Elder Finance Exploitation

Dated: 08/17/2016

Views: 368

Johnson City Homes

The FDIC has long been protecting money. You'll be glad to know they also offer advice on how you can protect your money and that of elder loved ones. Today, we look at the FDIC and an educational series they offer to prevent elder financial exploitation. 

On the website, FDIC.gov, the agency offers a wide variety of "Money Smart" financial education programs. Included in the learning are sections on Money Smart programs for Youth, Young Adults, Small Business, and the elderly. Money Smart for Older Adults (MSOA) is an instructor-led training developed jointly by FDIC and the CPFB (Consumer Finance Protection Bureau). The module provides awareness among older adults and their caregivers on how to prevent elder financial exploitation and to encourage advance planning and informed financial decision-making.

FDIC and CFPB offer seven segments covering the following topics:

  • Common Types of Elder Financial Exploitation

  • Scams Targeting Veterans

  • Identity Theft

  • Medical Identity Theft

  • Scams that Target Homeowners

  • Planning for Unexpected Life Events

  • How to Be Financially Prepared for Disasters

If you're interested in the learning materials for the elder finance series, visit the site to download the program at https://www.fdic.gov/consumers/consumer/moneysmart/olderadult.html. We at The Shields Team encourage you to research these great financial programs to help you protect your greatest assets! If we may be of assistance, feel free to contact us at(423) 433-6517, or come by for a visit at our office inside Keller Williams Realty, 1033 Hamilton Place in Johnson City. 

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Rayne Price

Holding a BS in Environmental Science, and MA in Education, real estate was not Shields Team Buyer Specialist Rayne Price's first career choice. It was only after encouragement from his wife and a cl....

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