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SIMPLY IN THE NEWS

Getting Older Without FamilyAddressing Personal, Legal, and Financial Concerns

7/18/2018

 
By  Sidney Kess, JD, LLM, CPA, James R. Grimaldi, CPA, James A.J. Revels, CPA and Elizabeth Forspan, JD
July 2018


The American Association of Retired Persons (AARP) projects that by 2030, approximately 16% of women will be between 80 and 84 years old and childless (Donald Redfoot, Lynn Feinberg, and Ari Houser, “The Aging of the Baby Boom and the Growing Care Gap: A Look at Future Declines in the Availability of Family Caregivers,” Insight on the Issues, AARP Public Policy Institute, August 2013, http://bit.ly/2rZDYS8). What are elderly persons who are without children or other family to serve as caregivers supposed to do? This article outlines some practical issues to consider, along with legal and financial matters for those who are fortunate enough to reach their 80s and beyond. Read More....


Blumenthal's elder abuse prevention bill passes senate

8/7/2017

 

WSHU.ORG:
By Ebong Udoma

A bill aimed at curbing fraud and abuse of seniors is awaiting President Donald Trump’s signature. It was one of the bipartisan measures passed by Congress before lawmakers left for August recess last week. The Elder Abuse Prevention and Prosecution Act was sponsored by Democratic U.S. Senator Richard Blumenthal of Connecticut and Republican Senate Judiciary Committee Chair Chuck Grassley of Iowa. Blumenthal says he was moved to craft the law by the plight of Connecticut World War II veteran and purple heart recipient Robert Matava who was defrauded by his own son. Read More....

New-financial services for seniors

6/28/2017

 
CHICAGO TRIBUNE
By Community Contributor brucebrown91


Deerfield, Illinois - June, 2017 - A growing professional field known as Daily Money Management is becoming more and more prevalent across the country. Daily Money Managers help individuals and families with their personal paperwork. This may include bill paying, checkbook balancing, filing, organizing and budgeting, as well as submitting and tracking medical insurance claims. Many Daily Money Managers provide either social support services or local referrals to such services. Read More.......

Daily Money Management Programs for Seniors - NOLO

9/1/2016

 
Daily money management (DMM) programs provide personal financial assistance to older Americans who can no longer handle certain aspects of money management. Whether an older person needs comprehensive help or just a monthly reminder to pay bills, these programs can mean the difference between living independently and residing in a nursing home. DMMs also offer relief to family members who are providing care to their older parents or relatives. (For more tips on how to assist an elderly relative with their finances, see Nolo's article Helping Elders Manage Money & Finances.) Read More...

National Senior Citizens Day 2015

8/21/2015

 
August 21 - National Senior Citizens Day

Some people celebrate Senior Citizens Day on August 14 since that was the day President Franklin Roosevelt signed the Social Security Act into law in 1935. However, in 1988 President Ronald Reagan, declared August 21 to be National Senior Citizens Day.

This observance was established in honor of Senior Citizens in the US who made positive contributions in their communities. The day was also created to increase awareness of social, health, and economic issues that affect Senior Citizens and their families.


There are many seniors who volunteer their time and contribute to their communities everyday who do not get the recognition they deserve. If you happen to know one of these happy souls, be sure to say “Thank You” for their contribution.

There are also many seniors who are in critical need of assistance and care. I have conversations every day, both personally and professionally, about how one goes about taking care of the seniors we know and love. Often, the level of assistance needed and complexity of coordinating services seems very overwhelming, however these issues need to be addressed and resolved in a respectful, responsible and timely manner. There are many companies that specialize in providing various levels of care for both the family as well as the seniors; for example, Aging Wisely, LLC is an amazing company that I have worked with that continues to impress me in their level of professionalism, integrity and genuine care.   On this Senior Citizens day, if you are or know of someone who is struggling to help the seniors in their lives, connect them with the help they need through the myriad of providers out there. 

Let's also make sure to take a minute and say thank you to our seniors and those professionals who take care of them. Happy Senior Citizens Day!

Jennifer L Shulman


Credit Freeze considerations

6/11/2014

 
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A Credit Freeze is a viable option to help protect yourself from identity theft.  A Credit Freeze sometimes called a Security Freeze does give you maximum control over your credit by preventing lender and other from accessing your credit report.

However, there are few things to consider before placing the Credit Freeze such as:

1) Are you planning on making any large purchases in the near future in which you would need to access you credit report? Not only does this freeze prevent others from accessing your credit, but it can make it cumbersome for you to access it as well. It can be done, however be ready to have to jump through some additional verification and financial hoops.


2) A credit freeze is permanent until you notify the three major credit reporting companies – TransUnion, Equifax and Experian. Even though, it is rather simple to put the Freeze into place. It can and should be done with each of the credit reporting companies for it to be effective as quickly as possible. It can be done by phone, or by mail or online by answering some vital financial questions.  However, to lift or remove the Credit Freeze you must notify all three credit reporting companies by telephone automated system or in writing and then allow typically 3 days for processing.

3) There are fees associated with placing, lift or removing a Credit Freeze. For most states it is $10.00 to place a Freeze, lift a Freeze or remove it completely. Florida fees are
: No fees for identity theft victims and seniors 65 years and older. All others pay $10 to place the Freeze, lift it temporarily, or remove it altogether.

So, be sure to plan ahead. If you are concerned with identity theft and you know that in the near future you will need to make a large purchase in which you will need to access you credit, consider a credit monitoring service like LifeLock. There are many options to choose from and most of the options allow for month to month contracts. SO once you have made your large purchase, you can cancel the credit monitoring service and you can place a freeze on your credit.



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    Jennifer is committed to helping her clients as well as other folks improve their daily financial circumstances by providing simple financial solutions.

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  • Home
  • Let's Get Started
    • Fees
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    • What our clients think of us >
      • Your thoughts
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  • About Us
    • Jennifer L Shulman, MBA, CDMM®
  • Resources