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HomeCare with Compassion

With Emilie Amador, President of AE HomeCare

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Emilie Amador, owner of AE HomeCare, shares her background and knowledge in the home care industry. She and her staff proudly serve the elderly community, and consider themselves extended family...

Next Step 4 Seniors

With Wendy Jones

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Wendy Jones, the founder and CEO of Next Steps 4 Seniors discusses key issues regarding hospitals, rehabilitation facilities, assisted living and memory care units.

Virtual Mental Health Therapy

With Dr. Joel Young, Rochester Center for Behavioral Medicine

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Joel Young, M.D., Director and Founder of the Rochester Center for Behavioral Medicine discusses Virtual Therapy during the Coronavirus pandemic, and the future of therapy in general.

Rockstar Caregivers

Going Above and Beyond for Clients

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Emilie Amador, President and Owner of AE HomeCare, expresses thanks to her staff for the compassionate care of their vulnerable clients during the extremely challenging time of Covid-19.
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Coronavirus Resources

Key Financial  Tips - Don’t Panic!
Laurie Blume
/ Categories: Financial, Money Management

Key Financial Tips - Don’t Panic!

Remain Calm in Turbulent Times

Here are a few financial tips for those of us who are Gracefully Greying adapted from the Financial Manager and AARP Magazine:

  1. Do not panic. Panic is the enemy.
  2. Diversification is your safety net. Make sure that your money is spread among different types of investments, such as U.S. stocks, foreign stocks, bonds and publicly traded real estate trusts. Investing in mutual funds is safer than buying individual stocks and bonds.
  3. It is hard to plan for economic calamity.
  4. Think twice before paying off your mortgage if it uses up a lot of cash.
  5. Do not panic and sell too early. This is how most people get hurt by market downturns. Panic is your biggest enemy.
  6. Do not be overconfident either. There are always down turns in the market. The four most dangerous words when the markets have been strong for a long time: “This time it’s different.”

Another good read is Suze Orman's article 10 Steps to our Ultimate 'Retirement, published in AARP.  Another important read is published by U.S. News & World Report, What the Coronavirus Means for Your Retirement Finances.

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