posted on April 14th 2017 in Austin CFP Team Posts with 0 Comments /

How are you celebrating National Health Care Decision Day?

I doubt you are going to celebrate National Health Care Decision day with cake and balloons. However, it would be a great day to finally get your financial documents in order in case you have a healthcare crisis.

The theme of NHCD day this year is “It always seems too early, until it’s too late.”

Think of this as a positive step to make your wishes known. To begin, think about your own healthcare decisions. For example:

  • If I end up in a situation where I can’t make healthcare decisions for myself, who do I want to to make those decisions for me? Who do I trust to serve as my Power of Attorney?
  • If I become terminally ill; do I want the doctors to do everything possible to keep me alive or would I rather accept my prognosis and refuse further care?

It is always a good idea to have an open discussion with the person you designate as your Healthcare Power of Attorney and any contingent people who might serve in this capacity if for some reason the initial designee is not available.

In addition, you should also have a living will. This document lets others know what kinds of medical treatment you would or would not want at the end of life. A great resource for gathering more information is:

Take a moment to think about it; “It always seems too early, until it’s too late.”

about the author: Scott W. O'Brien CFP®, EA

scottScott W. O’Brien CFP® is a CERTIFIED FINANCIAL PLANNER professional who serves clients by coordinating their financial lives and assisting them in making smart financial decisions within the areas of investments, retirement planning, insurance strategies, tax minimization, and estate planning.

Scott was honored as the winner of the 2015 Five Star Professional Wealth Manager for Austin, San Antonio and the Central Texas region. He has been quoted in the Wall Street Journal, US News & World Report, and Investopedia.

Learn more and/or Contact Scott

Continue Reading

Other articles filed under Austin CFP Team Posts

The Morgan Report Q2 2018 Review: 6 Tips to Take Care of Aging Parents and Loved Ones

July 13, 2018 - Are there many important things to be done when a parent is declining in health that you don’t read about too often? Most definitely — and I’d like to share some lessons learned that might help those of you who...
Continue Reading

Robo Financial Advice: Is the discount worth the risk?

May 23, 2018 - Investing seems like it should be straightforward: buy when stock is low, sell when its high. Reap the profit. Makes sense especially when you consider the big gains demonstrated by the stock market over the past couple of years. Big...
Continue Reading

The Morgan Report Q1 2018: Volatility vs. Security

April 17, 2018 - People want a sense of security — emotionally, physically and financially. The truth of life is that we try to manage a tightrope walk between chaos and order. If somehow we can incrementally achieve some order in a life that...
Continue Reading

What Does Tech Have To Do With Your Financial Peace Of Mind?

February 22, 2018 - [embed][/embed] WorthPointe works on your schedule. Austin Financial Advisor Morgan Smith explains how he uses his tech tools to meets clients where they’re at, even if they’re laying on a beach in Bali.
Continue Reading

What Does Tax Reform Mean for You?

February 13, 2018 - As a financial planner, I’ve certainly been getting my share of questions about the recently passed tax reform. In this article, I’ll address some of the most common concerns I’m hearing from clients, but how the changes in the tax...
Continue Reading

Return to Blog Home