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Learn from Your Parents – A Failure to Plan is a Plan to Fail
According to a report from USATODAY/ABCNews/Gallup Poll, 41% of Baby Boomers are caring for their elderly parents, either personally or financially or both. Many of these caretakers find themselves in a situation where their parents did little or no planning for their physical or financial long term care. This puts the burden squarely on the…
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Legal Issues with Veterans Benefits
Accreditation Federal law dictates that no one may help a veteran in the preparation, presentation and prosecution of an initial claim for Veterans Administration (VA) benefits unless that person is accredited. The only exception to this law is that any one person can help any veteran — one-time only — with a claim. To help…
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3 Signs Your Aging Parents May Have Issues Managing their Money and How You Can Help
As our parents age, many of the routine activities they performed when they were younger – cleaning house, paying bills, grocery shopping – become difficult for them. This may be for physical reasons – arthritis, for example – emotional reasons – or simply a diminished capacity to handle numbers or make decisions. It’s pretty easy…
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From the Mercury News (4/8/11)
I’m pleased to share with you a recent feature article that ran in the Career and Jobs section of the San Jose Mercury News and other affiliates in the Bay Area. Minda Cutcher, Financial Advocate for Seniors By Charlotte Cusack What’s your background? I spent over 30 years in the private sector managing multi-million dollar…
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If You or Someone You Love Has Been a Victim of Financial Abuse
Most of us are familiar with the saying, “A fool and his money are soon parted.” And yet, I’d venture a guess that many of us have made a bad investment decision at some point in our lives – either in money, time or trust in another person. When we’re young, these are learning experiences.…
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Three Financial Resolutions for the New Year
The New Year is a perfect opportunity to look back, to look forward and to make changes. Let me share with you three strategies that I resolved to implement relative to handling my aging parents’ finances. These actions removed a lot of the stress and tension from our visits, and allowed me to more fully…
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Move Your Ass(ets)!
Let me tell you about two of my clients: a couple in their late 70s, living in their own home in a lovely middle class neighborhood. They did all the right things-worked hard, paid their bills on time, saved, raised 3 loving children and even engaged an attorney to help with their estate plan. They…
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5 easy ways to help protect your aging parents’ cash
Having a discussion with our parents about their finances is hard. For us, it may bring back memories of those uncomfortable teenage sit-downs with mom and dad. For mom and dad, it can bring up a range of emotions: Suspicion: “Why are you asking?” Anger: “It’s none of your business!” Fear: “What if my kids…
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5 Reasons why Seniors are vulnerable to scams, fraud and identity theft
My world turned upside down when the roles reversed in my family and I became the parent to my parents. It was a gift, being able to help them, but it was also a shock. Both were in their 80s, still had most of their marbles and were living in their own home but were…
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