At-Risk Retirement Funds: Caregiving Gone Wrong

At-Risk Retirement Funds - AmeriBest Home Care

We all want to help our loved ones.
To give them care and support when they need it. To help them live their best and happiest lives.

We don’t do it for the money, or for the reward. We do it because we want to give them the same kindness they gave us for all our lives.

And yet, the question begs to be asked: to what extent?
To what extent do we sacrifice our own lives to help those around us? When and how much should we give to others when it means taking away from ourselves?

Present and Future Consequences

When people think of the stress of caregiving, they often think about the present time. That caregiving only affects them in the moment, and they have the rest of their lives to live as they want.

Unfortunately, that’s not so.

Recent studies have shown that those who caregive for free (i.e. family members who act as caregivers for loved ones) are more likely to have smaller retirement savings.

And, even more so for single women who are unpaid caregivers.
Black woman headache and sleeping

Now, you may not think this is such a big deal. That’s it’s only a minor setback. But the truth is, that having a good savings for retirement is so important, and really effects the entirety of your life- present and future. Because, the pace at which you are able to save money now, affects when you can stop working and begin your retired years later.

If you save slower, you’ll have to work for longer.
If you save faster, you’ll get to work for less.

And this matters, because when you go into retirement, you’re not just doing it so you can laze away the rest of your days. Retirement years are so that you can live life to its fullest. So that you have time to be with your loved ones. So that you can see the world, do the things you’ve always wanted, and bond with those around you.

So, giving up your time now for caregiving means giving up your years now and in the future.

A Better Alternative – At-home care

Obviously, you don’t want to just leave your loved ones to fend for themselves.
But, you also can’t keep living a life you resent.

Luckily, there’s an alternative. A happy medium that comes in the form of at-home care.

When you hire a professional caregiver, you’re paying a professional aid to come to your home and give your loved ones what they need- emotionally, physically, and medically. You’re not leaving your loved ones or giving up on them. You’re finding another way to help them. A way that also gives you a chance to live your own life.

And though you may not want to admit it, a professional caregiver may be the better help for your loved one. Because, a professional will not only know what your senior needs, but will also be able to do something about those needs.

Consider a better life for you and your loved senior with a professional caregiver.

Learn to Care for Your Grandparents While Getting Paid

Learn to Care for Your Grandparents While Getting Paid - AmeriBest Home Care

The hardest part about caregiving for family, is having to give up precious time from work.

Because less time at work equals less pay, which can be difficult when you’ve got your own bills to pay and family to take care of.

But what if we told you, it didn’t have to be that way? Nowadays, you can easily keep earning money while still caring for your grandparents. In fact, you can get paid to care for your grandparents!

It’s a total game changer. And here’s how that change can ultimately change your life!

  • No More Financial Stress
    Say goodbye to the financial crunch and worry that comes with having to split all your time between financially supporting yourself and caring for your grandparents. Luckily, getting paid to care for your grandparents, takes the worry out of the situation! Not only does it take out the worry, but it adds in some additional relief.
  • Extra Downtime
    When getting paid to care for your grandparents, you’ll find that you have way more time for other things, and other people. You’ll finally have time to finish that project you started months ago, or catch up with old friends, or maybe even have some much-needed self-pampering nights. Whatever it is you like to do with your time, it’s up to you! Because now you’ll actually have the time to do it.
  • Better Care for Your Grandparents
    With less financial stress and more free time, you’re sure to be less overwhelmed. Which means, that you’ll actually be able to enjoy caring for your grandparents, as opposed to dreading it. And when you enjoy what you do, you tend to do a better job of it. You’ll be able to pay more attention to your grandparents, give them the consideration they deserve, have more patience for their needs, and most importantly, laugh, love, and appreciate every moment you spend with them.
  • A Happier Life
    It’s no magic formula, it’s just simple math. When you don’t have to worry about money, and you have more free time to accomplish your goals, and you can rest assured your grandparents are getting the care they need- you’re going to be happier. You are going to be a happier person, with a happier life.

Middle aged black man bringing roast meat to the table for the Sunday family dinner with his partner, kids and their grandparents, front view

So… Now What?

Make the move to change your life! It’s that easy. There are two main ways you can get paid for caregiving. The first, is to apply for the right financial aid services and receive payments/stipends for you and your grandparents. The second, is to become a licensed caregiver and get paid for the work you do.

Have any questions? Interested in learning more? Give us a call at (215) 925-3313, or 1800-HOMECARE.

At AmeriBest, we’ll help you and your loved one in any way we can! So, learn to get paid for giving care to your grandparents and change your life in the process.

What more could you want?