Finances

5 Ways to Prevent Elder Financial Abuse

In an increasing — and alarming — number of cases, older adults become the victims of financial abuse, often at the hands of family members, guardians and other care partners. As many as one in 20 seniors reports having been the victim of financial abuse, and the problem cost victims nearly $3 billion last year.…

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Exploring the Uncharted World of Financial Caregiving

Every year, older adults lose billions of dollars to fraud. Trusted financial care partners — who help older adults pay their bills and monitor their accounts — serve as a critical defense against scammers. Some elders benefit from loved ones contributing to the costs of care. However, a recent study from Age Wave and Merrill…

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Long-Term Care Planning Month and National Save for Retirement Week

Long Term Care Planning

If you are considering a move to senior living for yourself or a loved one, you may wonder about the costs and possible payment sources. Questions around pricing for assisted living and other levels of senior living come into special focus in October as Long-Term Care Planning Month. In addition, National Retirement Security Week —…

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How to Support a Legacy of Caring

Support through legacy.

What does it mean to leave a legacy? In its strictest definition, “legacy” can refer to anything handed down from the past or to gifts that are left in a will. While the concept can remind us of death, the truth is that leaving a legacy is one of the best ways you can continue…

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Steps to Help Seniors Avoid Identity Theft

Identity theft prevention for seniors.

For many seniors, having a nest egg provides peace of mind. Unfortunately, healthy savings accounts often make seniors the targets of identity thieves. Scammers also may consider seniors as easy marks because they can be more trusting than younger people, they may live alone and they often have favorable credit scores. If you’re a victim,…

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Help Your Loved One Avoid These Top Senior Scams

Help Your Loved One Avoid These Top Senior Scams

If you’re over 60, you’ve likely been targeted by scammers looking to clean out your nest egg. Senior scams come in a variety of formats, but they all can have devastating consequences. By educating yourself, you can avoid becoming a victim. If you’re over 60, you’ve likely been targeted by scammers looking to clean out…

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8 Steps to Get Started with Estate Planning

Boost Your Brain Power, Food For Thought

You may have heard the saying that only two things in life are certain: death and taxes. You may have heard the saying that only two things in life are certain: death and taxes. Thinking about life’s end isn’t how most of us want to spend our Saturday afternoons. But it’s essential to plan for…

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Care for your Heirs: 8 Estate Planning Steps to take now

Care for your Heirs: 8 Estate Planning Steps to take now

Estate planning may not be on top of your to-do list, but taking care of some essentials now will make it much easier on your loved ones in the event of your passing. Think of it as a final kindness to your kin. Plus, you’ll have the satisfaction of knowing your wishes will be followed.…

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Helping an Elderly Parent with Estate Planning

Helping an Elderly Parent with Estate Planning

Careful estate planning for aging parents can yield significant emotional and financial benefits for the whole family. Broaching the topic of estate planning with elderly or frail parents may feel awkward. But finding a way to start this conversation can be well worth the discomfort. Careful estate planning for aging parents can yield significant emotional…

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Assisted Living Community Checklist

Assisted Living Community Checklist

Assisted Living Environment As you arrive at the community, do you like its location and outward appearance? As you enter the lobby and tour the community, is the décor attractive and homelike? Do you receive a warm greeting from staff welcoming you to the community? Does the executive director call residents by name and interact…

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