Money And Legal − Latest Articles:
Wall Street Journal article reports that through negotiation and a birds eye view of finances there are ways to get a deal of retirement communities and senior living options. The article reports that financial planners—especially those who serve a number of elderly clients—are starting to help clients evaluate local retirement-living options and their costs. Read article
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(AP) — Federal authorities charged 107 doctors, nurses and social workers in seven cities with Medicare fraud Wednesday in a nationwide crackdown on unrelated scams that allegedly billed the[...]
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"Americans — even those who have diligently saved for their golden years — are not prepared for the reality of health care costs in retirement and don't really understand how Medicare works," says[...]
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Reuters reports that MetLife Inc, the largest U.S. life insurer and reverse mortgage lender, made a surprise shift on Thursday with the sale its reverse mortgage business as part of its exit from[...]
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The trustees who oversee Social Security and Medicare release their annual financial reports today. An aging population and an economy that has been slow to rebound are straining the long-term[...]
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More Than 60% of 65-Year-Olds Already Collecting Social Security
Despite the popular belief that Baby Boomers will continue to work well past the traditional retirement age of 65, those born in[...]
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The Washington Post reports with some interesting data regarding student loans and seniors. The article reports that new research from the Federal Reserve Bank of New York shows that Americans 60[...]
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A comprehensive new study from the MetLife Mature Market Institute shows the age of those seeking Home Equity Conversion Mortgages (HECM), popularly known as reverse mortgages, has plummeted in the[...]
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What is it?
Elder financial abuse is a crime involving the wrongful taking of money or property, whether through fraud, scams, predatory caretakers or family, or others. It is committed by a person[...]
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