New Consumer Brochure from National Reverse Mortgage Lenders Association Helps Seniors Spot and Stop Financial Abuse

June 19, 2018  
Filed under Money, News

The National Reverse Mortgage Lenders Association is proud to participate in World Elder Abuse Awareness Day today with the release of a new consumer brochure, Recognize & Report Elder Financial Abuse.  The free tri-fold brochure, available for download from NRMLA’s consumer education website athttps://www.reversemortgage.org/ReportFraud, helps seniors, and their loved ones, avoid common scams, spot signs of elder fraud and exploitation, and stop and report wrongdoing.

“As professionals who serve older homeowners, we have a special responsibility to ensure the safety and fair treatment of seniors,” said NRMLA Executive Vice President Steve Irwin. “NRMLA’s new brochure, which we encourage all members to print and share widely, is another example of our work to raise awareness about the increasing number of financial crimes perpetrated against seniors and steps we can all take to report mistreatment.”

Each year, an estimated five million, or one in ten, older Americans are victims of elder abuse, neglect or exploitation. According to the National Center on Elder Abuse, the annual financial loss by victims of elder financial exploitation was estimated to be $2.9 billion in 2009, a 12 percent increase from 2008.

Common signs highlighted in NRMLA’s Recognize & Report Elder Financial Abuse brochure include unpaid bills, eviction notices, or notices to discontinue utilities; withdrawals from bank accounts or transfers between accounts that the older person cannot explain; new “best friends;” legal documents, such as powers of attorney, which the older person didn’t understand at the time he or she signed them; and a caregiver who expresses excessive interest in the amount of money being spent on the older person.

If the situation appears threatening or dangerous, NRMLA advises readers to call 911 or the local police for immediate help.

World Elder Abuse Awareness Day was launched on June 15, 2006 by the International Network for the Prevention of Elder Abuse and the World Health Organization at the United Nations. WEAAD aims to provide an opportunity for communities around the world to promote a better understanding of abuse and neglect of older persons by raising awareness of the cultural, social, economic, and demographic processes affecting elder abuse and neglect.

 

A 3-Point Check-Up for Your Retirement Plan

June 14, 2018  
Filed under Money

By Pamela Yellen

Your financial goals and objectives have likely changed dramatically since you started a retirement account like a 401(k) or IRA. Now is a good time to put your retirement plan through a 3-point checkup to see if it still makes sense: Read more

4 Common Retirement  Planning Mistakes

June 14, 2018  
Filed under Aging Parents, Health & Wellness, Money

And How to Avoid Them

Constructing a smart retirement income plan isn’t easy. Throughout the working years there are many factors to consider, such as salary, expenses – monthly and unforeseen – debt and college for the kids, just to name a few. Read more

Burlington Edible History Tour 2018 Season Opens June 14

May 31, 2018  
Filed under Food, Money, News

Burlington Edible History tours, rated five stars on Trip Advisor, begin June 14 for its fourth full season.

 

Over a 1.5-mile walk, participants discover the local history and food traditions of 11 immigrant groups that built Burlington: Abenaki, African Americans, French Canadians, Germans, Greeks, Irish, Italians, Chinese, Jews, Lebanese, and Yankees.

 

Tour groups sample food at five restaurants that serve local foods. This year we are delighted to welcome two new restaurants – The Gryphon and Deli 126. They join Penny Cluse, Sugarsnap Catering at ECHO, and Monarch and the Milkweed at Maglianero.

The Gryphon is located in the first Hotel Vermont, once Burlington’s largest and most prestigious hotel, and the Deli 126 is a New York-style deli combined with a 1920s style jazz cocktail lounge.

Deli 126 Bar General Manager Emily Morton enthuses, “We are a great match with Burlington Edible History. We’re both excited to let people experience our local food and drink history. Elise and Gail discovered the existence of the Good Templars and Vermont Anti-Saloon League offices on this block and the next, two groups that pushed to prohibit the sale of liquor.”

 

Tours run Thursdays, Fridays, and Saturdays, 1:00 – 4:15pm, through October 13. Tickets must be purchased in advance through Seven Days Tickets via their website at www.sevendaystickets.com or through the Tour’s website at www.burlingtonediblehistory.com.

 

The tour donates 10% of profits to New Farms for New Americans to help new immigrants and refugees stay connected to their culinary traditions. Burlington Edible History Tour is the only Vermont destination in the tourism blog Roaming the Americas on “How to Support Immigrants and Refugees Through Travel in the United States.”

 

 

 

 

 

 

 

 

My Relatives Fell For This New Scam: Be On the Lookout!

February 13, 2018  
Filed under Money, News

By Ismat Mangla

 

I recently learned about a nasty new scam making the rounds while visiting older relatives in Michigan during the holidays. Read more

How To Protect Yourself From Holiday Season Charity Scams

December 18, 2017  
Filed under Aging Parents, Money

By Justin Lavelle
The holiday season is a time for giving and most charities are working double time to get a piece of the donation pie. Unfortunately, the holiday season is also a prime time for scam artists to get to work and separate you from your hard Read more

Four Ways Baby Boomers Can Avoid Going Bust

December 18, 2017  
Filed under Money

On Their Kids’ Student Loan Debt

Crushing student loan debt is usually thought to be the younger generation’s problem. But more and more, with graduates unable to handle it on their own, mountains of student loans are becoming mom and dad’s albatross, as well. Read more

What Collection Agencies Can And Cannot Do

October 19, 2017  
Filed under Money

It can be frustrating and scary to fall behind in payments on your credit card or other accounts. When the calls from collection agencies start, it adds a new level of stress. Don’t panic. Take a deep breath, learn about what collection agencies can and can’t do, and work to resolve your issues. Read more

AARP Vermont Tax-Aide Program Seeks New Volunteers

September 21, 2017  
Filed under Money, News

Training Scheduled for Oct. 23-24

 

BURLINGTON, VT, September 20, 2017– You could help your neighbors and

members of your community in Chittenden, Addison and Franklin Counties with

their tax returns …all it takes is a commitment and some training. Each year from

the first of February through mid April, AARP Tax-Aide volunteers help prepare

federal and state tax returns for low and middle income taxpayers with special

attention to those 60 and older. AARP Tax-Aide, the nation’s largest free

volunteer-run tax counseling and preparation service, is seeking volunteers to

assist in tax preparation. Volunteers of all backgrounds are welcome and some

computer skills are an extra bonus. You do not need to be an AARP member nor a retiree.

No prior experience in tax preparation is necessary and volunteers of all ages are welcome.

Volunteers are needed not only to calculate taxes, but to greet taxpayers to keep the site

running smoothly. Tax counselors receive free tax training and become IRS certified by passing the

IRS exam. They help residents one-on-one at tax sites in their own communities

across Vermont. It’s a great way to meet new people, learn new skills and help

others in your community.

 

You’re invited ….

A special information and introductory training session is scheduled for October

23-23, 2017 at the AARP Offices at 199 Main Street, Suite 225 in Burlington.

Participants will learn how to use computers to prepare federal and state tax

returns. Sessions will run from 9:30 AM to 3:30 PM. To register or for more

information, please email Dominic Di Cicco at domdi@yahoo.com or call 802-

878-8091. Or, for more information on how you can join the AARP Tax-Aide

Program, you can also visit our web site at www.aarp.org/money/taxaide/. To

register as a volunteer for AARP-Tax Aide you can start and register on-line at

www.aarp.org/apps/Volunteer_with_AARP_Tax_Aide/.

 

Tax-Aide volunteers are asked to give a minimum commitment of at least one four-hour

shift per week from February 1 through April 15 at a site close to home.

Nationwide, more than 35,000 Tax Aide volunteers serve about 2.6 million

taxpayers annually. Last year in Vermont, some 170 AARP Tax-Aide volunteers

helped more than 6,300 Vermont taxpayers at sites across the state.

The AARP Tax-Aide program is a wonderful resource for the American taxpayer.

AARP Tax-Aide volunteers get a great deal of satisfaction from helping people

deal with the challenges of preparing their tax forms. If you want to help yourself

and others with their tax returns, this is the program for you.

Keeping Seniors’ Money Safe

July 24, 2017  
Filed under Money

Tori and Wanda in the truck CMYK By Victoria Lloyd

Did you know people over 50 years old hold 70 percent of our nation’s wealth? This wealth represents the hard work and savings of the baby boomers. It also provides the unscrupulous with an opportunity to part you or your parents from their wealth. Financial exploitation is a significant problem, with recent estimates indicating that seniors nationwide are losing more than $36 billion each year to this crime. Read more

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