Financial planning is a daunting topic whether you are planning for your own future, or trying to help an aging family member or friend.
The Consumer Financial Protection Bureau (CFPB) and U.S. Securities and Exchange Commission (SEC) have created the Consumer Advisory and Investor Bulletin to explain what “diminished financial capacity” is, and how to best prepare for your financial future.
The Bulletin elaborates on such topics as:
— What is diminished financial capacity?
— Preparing for Your Own Financial Future: Hope for the Best, But Plan for the Worst.
— Helping Others Who May Have Diminished Financial Capacity
— How To Report Suspected Elder Abuse
— How To Submit a Complaint with the CFPB
For more information, read Financial Protection for Older Americans (CFPB) to learn what factors make you vulnerable, and the resources available for your protection.