Articles on "Daily Money Management"

Help with Daily Money Management–InfoDoc, Inc.
October 24, 2012 7:26 pm

Help with Daily Money Management–InfoDoc, Inc.

It all started with a phone call. Ivor and Jean Jones had been living in an assisted living community in Baltimore, Md., for several years when one of their sons, Dr. Bruce Jones, received an unexpected call from their neighbor. “The neighbor had seen their condo listed in the paper as not having paid taxes. It was scheduled for tax sale,” Bruce recalled. Bruce was shocked, but he soon realized that his father had not been managing any of the [...]

A Daily Money Manager Acts as an Alter Ego
September 1, 2011 5:06 pm

A Daily Money Manager Acts as an Alter Ego

Boston native Vera Berne worked in different mental health settings inWashington,D.C. after moving to the nation’s capital in 1943.  As a respected diagnostician, teacher and mentor to a number of mental health professionals, she helped several individuals throughout her career that spanned over 50 years.  Now, at the age of 90, Vera has been needing assistance herself and is glad to have found a trusted daily money manger. Over the course of her career, Vera never emphasized private practice feeling [...]

October 13, 2009 1:46 pm

A Daily Money Management Service Provides Peace of Mind in Finding Caregivers

Experiencing changes in health can be very difficult for individuals and their loved ones. What can make it even more challenging are the complex financial and legal matters often involved. Roslyn Michelson and her family learned about these issues firsthand, but were fortunately able to remedy the situation with the help of a daily money manager. When her husband went to Florida, Roslyn entered an assisted living facility for respite care in order to join him later. Due to poor [...]

January 7, 2008 12:00 am

How To Mandate Mediation

When it comes to trust and estate issues or matters of inheritance, full and open communication can help family members avoid unnecessary conflict. But can you do anything to minimize family conflict if you become incompetent or pass away? You might want to encourage your family to continue communicating amicably – even after you are unable to express your preferences – by including a “mediation” provision in your will or living trust. What mediation is and isn’t What is mediation? [...]

November 20, 2006 12:00 am

How To Avoid Large Financial Mistakes: Retirement Planning

Think you’re ready for retirement? Think again. People today are living longer and leading more active retirement lifestyles than in the past – so they may need to set aside more money, and invest differently, than they had planned. Avoid these seven common mistakes people make when planning for retirement. 1. Thinking it’s too late to start planning. Once you reach your 50s or 60s, it may seem too late to start investing. After all, how can you accumulate enough [...]

Receiving Help with Unmanageable Bills and Paperwork: Senior Financial Planning
May 1, 2006 12:00 am

Receiving Help with Unmanageable Bills and Paperwork: Senior Financial Planning

Amelia Frank was receiving confusing bills and needed help with her tax paperwork when she turned to a Daily Money Manager. Family members came from Delaware and Baltimore, neighbors stopped by to offer congratulations, and both new and old friends were happy to celebrate Amelia Frank’s recent 97th birthday. As she approaches the centenarian milestone, Mrs. Frank enjoys the company of good friends and family members. She readily admits that finding the right type of assistance has allowed her to [...]

Best Financial Shape of Her Life: Financial Planning For Elders
August 31, 2005 12:00 am

Best Financial Shape of Her Life: Financial Planning For Elders

A former Editorial Assistant, Mary Robinson retired from the Bureau of Mines after 32 years of service to the government with various agencies, including the Dept. of the Interior and the Joint Chiefs of Staff. “Money of course!,” Mrs. Robinson laughs as she recounts the most rewarding aspect of her work. She goes on to explain that she retired as a grade seven federal employee and was making $14,000 a year at that time. Native to the D.C. metro area, [...]

Enjoying the Years He Didn’t Plan For: Financial Planning for Retirement
August 30, 2005 12:00 am

Enjoying the Years He Didn’t Plan For: Financial Planning for Retirement

When the time came to retire, Jack Simmons was ready. After years of operating a successful construction business, he was certainly looking forward to relaxing, and he had carefully prepared for his retirement. He had seen his five children through school and helped them get established-even building each of them a home. Mr. Simmons felt certain that the nest egg he had prepared would allow him and his wife to live comfortably for the rest of their lives. Unfortunately, he [...]

Daily Money Manager: Retired Seniors Homes
May 5, 2005 12:00 am

Daily Money Manager: Retired Seniors Homes

Jan Carson is an active senior. As an award-winning photographer and owner of Images By Jan, she has worked with thousands of different people and seen an incredible variety of situations. A career as rewarding as hers has been difficult to walk away from, so she hasn’t yet, but she has started making time for some of the things she intends to pursue, like traveling, when she finally retires. “I’m looking forward to traveling more than I’ve been able to [...]

September 8, 2004 12:00 am

How To Give Back

Non-profit charitable organizations play a vital role in our lives. They fund vital research that saves our lives; they care for us when we are ill or need help. They provide educational opportunities, which allow us to learn. They allow us to experience art and music, which enrich our lives. Yet in order to help others, to make a real difference, charities depend on public donations to operate their programs. More than 80% of the money raised by charities in [...]