Helping you Manage the Financial Details of Your Life

802-343-0389

Email: robyn@moneycarevt.com

Tag Archives: Helping Seniors

Beyond the Family Home: Senior Housing Options Explained

Many elders desire to stay in their current homes. Seniors who choose to “age in place” can modify their homes to make them safer and accessible and hire home care services. Aging in place may not be desirable or feasible for everyone, however. Today, there are numerous senior housing alternatives available, and the terminology of […]

When Parents Reject Your Ideas

Trying to help parents with their finances can be frustrating. We may see clearly what we think our parents should do, yet they may refuse. When it comes to parents and their money, adult children need to tread lightly. Parents may resent their children’s interference. They may fear they will lose their independence. We need […]

Protect Yourself from Scams: Stop and Think

If scamming people wasn’t so profitable, there wouldn’t be so many con artists tricking people out of their money. There are many types of scams. Here are three which recently happened in my world: 1. My mother answered the phone to this greeting: “Hi Grandma, I’m in Florida to attend a funeral.” Evidently my child […]

Managing a Loved One’s Social Security Benefits

When you are managing the finances for a parent who receives Social Security benefits, you may need to become her “Representative Payee.” Social Security does not recognize guardianships, conservatorships or powers of attorneys. If you handle your family member’s money with one of these documents and you need to manage her Social Security benefits, you […]

Avoid Decay and Stay in Control of Your Money

Would you like to feel younger next year? The book, Younger Next Year by Chris Crowley and Henry S. Lodge, M.D., explains, while we can’t stop aging, we can turn back our biological clocks. Co-authors Crowley and Lodge describe the three components to becoming functionally younger as we age. Crowley writes, “50 percent of all […]

How to Keep Your Children from Fighting Over Your Money

Adult children fighting over their parent’s money: this is one of the saddest, yet common, things I witness in my work as a daily money manager. In some cases, one or more of the children have a sense of entitlement, not understanding that their parents’ money is not theirs. In other cases, some of the […]

Should You Automate Your Parents’ Bill Paying?

Handwriting checks is time consuming. Many of us no longer write checks to pay our own bills. If you are helping a parent or an older loved-one with bill paying, he or she may be resistant to newer methods. Paper checks are familiar to many seniors and make them feel safe. Should you transition your […]

Help Others Help You: Prepare an Inventory

When I opened the door to my client’s apartment, knew I was in for a treasure hunt. Tim was a new client, and I needed to quickly understand his legal and financial situation. He was in a nursing home and unable to communicate. I spent hours looking through his papers for clues. Many of us […]