Choose the Right Finanical Planner

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It’s been said that the three most important choices you make in life are your spouse, your career, and your financial planner. Since you may have long since chosen your spouse and your career, you may be more interested at this point in choosing the right financial planner. Right planners are the opposite of wrong […]

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Residential Care Facilities for the Elderly

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As people age, many find themselves needing help with routine types of care – getting dressed, bathing, preparing meals or keeping the household clean. Although many older adults either rely on family members or friends or hire at-home care providers, others move to Residential-Care Facilities for the Elderly or RCFEs. California law defines RCFEs as […]

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Hiring Household Workers

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Question: The person I just hired to provide in-home care was referred by an agency. Since I’ll pay her directly, will I need to make payroll deductions? Answer: California law says the person hiring the household worker becomes the employer if the employment agency’s only involvement is employee placement. So people who hire caretakers, domestic […]

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Making Sense of the Census

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Remember to return your Census 2010 questionnaire! You may be wondering:  Does it really matter if I mail my answers back?    The answer is: Yes, it matters! According to the Leadership Conference on Civil and Human Rights, Census 2010 information will provide government representatives with helpful information to: Forecast the number of people entitled to […]

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Elder Financial Abuse: A 21st Century Crime

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Financial abuse of seniors – the improper or illegal use of an elder person’s resources – seems to be growing at an alarming rate. Due to lack of awareness, a fear of retaliation and the loss of personal independence, most elder abuse victims do not report what occurred. Should the truth finally get out, many […]

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Elder Financial Abuse Continues to Escalate

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Elder financial abuse is very much on the rise. According to the National Council on Aging, between one and two million Americans age 65 and above have been injured, exploited or otherwise mistreated by someone on whom they depend for care or protection – including both family members and friends. All employees of banks and […]

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Protect Yourself — Ten Terrific Tips

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We’ve gathered 10 tips for protecting yourself and your privacy from those nasty folks trying to grab your savings. 1. Do Not Call Registry Avoid telemarketers by signing up with the national Do Not Call Registry, run by the Federal Trade Commission. You can register cell phones and home phones (but not business lines) by […]

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Is Long-Term Care Insurance Right for You?

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Many seniors mistakenly believe that Medicare will cover most of their future health care costs. Unfortunately, Medicare coverage for long-term care is very limited. For example, should a Medicare recipient require skilled nursing home care after undergoing surgery, Medicare’s coverage will not exceed 100 days. Long-term care (LTC) refers to custodial or personal care received […]

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Reverse Mortgage: What’s It Really All About?

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These days, because the costs of living seem to be higher than ever before, a record number of senior homeowners are considering reverse mortgage loans that convert their home equity into available income. Although reverse mortgages may provide an affordable way to obtain needed funds, they can sometimes turn out to be much more expensive […]

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Keep Your Social Security Number Secure

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Question: I always thought that my Social Security Number was my most acceptable ID.  Why do I often see it printed with “Xs” in place of the first 5 numbers? Answer: Although SSNs continue to be very acceptable forms of identification, they are neither as confidential nor as private as they once were. The first […]

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Telemarketers: Don’t Call Me!

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Question: What can I do to protect myself from those pesky telemarketers? Answer: It seems that more and more businesses are trying to sell products, and charities are seeking donations, by telephoning people at home. Seniors, who are no longer employed and spend more time alone, are definitely being sought out by these telemarketers. Luckily, […]

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Who Will Manage My Finances?

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Hopefully, you’ll always be able to handle your own assets and finances. If, however, you became incapacitated, how would your assets and finances be managed? What about your home? Your IRA? Your bank accounts? Depositing your checks? Arranging and paying for home care? Paying your bills? Filing and paying your taxes? For most people, a […]

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Organize Your Important Information

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Two questions for you: If you became ill and couldn’t handle you financial affairs, would someone else have the information needed to help you? When you die, will someone else know where to find your important documents, instructions and assets? Of course, for your benefit and to help other people help you, the answer to […]

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Medicare Fraud is on the Rise

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Be on the look-out! Medicare seems to be sending an increasing number of written statements indicating services from doctors the patients never heard of, and certainly never met. Although such billings can usually be explained as valid and correct, there is no question that Medicare fraud is on the rise. A Medicare Summary Notice or […]

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Is That Contractor on the Level?

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With the home real estate market in such turmoil in California, many homeowners, especially seniors, are considering staying in their homes and making home improvements and repairs. This can make the homeowner vulnerable to unscrupulous scammers and contractors in search of a quick buck. How can you protect yourself? Be aware, anyone performing home improvement […]

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Better Snoopy Than Sorry

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Here’s the situation: You haven’t seen your elderly neighbor lately, but people you’ve never seen before are coming and going from her home. You don’t want to be “snoopy,” but you are concerned. What should you do? Your neighbor may be just fine (with family and friends visiting and keeping her busy). Or she may […]

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Think Twice (or More) Before Giving Away Your Home

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Many people, as they grow older, consider giving away their homes during their lifetimes. We call this a “lifetime transfer” and contrast it with a transfer to heirs that becomes effective at death. When thinking about a lifetime transfer of their homes, people often consider things like avoiding probate, having someone else take responsibility for […]

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