching Academy (ASCA), the first ever global coaching program that addresses aging, family caregiving, dementia, the landscape of senior care, dying, and grief. She also created the Elder Planning Specialist certification program, specifically for CFP's who want to earn a certificate to better identify and address the needs of their aging book of business.
Show Notes
Are you prepared to care for your aging parents? Most people would say no. In fact, many don’t realize how expensive, chaotic, and emotionally draining aging is on a family.
Annalee Krueger, author of The Invisible Patient: The Emotional, Financial, and Physical Toll on Family Caregivers, helps families plan for aging and navigate the caregiving journey. In this episode, she explains the true cost of aging at home, the red flags of cognitive decline, and how to prepare before a crisis hits.
Resources
Sending your child to college will always be emotional but are you financially ready?
Doing your taxes might not be enJOYable but being more organized can make the process less painful.
Will you be able to enJOY the Retirement you envision?
About the Podcast
Welcome to Mitlin Money Mindset®️! With your host, Larry Sprung, CFP®️, Founder and Wealth Advisor at Mitlin Financial Inc®️. With over 20 years of experience as an entrepreneur in the financial services industry, Larry thrives to help you achieve your goals while finding JOY in the journey.
Each week, he’ll go deep with engaging guests who provide tangible takeaways and a whole lot of JOY along the way. Here, we don’t just talk about money; we celebrate it as a catalyst for JOY and possibility. Whether you’re saving for the future, planning your next big adventure, or just looking to add some spark to your daily money management, you’re in the right place.
We hope you enJOY these conversations as much as Larry enJOYed having them. And remember to ask yourself, what did you do today that brought you joy?®️