Articles on "Daily Money Management"

September 8, 2004 12:00 am

Getting Organized

While working as a program specialist for IBM, Sarah Veerhoff got the opportunity to live all over the country and the world. During her 27 years with the company, she lived in Dallas, Los Angeles, London, Moscow, Chicago, Kansas City, and New York-among other places. “My coworkers and I used to say that IBM stood for ‘I’ve been moved,’” she jokes. Of her job, she says, “I really loved the work; I loved the logic of computers, and I loved […]

April 27, 2004 12:00 am

How To Evaluate Licensure Versus Accreditation

The explosive growth of the retirement living market has left consumers with many challenging choices to make from among countless providers. Increasingly, overwhelmed consumers are learning to look for certain designations to ensure that providers are reliable and dedicated to providing quality service. There are three levels of recognition that a facility or long-term care provider may obtain, including Licensure, Certification, and Accreditation. Licensure- The type of recognition long used in most governmental systems is licensure. It has established guidelines […]

A Model Retirement: Money and Legal
December 30, 2003 12:00 am

A Model Retirement: Money and Legal

Alan and Katharine Jung are truly a model for ideal retirement living. Not only have their retirement living decisions been well thought-out and proactive, but they have also embraced the new opportunities that retirement offers and are fully enjoying what they refer to as a “new season in their life.” The couple can certainly offer helpful advice to others concerning retirement living decisions-right down to the downsizing checklist Katharine devised. They did just that during a recent presentation for their […]

December 30, 2003 12:00 am

How To Get Help Managing Money for Seniors

*What is Daily Money Management?* Daily Money Management is a relatively new service, which addresses an issue facing many senior citizens: handling paperwork that seems to expand endlessly. Seniors frequently become overwhelmed with the amount of medical statements and other mail they accumulate in a short time. Insurance and medical statements are often confusing–or even contradictory. This leads to frustration and anxiety on the part of the senior. Daily Money Managers can help to alleviate these concerns by monitoring and […]

Relieving Financial Headaches for Retired Seniors
December 30, 2003 12:00 am

Relieving Financial Headaches for Retired Seniors

Carolyn and Raymond Ross moved from New Jersey to Classic Residence by Hyatt in Chevy Chase to be closer to their children. However, as their daughter, Jerilyn, relates, the complexity of their finances still plagued them: “My parents didn’t need help with a lot of things. The key thing that was overwhelming for them was their finances. Every time I talked to my Mom, she was frustrated with another confusing bill.” In order to try to remove this burden from […]

A Retirement That is More Than O.K.
September 3, 2003 12:00 am

A Retirement That is More Than O.K.

Two signs hang outside Mrs. Sadie Hofstein’s apartment in Martin’s Run, a continuing care retirement community in Media, PA. One cheerfully announces, “I’m O.K.,” while the other is a more distinguished plaque engraved with “Hofstein House.” Both say a lot about Mrs. Hofstein’s personality, her past, and her future. “I always knew I was going to be in some kind of helping profession.” This is how Mrs. Hofstein explains her work as the administrator of the first apartment house for […]