The Blake’s have the issue of determining how they are going to save for retirement while still helping pay for their children’s college education and Fran’s mother’s care. The need to secure the future (security during old age), especially in the situation of limited economic activity, is one of the basic human needs (Szczudlinska-Kanos & Peter-Bombik, 2016). While making sure that their children are able to afford college and assisting Fran’s mother are both important, ensuring that they have sufficient income after retirement takes priority. Patrick has a savings/income issue. He was unprepared to be without a job for longer than 3 months. This also means that Patrick is likely unprepared for unexpected expenses such as a flat tire or broken …show more content…
and Mrs. Blake there is lots of missing information. First, how much is their daughter’s tuition? Does she have any scholarships? Is she eligible for other financial aid? Next, will their son even attend a college or a trade school? If so, will he have scholarships or financial aid? The next set of questions is in regards to Mrs. Blake’s mother. We will need to know how much of her mother’s care the Blakes will be responsible for. Finally, how much have the Blakes saved for retirement and how close are they to retiring. We would need to analyze their budget and determine if the amount they are saving will support them throughout their …show more content…
Their children should be able to apply for scholarship and other financial aid. I understand that as parents they do not want their children to have to pay for college or leave college with debt. However, it is in their best interest to have a sufficient amount of savings for their retirement. To ensure that they do not run into similar issues in the future, I would suggest that they restructure their current savings plan. They need to have enough funds saved for retirement to not only support them in day-to-day life but, also be prepared for unexpected
Patient RW is a 72-year old male that came into the hospital by ambulance from an assisted living facility in the Des Moines area. Patient RW has lived fulltime in an assisted living facility since 2013. His daughters come and visit him daily and are also by his side in the evening while he is staying in the hospital. His support system is small, but is very involved in his cares within the living facility and the hospital. He was admitted to 7 South for chest pain and is on continuous telemonitoring and on four liters of oxygen. According to his daughters, he is an average Christian, with no religious or culture aspects that would affect the health care that needs to be given. Though, no religion or culture is affecting care, his past
Licensed practical nurses (LPN 's) fill an important role in modern health care practices. Their primary job duty is to provide routine care, observe patients’ health, assist doctors and registered nurses, and communicate instructions to patients regarding medication, home-based care, and preventative lifestyle changes (Hill). A Licensed Practical Nurse has various of roles that they have to manage on a day to day basis, such as being an advocate for their patients, an educator, being a counselor, a consultant, researcher, collaborator, and even a manager depending on what kind of work exactly that you do and where. It is the nursing process and critical thinking that separate the LPN from the unlicensed assistive personnel. Judgments are based
While creating my hypothetical family I did not want to have the average American family that consist of a mother, father and multiple children. Instead, I decided to have a single mother, 33 years of age and her daughter 15 years of age. The main income source for the family comes from the mother who makes an average of one thousand four hundred and fifty dollars a month. The last source of income is from child support of the daughter which is one hundred and fifty three dollars. The two bedroom apartment the family lives in is five hundred and forty dollars, the utilities bill is one hundred and nineteen dollar and the monthly car payment and insurance is three hundred and seventy dollars. The grand total of expenses is one thousand one hundred and twenty nine dollars which only leaves four hundred and seventy four dollars for emergencies or situations that may arise.
D/A: Mr. Brown had two appointments this week. Consumer was transported to his appointment with Dr. Mulligan in Newark. Disk from consumer CAT scan was taken along with him to his appointment. According to the Nurse’s notes states that static pulmonary nodules enlarged mediastinal right axillary lymph node. Mr. Brown was supported to his appointment with Dr. Ramani on 02/27/17 at 9:30 am. Mr. Brown met with his Psychiatrist Dr. Capiro on 02/26/17. Dr. Capiro provided Mr. Brown a direct service at the Residential Program. The service included a comprehensive psychiatric evaluation, medication review and an assessment of his needs. The review and assessment determined that medications were appropriate and consistent with his current health conditions.
In Mary’s household, her two sons and daughter are dependent on her. Mary is head of the household and is currently going through a divorce. Mary is close to losing her house, car, and internet services. She hires babysitters for the days/nights that she has to work. Her children know that times are tough, and continuously encourage their mother. However, her son Quinn is dealing with the divorce and poor living in
A nurse is responsible for advocating for her patients and making sure that they receive appropriate care. In order for a nurse to know her scope of practice she needs to read the Texas Board of Nursing Scope of practice. A nurse that reads the nursing scope of practice act will be prepared to adequately care for their patients. The scope of practice outlines procedures, actions, and processes that a nurse is permitted to do in order to maintain her professional license. Thus, professional nursing means the profession that requires specialized judgment, skill, and proper performance. A professional nurse is required to assess the physical, emotional, and psychological wellbeing of her patients. The scope of practice differs for different types
Teamwork and collaboration is a crucial aspect in the nursing field as it involves working as a team to meet a common goal for the patient: his or her wellbeing. One of the ways that teamwork and collaboration concepts are being used is when a nurse is giving a report. Nursing reporting occurs every time that a nurse is being “transfer responsibility for a patient’s care from one provider” (Clarke,2012, Introduction, p.592-593). Communication is very important in this competency because without it; “it would be impossible to share family, experiences, gain knowledge, establish and maintain practice protocols, and enhance caregiving” (Taylors, 2011, The Process of Communication, p. 435).
The economic commitments and expectations of today's world often require two incomes to meet the overall expenses of the family. The biggest questions are often, "How will we plan for our own retirement, save for our children's education, and perhaps help our older parents deal with some of their financial burdens?"
...ation, planning, and considerations, retirement funds can be extremely low and can therefore cause severe hardship. It may cause retirement to be pushed back past the age of 70 to have access to enough funds. It could also bear stress to other family members, children for example, which would have to help out financially and delay their retirement plans. Utilizing the proper education, research tools, guidelines, and determination retirement plans can be set in place early to leave room to fluctuate over time. It is no one else’s responsibility but one’s own to prepare for their future, and therefore should take matters in their own hands. The question now is, are you prepared for retirement, and if not what steps are you going to take?
In table 2 of the study, it can be seen that 27.4% of the sandwich generation provided their parents with financial support of nearly $1,000. I am curious to know the causes for the needed in the aging generation. Was it due to poor financial decisions made throughout their lives? If so, what were they? Or can a correlation be seen between certain life decisions and the need for financial support after retirement? For instance, does the decision of becoming a biochemistry major or an art major seem to correlate with a higher financial dependence later on in life? I think this would be an interesting continuation of this study that would come with valuable implications to the young generation being raised now. If our society was aware of these risk factors that have been observed to be correlated with late-life financial dependence, and therefore increased strain on the next generation, we can instruct the children of today how to live a more independent
Henderson's defines nursing as "the nurse does for others what they would do for themselves if they had the strength, the will, and the knowledge…that the nurse makes the patient independent of him or her as soon as possible. The nurse is expected to carry out a physician's therapeutic plan, but individualized care is result of the nurse's creativity in planning for care. The nurse should be an independent practitioner able to make independent judgments as long as he or she is not diagnosing, prescribing treatment, or making a prognosis, since those activities are the function of the physician” (Petering, Need Theory, 2016). According to Henderson’s theory, “individuals have basic needs
When it comes to your financial life cycle, retirement is one of the most important and strenuous areas to plan for. Because of the reduction in income during retirement, a person is exposed to longevity risk (risk of outliving your money) and the risk of not being able to maintain your current or wanted lifestyle. Our Red River Wealth Management team has analyzed your financial information and goals to create the retirement recommendations listed below.
Allers, Kimberly Seals. "How Fit Are Your Finances?" Ebony 68.9 (2013): 93-97. Academic Search Complete. Web. 15 Nov. 2013. Bauer, Gabrielle, and John Southerst. "A promising retirement: your life, your way." Maclean's 18 Feb. 2013: 37+. Opposing Viewpoints in Context. Web. 15 Nov. 2013.
Therefore, people should start planning their retirement with collect and gather more information and financial literacy, as well as the tools to plan and implement retirement saving plans. It is because planning for retirement has important consequences for lifetime wellbeing. When people in the old age, it will result in comfort and security for them and their family. With a good financial plan, individual can plan to distinguish their estate and leave an inheritance for their family.
Most parents, households, and community members want their daily living a fruitful and productive. The common problem that families usually encounter is on the financial aspect. Family financial management and control practices have received little attention, yet they are increasingly important, due to changes in the financial environment (Granbois, Rosen & Acito 2006). Morover, financial planning is also important for the household's strength, stability, and longevity. Budgeting is an important planning tool which is concerned with the planning and controlling functions of management (Davis, 2007). Financially secure families are better able to contribute to vital, thriving communities and thereby further foster community economic development (Hilgert & Hogarth, 2013).