Financial

5 Sources Older Americans Use to Pay for Senior Living

Posted in Financial, Senior Living Resources on November 5, 2019

Ask any older American and it is a question that is on their mind.  If I need it, how do I pay for senior housing and/or long-term care? We take a look at 5 options for doing just that. Private Funds Government Programs Long-Term Care Insurance Veteran's Benefits - Aid and Attendance Life Settlements Private Funds Fact is, most people pay for independent living and assisted living with private funds. They may use personal savings, Read More »

Anything Can Be Found on USA.GOV

Posted in Caregiving, Financial on October 3, 2019

So that may be a little bit of a stretch – I’m not sure my mom’s chocolate chip recipe is on there.  Nor is the video of my granddaughter’s kindergarten school play.  But nearly everything else is truly there. A public clearinghouse of information, this website searches federal, state and local government websites to bring you official information on a nearly uncountable number of topics.  As an added plus – there are no advertisements! Want Read More »

Top 10 Financial Scams Targeting Seniors

Posted in Financial, Senior Scams on October 2, 2019

Financial scams targeting seniors have become so prevalent that they’re now considered “the crime of the 21st century.” Why? Because seniors are thought to have a significant amount of money sitting in their accounts. Financial scams also often go unreported or can be difficult to prosecute, so they’re considered a “low-risk” crime. However, they’re devastating to many older adults and can leave them in a very vulnerable position with little time to recoup their losses. It’s Read More »

FBI Tips For Protecting Against 3 Popular Senior Scams

Posted in Financial, Senior Scams on October 2, 2019

Senior scams are too common A terrible fact is that seniors get scammed out of $36 billion each year. Even worse, most of this money can never be recovered. Fraudsters are ruining lives by stealing hard-earned savings. Being aware of popular senior scams helps you protect your older adult from losing money to thieves. Since stolen money isn’t likely to be recovered, the key is to shut down the scams before they can do serious damage. We Read More »

When is The Tax Man Not the Tax Man?

Posted in Financial, Senior Scams on October 2, 2019

Imagine this. You have just come home from the park with your grandkids. As your 3-year-old granddaughter plays on the floor with her toys and your 8-year-old grandson reads at the table, you receive a phone call. Your heart skips a beat when you hear who is on the other end of the line. It’s the IRS and they are calling to tell you that they haven’t received your tax payment. Always skeptical, you ask Read More »

Fraud Against Seniors

Posted in Financial, Senior Scams on October 2, 2019

The FBI’s Common Fraud Schemes webpage provides tips on how you can protect yourself and your family from fraud. Senior citizens especially should be aware of fraud schemes for the following reasons: Senior citizens are most likely to have a “nest egg,” to own their home, and/or to have excellent credit—all of which make them attractive to con artists. People who grew up in the 1930s, 1940s, and 1950s were generally raised to be polite Read More »

Avoid Scams at Tax Time

Posted in Financial, Senior Scams on October 2, 2019

As April approaches, many think of spring in bloom, April showers, and maybe even Opening Day for baseball season, but there’s no denying it and no avoiding it, tax time is here as well. For some, April can be a time of frustration and even fear, especially if the documents necessary for tax filing are disorganized, misplaced, or simply missing. Unfortunately, for many seniors, tax time is not only stressful, but also prime time for Read More »

7 Scams That Target Elderly Seniors – How to Protect Your Loved Ones

Posted in Financial, Senior Scams on October 2, 2019

While it seems unconscionable to most, unscrupulous men and women often target senior citizens for devious scams to rob them of their money or identities. When scammers know how to confuse and gain the trust of the elderly, they have virtual free reign of bank accounts, personal information, and even assets. If you’re concerned about the well-being of a senior in your life, or if you’re a senior who wants to protect yourself, learn about common risks Read More »

Prevent Elder Fraud by Getting Rid of Junk Mail

Posted in Financial, Senior Scams on October 2, 2019

Elder fraud is a 36 billion dollar problem Thieving fraudsters are making a business of taking advantage of older adults. Almost 4 in 10 seniors are affected, losing over $36 billion each year to financial abuse. And this isn’t only happening to the very old or those with Alzheimer’s or dementia – younger, more educated seniors are actually losing more money. Did you know that the amount of junk mail your older adult receives is a sign of their fraud risk? It Read More »

How Online Thieves Can Steal Your Credit Card Information

Posted in Financial, Senior Scams on October 2, 2019

BY JENNIFER STERN Do you avoid online shopping to avoid identity theft? Do you feel safer shopping at traditional brick-and-mortar stores than you do online? Even if you have never shopped online, used email or browse the Internet at a public computer, you may still be at risk for identity or credit card theft. Those chip-enabled credit cards in your wallet are indeed convenient, but they could be putting you at risk when you simply leave Read More »