As the American population continues to age more people are becoming concerned about protecting themselves from financial scams. Diseases like Alzheimer’s can reduce a person’s mental capacity and ability to make decisions. Many people are concerned about having enough assets saved up to support themselves into retirement. As people are living longer more retirement savings might become depleted. Many of the elderly Americans who go back to work after retirement to help supplement their income often do so at a lower wage than what they used to have. It is very important to plan ahead for any sort of unplanned event that might occur in life like losing a job or suffering from a health problem.
See Juliette Fairley, Unscrupulous Guardians Pose Threat To Older Americans, Financial Advisor, July 15, 2015.
Special thanks to Joel Dobris (Professor of Law, UC Davis School of Law) for bringing this article to my attention.
