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You probably know that Medicare cards are changing to help protect your identity. Your new card will have a new Medicare Number that’s unique to you, instead of your Social Security Number. Unfortunately, con artists may still try to steal…

Today the Federal Trade Commission and the Bureau of Consumer Financial Protection posted a joint blog about new federal law provisions regarding credit freezes and “protected consumers.” Now people with certain legal authority can act on someone else’s behalf to…

Understanding undue influence is a core component of advising clients in their advance planning, as well as preventing and spotting elder abuse. Undue influence replaces the will or free choice of the individual with the will or choice of another…

original article: https://www.medscape.com/viewarticle/901169?nlid=124644_4503&src=wnl_dne_180827_mscpedit&uac=66422BV&impID=1722802&faf=1 by Alicia Ault August 24, 2018 Despite years of warnings about the hazards of prescribing benzodiazepines for the elderly, these drugs continue to be used at a higher rate than what is considered appropriate in older Americans…

The American Bar Association Commission on Law and Aging has published a new legislative fact sheet, Guardianship and the Right to Visitation, Communication, and Interaction, which offers assistance regarding the laws surrounding visitation and guardianship, and how to navigate this tricky…

There is no such thing as a risk-free investment. Stocks, bonds, mutual funds and exchange-traded funds can lose value, even their entire value, if market conditions sour. And even conservative, insured investments, such as certificates of deposit (CDs) carry their…

The National Center on Law & Elder Rights has created a helpful and expansive legal resource to outline warnings against and solutions for common scams targeted at older adults. Key Lessons 1. Older adults are targeted for frauds and scams…

The Securities and Exchange Commission (SEC) recently issued an investor alert listing some of the risks associated with using credit cards to buy investments or to fund an investment account. Here are five things to consider before using a credit…

Talking about money is almost always a little bit dicey. But talking about money with an aging parent? That adds another layer of complexity. Follow FINRA’s tips to start the conversation, here. Source: Financial Industry Regulatory Authority

Seniors are at a higher risk to be victims of investment fraud, but with FINRA’s help, you can: 1. Conduct a broker check 2. Fight fraud 3. Protect your identity 4. Report concerns of fraudulent activity Learn how to protect…