Financial institutions often spot the red flags for abuse sooner than anyone else, but sometimes personnel are confused. They want to help protect the consumer, but are unsure whether privacy laws allow them to share a consumer’s personal information with law enforcement and other authorities that can take action. Read more about spotting elder financial exploitation and abuse.
Last week, I got my 401(k) plan fee disclosure notice in the mail. I almost threw it away. At first, it looked like all of those form notices you get – you know, the ones with the window envelope and “US Postage Paid” in the top right-hand corner. Not the most exciting-looking mail. So, why […]
It can be hard to picture yourself older – but doing just that can spur you to plan for your later years. Take one Stanford study, for example. First, researchers showed students what they would look like at 60. Then, they asked: “If you had $1,000, how much would you save for retirement?” Those who […]