Assisted living facilities
Summary Assisted living facilities are residences for older adults who are still active but need help with some activities of daily living. This article explains what assisted living facilities offer, the differences between them and skilled nursing facilities (nursing homes), and when a person should consider moving into an assisted living facility. It then lists […]
What to do if elder fraud occurs
Summary Elder fraud can be devastating both financially and emotionally. Recovery may take some time, but there are ways to help speed up the reporting and money recovery process. This article will help you navigate next steps after an older person has fallen victim to a scam or fraud. Don’t Panic! Elder fraud can be […]
Getting out of debt
Summary With fixed incomes and limited retirement savings, many older adults fall gradually into debt or start out retirement in debt. This article offers strategies and tips for digging out of debt and staying out, including contacting a credit counselor, repairing bad credit, downsizing, consolidating, refinancing, negotiating medical debts, and, in a last-case scenario, filing for […]
Stretching your money
Summary Many older adults are on a fixed income after retirement. As the economy fluctuates and living costs change, the value of stretching a dollar becomes apparent. This article offers tips for caregivers to make sure the person they are caring for is making the most out of their budget and spending wisely. Review the […]
Having the elder fraud talk
Summary As people age, their ability to spot fraud and exploitation may suffer. Since money management can be a sensitive topic for discussion, approaching the conversation about preventing fraud with care and sensitivity is ideal. This article offers tips for discussing elder fraud with the older people in your life. Be open and respectful As […]
Preventing elder fraud
Summary Elder fraud can be devastating to experience and extremely difficult to recover from. The best way to prevent such fraud is to stay alert, check in often, and be prepared. This article discusses some key steps to prevent people from falling victim to financial scams and theft, including frequently reviewing assets, having a trusted […]
Overview of elder fraud
Summary Elder fraud occurs when older adults are targeted and deceived with promises of benefits that do not exist or were never intended to be provided. It can be perpetrated by close family members, friends, trusted advisors, and strangers. This article explains the different types of elder fraud and who is likely to be most […]
Online financial services
Summary Online financial services can seem confusing to navigate at first, but they can provide unique benefits for those willing to learn a new way of banking and money management. This article outlines the advantages of online financial services and offers some tips. Making the switch to online financial services Many people over 65 are […]
Financial advisors
Summary Financial advisors and planners come in many varieties. From day-to-day money managers to long-term strategists, there is a financial expert out there to fit just about any needs. This article describes some of the most common types of financial experts and the types of services they can perform. Eldercare financial experts There are many […]
Overview of financial planning
Summary Financial planning for a stable and comfortable future takes time and effort. There can be many factors involved in the quality of life for a post-retirement person, and the more you know about these factors, the better you can help prepare. This article provides an overview of what financial planning is, how to get […]
