Guarding Elder Finances: Practical Steps to Prevent Family Mistakes
TL;DR Summary
Americans over 70 control about $53 trillion in wealth and are prime targets for financial scams; the article urges empathetic, proactive engagement with aging relatives, due diligence, and outside help—such as AARP's BankSafe Initiative—to prevent financial missteps, while noting that family dynamics can both aid and impede timely interventions.
How to Prevent Aging Parents and Relatives From Making Financial Mistakes The New York Times
Reading Insights
Total Reads
0
Unique Readers
8
Time Saved
1 min
vs 2 min read
Condensed
80%
251 → 49 words
Want the full story? Read the original article
Read on The New York Times