Posts Tagged ‘financial stability’

Start Planning for Long-Term Care Early

Wednesday, July 14th, 2010
Crane Paper Company in Dalton produces the pap...
Image via Wikipedia

Planning earlier in life for your own long-term care or a loved one’s long term care can go a very long way in warding off a future financial problem.  Before you or a loved one starts showing the signs of needing any care, it can be very wise to start putting money away.  Too many times families are hit with the large financial burden at once when there was no planning.  The financial obligations of any long-term care planning are large and often seemingly insurmountable without any prior savings, far too often care simply isn’t thought about.  It is easy to think about those longer term goals as only abstracts, and when something is thought of in that way developing plan can easily fall aside in favor of more immediate needs.

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Many Elderly Abused By Family Members

Sunday, July 4th, 2010
Vector image of two human figures with hands i...
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Reports are showing that the elderly are becoming more at risk of financial abuse than ever before. Often the abuser is someone close to them that they would normally trust. Most elderly are being abused by a close family member, and the overall reports of the amount of people being financially abused are shocking.

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‘Grandparents Scam’ Growing in Use

Wednesday, June 30th, 2010

It’s the middle of the night, and the phone rings. The called identifies themselves as the authorities and are calling to tell you that your grandchild is in jail and needs money for bail. The police tell you that your grandchild was drinking and driving and is in another state. Panicked, you get the amount of money and receive directions for sending it.

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Programs for Avoiding Elderly Financial Abuse

Sunday, June 27th, 2010

Elderly care

There are ongoing projects being planned and created to help the elderly avoid certain shader dealings that can harm them severely financially.  The project (called: “Elder Investment Fraud and Financial Exploitation” ) aims to stop the financial abuse and the methods that are popularly used to break down resolve and get a senior to sign up for something that may tie up much their funds for what could easily be the rest of their lives.

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One in Five Seniors Are a Victim of Fraud

Sunday, June 20th, 2010
Check fraud envelope

It is a frightening thought that a loved one has been a victim, especially when it comes to aging family and friends.  The thought of someone taking advantage of someone you love is enough to make many see red, and sadly many times the fraud isn’t discovered until it may be too late to catch or rein in any financial problems caused by the shady scammers.

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Financial Abuse of the Elderly: To the Tune of $2.6 Billion Yearly

Wednesday, June 16th, 2010
ceramic piggy bank
Image via Wikipedia

You check your mail one day and find an invitation to a seminar on finances, it claims to be free and with a a catered meal (and at times, other freebies as well).  It sounds like a good deal, especially if the only thing required is your attendance.

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President Obama Looks To Assure Older Americans Over Health Care Reform

Wednesday, June 9th, 2010
WASHINGTON - JULY 28:   United States Presiden...President Obama is looking to calm the worries over the new Health Care bill by meeting with the group who are most concerned, senior citizens.  As part of his plan to calm the public, he is also meeting with people and talking about the changes they can expect to see soon.  Among these are $250 checks being sent soon to those who are effected by the doughnut hole in Medicare prescription coverage.  The checks are also the first of the tangible effect of the bill itself, and the President is also warning seniors (and other receiving them) to be wary of those who may be looking to fraud them out of that money.  The money is meant to help give a bumper to the costs associated with the medications that many need and find themselves paying out of pocket for.

Seniors May Cut Out Essentials In Fear of Financial Instability

Tuesday, June 8th, 2010
ElderlyWomanInGlasses2
Image via Wikipedia

There is some striking new evidence that many seniors, with concern over  the economic downturn,  the research is showing that many aging adults feel pressured to cut into their daily (and typically much-needed) expenses to pay other bills.

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Maintaining Independence in the Face of Disability

Sunday, June 6th, 2010
My Grandfather (†); photo from January 17.JPG

Elderly individuals are at a greater risk for many debilitating injuries and conditions that due to age, can make the concept of independence seem like little more than a pipe dream.

Finding workable solutions in the form of one or a combination of care solutions may be the way to maintain independence even in the face of a serious issue.

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Many Aging Adults Going Back To Work

Sunday, April 25th, 2010

Elderly woman volunteering

More and more aging citizens are going back into the workforce.  Many are able to find work in their original fields, and are filling positions that they used to have.  There are reasons for each as person as they, and while somesay financial issues and concerns for them going back, not everyone does. Life is busy for many, and people often find that there the tedium after retirement can grow boring.  They decide to look for part-time and volunteer positions doing things they enjoy and find that they actually miss working a lot more than they once thought they would.

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