Elder Care Options for Singles

Retirement Answer Man

Roger Whitney, CFP®, CIMA®, RMA, CPWA®

Lifeplanning, Retirementplanning, Financialplanning, Saving, Careerplanning, Self-improvement, Education, Retirementpodcast, Investing, Business, Investmentmanagement, Retirement

4.7 • 1.1K Ratings

🗓️ 13 August 2025

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

💬 Show Notes

In this episode, Roger Whitney welcomes elder law expert Kathy McNair to discuss the often-overlooked but crucial topic of elder care, especially for those retiring solo. They explore what elder law really means, how it differs from traditional estate planning, and why having the right legal documents—like healthcare proxies and powers of attorney—is vital for protecting your future and legacy. Alongside practical insights on guardianships and conservatorships, Roger shares a fresh perspective on gratitude and contentment as essential mindsets for a meaningful retirement. Plus, he answers listener questions and wraps up with a special personal announcement.

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

(00:00) Today on the show, we are going to start exploring elder care with an expert in the area, Kathy McNair.
(01:06) Let’s talk about gratitude and contentment.

ROCKIN RETIREMENT IN THE WILD

(04:40) Roger and Kimberly are embracing retirement as an opportunity to live fully and give back and reconnect with things that matter most.

INTERVIEW WITH KATHY MCNAIR

(06:26) Roger introduces Kathy, an elder attorney and founder of seniorsolutionsinfo.com and SoloAllies.com
(08:16) Kathy explains elder law and talks about her background.
(10:20) What is the difference between a guardianship and a conservatorship?
(12:00) Roger says one of his clients has a question about his aging mother and how to approach the situation.
(17:26) Is a power of attorney enough when someone is not cognitively capable?
(21:33) Kathy talks about starting SoloAllies.com.
(25:35) For seniors who are aging without close family, the key is to start building your team while you’re still healthy and capable.
(31:30) The hardest role to solve sometimes is the healthcare proxy role.

LISTENER QUESTIONS

(33:07) Submit questions on AskRoger.me.
(35:45) Joe asks a question about the interview with Charles Ellis.
(42:30) Joe asks “Can you explain some comments in Charles Ellis book?”
(45:00) Brian says he’s thinking of doing an NUA with company stock.

SMART SPRINT

(49:13) In the next seven days, pick an activity and don’t listen to music or a podcast or anything. Be Present.

BONUS

(49:00) Roger explains that Agile Retirement Management has merged with Align Financial.

REFERENCES

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Transcript

Click on a timestamp to play from that location

0:00.0	Words like contentment and gratitude seem trite nowadays, but is there more to them?
0:12.6	Well, hey there, welcome to the show dedicated to helping you not just survive retirement,
0:17.3	but to have the confidence to lean in and rock it because you're focused on the right
0:23.8	things. Today on the show, we are going to start exploring elder care with an expert in the area,
0:32.0	which is a really important topic as we age for sure, but also for those that are single and retiring on their own and the
0:41.6	resources that they need to have available. So we're going to start exploring that part with
0:46.6	Kathy McNair, an expert in the area. In addition, we're going to answer some of your questions
0:51.2	related to acid allocation based on our great chat with Charles
0:55.8	Ellis a few months ago. And I think we have an NUA question thrown in there to boot.
1:02.2	Now, let's talk about gratitude and contentment. They feel trite nowadays. Gratitude, just be thankful
1:10.1	for what you have.
1:11.0	You can't be sad if you're thankful.
1:13.3	All of these things are true.
1:14.4	But when we hear it over and over, they just get a little trite.
1:18.4	They sort of lose their meaning.
1:20.6	I was in a client meeting the other day and connected a dot that was a big aha moment for me and I wanted to share that here.
1:30.4	So over the last year or so, as we've expanded the team at Agile Retirement Management,
1:36.3	I have Troy in our meetings, who is an amazing planner.
1:40.5	I don't know if he's been on the show yet. But Troy conducts the core part of the meeting.
1:46.3	And that allows me to be an active listener and interrupt to interject a question or thought. And being an
1:54.9	active listener in a meeting, for us anyway, has been a game changer. Because when you have more
2:00.1	than one person in a meeting,
	...

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