´Making the Most of Retirement' addresses caregiver costs on June 21

(STILLWATER, OKLA. / June 6, 2017) –– “Making the Most of Retirement” will present “Planning for Costs Related to Caregiving” with speaker Louise Schroeder at its program Wednesday, June 21, at 1:30 p.m. “Making the Most of Retirement is a month series held at Stillwater Public Library and sponsored by the OSU Emeriti Association.

According to Schroeder, caregiving is a ubiquitous topic that everyone confronts at some time.

“Rosalynn Carter, former First Lady and caregiving advocate wisely said ‘There are only four kinds of people in the world. Those who have been caregivers; those who are caregivers; those who will be caregivers; and those who will need caregivers.’” 

Despite the widespread need for information on caregiving costs, Schroeder says there are many expenses caregivers do not consider in their plans.

“Caregivers often do not factor in expenses not covered by Medicare or Medicaid. Other expenses that need to be considered are those related to where care takes place, such as home modifications so that the individual can continue to live at home, costs for assisted living units, skilled care units, memory care units and the costs of moving.”

At the program, participants will learn about factors influencing whether someone will need caregiving, including times of short-term disability, long-term disability, as well as during the later years of life.

Participants will also learn about the various sources of funding for caregiver costs such as Medicaid, Medicare, federal, state, and local services and support programs, insurance and personal income and assets. Schroeder will provide an update on how many of these funding sources may be changing. 

“The proposed federal budget, as it currently stands, would eliminate $880 billion from Medicaid,” said Schroeder. “Retirees need to consider how the elimination of programs such as Meals on Wheels, Community First Choice and other government programs might impact the cost of caregiving.”

Schroeder, a certified financial planner and a part of the Garrett Planning Network, has been in private practice since leaving OSU in 1998, where she served as the Assistant Director of Planned Giving for the OSU Foundation. 

Schroeder is particularly interested in serving retirees and has worked with many organizations throughout the area to make retirement more beneficial.  She served on Stillwater’s Certified Retirement Community committee, which promotes Stillwater as an attractive retirement community and assesses the needs of Stillwater retirees and works with Oklahoma Independent Living Resources, which focuses on educating the public and professionals about aging in place at home.  Schroeder also completed the Oklahoma Aging Advocacy Leadership Academy, sponsored by the Area Agencies on Aging and the Oklahoma Department of Human Services, Aging Division.

“Making the Most of Retirement” focuses on issues affecting retirees. The programs are free and open to all retirees. On July 19, Toni Wolfe will present “Stillwater's Primrose Retirement Community.” The series will not meet in August, and then will return on Sept. 20 when Visit Stillwater’s Cristy Morrison presents "What Makes Stillwater a Great Place to Retire.”

For more information, visit http://retiredinstillwater.wordpress.com or contact the library at 405-372-3633 x106 or askalibrarian@stillwater.org.

The Stillwater Public Library is located at 1107 S. Duck St. (the corner of Duck and 12th Ave.).  Visit the library online at http://library.stillwater.org.