Senior Financial Wellness in the New Year

Written by Evan Farr

Get a jump on some of those financial New Year’s resolutions you’ll be making.  Join us for our Financial Wellness Event on January 14, 2013 from 6-7:30 p.m. RSVP today!

At the start of every year, much attention is given to setting goals and making plans for personal improvement.  Keeping a watchful eye on personal finances is one of the simplest and most important resolutions seniors can make.January marks National Financial Wellness Month.  For seniors, financial wellness involves discovering new ways to budget your resources, achieve financial balance, and develop habits that will help to ensure long-term financial health.During National Financial Wellness Month, the Fairfax Elder Law Firm of Evan H. Farr, P.C. suggests that seniors take the right steps to make sound financial and legal plans for the future.  Below are tips to avoid fraud and protect the money you have worked so hard throughout your life to earn.

  • Review your statements monthly, including credit card, utilities, bank statements, etc.  One of the fastest ways to financial distress is lack of attention to detail. Make sure to track any questionable transactions and contact the appropriate institution immediately.
  • When paying bills online, only use secure sites generally marked with a URL that includes https://, and safety logos that feature a lock or key.

To find out more financial tips for seniors, join us for an event focused on Senior Financial Wellness on January 14 from 6-7:30 and enjoy some fun refreshments!

At our Senior Financial Wellness event, we will discuss: preparing for the unexpected (including ensuring you have a proper power of attorney & living trust in place); ways to protect your life savings from creditor attack and to avoid falling victim to fraud; and ways to plan, track and manage your money, both now and in the future.  Join us for this informative event and you’ll learn how to get a jump on some of those financial New Year’s Resolutions you’ll be making!! RSVP today!

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