Protecting your parents from elder fraud

Richard Eisenberg •
Forbes
Protecting Your Parents From Elder Fraud

A growing concern for many people in their 50s or 60s: Will my mom or dad become the victim of elder fraud? Sadly, the chances are pretty good. In fact, at least 20% of older adults have been victims of elder financial abuse, according to the Center for Financial Services Innovation. Scammers are getting more

Read More...


A wealth manager to millionaires says parents who leave their kids money often miss the most important step

Tanza Loudenback •
Business Insider
African young mom listening teen daughter sitting on couch together

Michael Farrell, a wealth manager to millionaires, believes there’s much more to inheritance than handing over money. Farrell is managing director of a wealth management firm whose typical client is worth at least $10 million. “We tend to work with a lot of first-generation wealth creators. They have a bit of a blue-collar mentality about their

Read More...


What do adults see as their parents’ money mistakes?

Daniel B. Kline •
The Motley Fool

At a certain age, many children have to deal with the financial mistakes their parents make. That could mean having to help them out with money, or even having mom and/or dad move in with you. Some families actually plan for that to happen. In other cases, there are limited options given the high cost

Read More...