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How to prevent ageing relatives from making financial mistakes
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Older adults might require the help of grown children and trusted friends to see their financial lives more clearly.
PHOTO ILLUSTRATION: PIXABAY
Paulette Perhach
Ms Jilenne Gunther’s uncle noticed her 91-year-old grandfather never seemed to have as much cash as he should in his wallet. A banker with access to the cash dye packs used to catch bank robbers, her uncle put one in a wallet in their home. When the money went missing, a trusted home care worker had the dye on her coat.
The experience inspired Ms Gunther to dedicate her life to protecting elders from financial fraud, and she is now the director of the BankSafe Initiative at AARP, a non-profit group focused on issues affecting older Americans.
