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Talk to your family about the financial 
impact of
being a caregiver.

           Family Financial Planning

Talk to your siblings and other family members
about the various costs involved in your providing
care to a family member.

  


Consider setting up an Individual Retirement Account (IRA) to replace retirement 
savings lost from your employer.  For more information on various types of IRAs
http://www.wiserwomen.org/saving_investing_new.html

Consider asking your family to pay you as an independent contractor for the care
you are providing.  If you are paid, you can set up a small employer type pension 
plan like a Simplified Employee Pension (SEP), explained in WISER’s Fact Sheet
on Small Employer Pension Plans --  http://www.wiserwomen.org/pensions.html

If you are caring for someone who is a widow or widower, review the information
in WISER’s Special Report on Divorce and Widowhood -- 
http://www.wiserwomen.org/divorce_detail.html

Consider the possibility of purchasing Long-Term Care insurance for yourself, 
which can give you more choices when you face healthcare decisions in your
own retirement.  See WISER’s fact sheet on Long-Term Care Insurance at
http://www.wiserwomen.org/longterm_care.html