Money

While some of us cling to our paper checkbooks and pencils, the world as we know it is leaving us behind, and banking is moving online.  For many seniors, the thought of managing accounts, paying bills or depositing checks through a computer or a mobile phone is an anathema- yet…

Senior scams are serious business: The average victim loses $120,000, which adds up to an estimated $3 billion in annual losses nationwide. It’s thus a wise investment for financial institutions to do all they can to stop the financial abuse of older persons. Many banks have now introduced software to…

Family caregivers often find themselves handling not only household chores but also the financial matters of their loved ones. Overseeing someone else’s finances can be tricky and becomes even more difficult if you’re not always present to address whatever arises. Enter the latest professional helpers: Daily Money Managers. This new,…

We’ve all heard about the trend: millennials moving back in with the parents as a way to cut costs and save money. But what if these millennials don’t move back in with their own parents but instead with someone else’s? Enter Silvernest, a new start up aimed at pairing empty…

Despite the existence of Medicare and Social Security, millions of senior citizens continue to live in poverty in this country. For many, however, benefits do exist to ease their financial burdens- if only they were aware of such benefits. Estimates are that $20 billion worth of assistance for senior citizens…

No one enjoys planning for the possibility that they can no longer handle their own affairs. Yet this sort of advance planning is an essential way to ensure your wishes are respected and your finances are in order. One easy to use tool is the Durable Power of Attorney form…