power of attorney

The Dark Side of Growing Old: Elder Financial Abuse

In today’s rapidly aging society, the elderly face a myriad of challenges. From health concerns to adapting to new technologies, the golden years can sometimes feel less than golden. Among these challenges, elder financial abuse is one of the most insidious and often overlooked.  This form of exploitation not only robs our seniors of their hard-earned savings but also their trust and peace of mind. The National Council on Aging paints a grim picture, reporting …

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How You Can Protect Your Retirement Against Cognitive Decline

If your memory fades, you’ll need someone to help you, so choose wisely.

Many seniors ensure that they have a durable medical power of attorney to carry out their wishes if they cannot direct health care providers. However, only 39% have given any kind of power of attorney to protect their money. While we’ve all heard horror stories about people committing fraud or making substantial financial mistakes due to cognitive decline, many of us believe it will not happen to us. But you never know, so it’s always a good idea to be prepared.