A grandfather is teaching his grandson to fish during sunset in summer.
July 21, 2022
 | 
Written By:
Brian Goldman
 - 
Retirement Specialist, Financial Adviser

July 2022 Newsletter

July, considered the hottest month of the year, is a good time to sit back and review your retirement and insurance protection. Contact me to set up a policy review. We'll look at what you have and consider what you need.

Caregiving

These days many people who never thought they'd be caregivers are finding themselves as just that.

Many of those giving care are non-professionals — relatives and friends of the patient. Their presence alone can offer peace of mind and real comfort for the patient.

But there are certain things caregivers should know, whether you're giving care to a family member, a disabled child, or an aging parent, here are some things to know.

Some training is needed.1 To be the best you can be, seek out training before providing care.

If you take care of yourself properly, then you will be better able to take good care of your loved one.

You cannot be perfect.2 Things happen.

You have a right to all of your emotions.

Set realistic expectations — for yourself and your loved one.

1 "Five Important Things Every Caregiver Must Know," Space Coast Daily, https://spacecoastdaily.com/2020/02/five-important-things-every-caregiver-must-know/ (accessed June 1, 2022)
2. Sonna Schempp,"Caregiving 101," Family Caregiver Alliance, https://www.caregiver.org/resource/caregiving-101-being-caregiver/ (accessed June 2, 2022)

In a survey, nearly 9 out of 10 expressed satisfaction with Medicare Part D (Medicare Today).

Medicare Prescription Drug Coverage

Since its inception in 2006, "Medicare Part D" has proven to be popular among seniors.

In fact, last year, 48 million Medicare beneficiaries were enrolled in Part D. (Kaiser Family Foundation). The various plans that make up Part D are provided by private companies.

If you're new to Medicare you can enroll in Part D during your initial enrollment period — the seven-month period that begins on the first day of the month three months before the month you turn 65 and lasts for three months after the birthday month.

Or you can join or switch during the Annual Election Period or during an applicable special enrollment period.

Contact me. I can help you understand Part D, eligibility for prescription drug coverage, and more.

Good Taste, Good Health

Grilled Corn Salad with Lime, Red Chili and Cotija

Corn is a summer staple because it's delicious. Here corn takes a star turn on the grill.

INGREDIENTS:

  • 8 ears fresh corn — silks removed, husk on, soaked in cold water 30 minutes
  • Canola oil
  • Salt and freshly ground black pepper
  • 1/4 cup creme fraiche
  • 2 limes, juiced
  • 1 lime, zested
  • 1 tbsp ancho chili powder
  • 1/4 cup chopped fresh cilantro leaves
  • 1/4 cup grated cotija cheese

DIRECTIONS: Heat grill to high. Grill corn until charred on all sides, 10 or so mins. Take off the grill and remove the kernels with a sharp knife. While you are cutting the corn, put a cast iron skillet on the grill to heat.

Add the corn and the remaining ingredients to the hot pan and cook, stirring occasionally, until creamy and heated through. Serve with the steak, if desired.

Source: FoodNetwork/Flay

Senior Water Safety

Senior couple swimming in pool
Senior couple swimming in pool

Nothing is better on a hot summer day than a dip in the pool (or ocean or lake). But swimming — for everyone, including Seniors — has its risks.

Here are some pointers to reduce the risks and maximizing the fun in the pool, lake, or ocean.3

Use the buddy system, watch out for one another.

Keep tabs on the temperature of air and water. Too hot or too cold can have adverse physical affects.

Check with your doctor before starting to swim.

3. Becky Light, Senior Swimming Safety Tips, Senior Matter, https://www.seniorsmatter.com/senior-swimming-safety-tips/2575674/ (accessed June 1, 2022)

Swimming is considered good for seniors because it presents little risk of injury and is low impact. (American Senior Communities)

Senior Financial Glossary

Universal Life (UL) insurance is permanent life insurance (lasting the lifetime of the insured) that has an investment savings element and low premiums and flexible premium options.

Unlimited liability refers to the full legal responsibility that business owners and partners assume for all business debts.

An unsecured loan is a loan that doesn't require any type of collateral. Instead of relying on a borrower's assets as security, lenders approve unsecured loans based on a borrower's creditworthiness.

A U.S. saving bond is a government bond offered to its citizens to help fund federal spending.

Source: Investopedia

Did you know this about July?

July 1, 1863 — beginning of Battle of Gettysburg.

Hawaii annexed, July 6, 1898

July 14, 1798, French Bastille falls

Italian Luxury liner Andrea Doria sinks after a collision — July 25, 1956

Birthdays: Kevin Hart (July 6), Kevin Bacon (8), Selena Gomez (22), Amelia Earhart (24)

Source: Famous Birthdays
STAY COOL (and hydrated) as you enjoy this summer season.
Brian Goldman
Retirement Specialist, Financial Adviser
412-897-0760brian.goldman@successfs.com