THE PROBLEM: A national crisis with seniors losing up to $36 billion a year to financial fraud
Without the right support, individuals suffering from physical or cognitive impairments become prime targets for financial fraud, a very real type of elder abuse.
Studies as recent as 2015 suggest financial fraud among the elderly may cost seniors as much as $36 billion a year. Loss of economic resources can be devastating, and especially post-retirement given the limited if any, replacement income. Financial gerontologists warn of senior economic abuse impacting adult children, and even taxpayers, as much as, if not more so, than the actual fraud victim. With their economic security gone, someone has to provide the food, shelter, and medical care the senior can no longer purchase themselves. Dreams of seeing the world, or sharing a legacy with children and grandchildren, can evaporate without a financial coordinator monitoring bank accounts and assets.
YOUR SOLUTION: Baker Daily Money Management
A Trusted Advocate Protecting Seniors’ Economic Security
Baker DMM was founded by Chris Baker, CPA to specifically deliver financial protection and peace of mind. CPAs like Chris Baker are uniquely qualified to:
- Recognize the right time for financial caregiving
- Identify red flags signaling potential fraud
- Coordinate with various financial professionals to reach mutually beneficial financial goals
- Guide clients toward informed financial decisions
Baker Daily Money Management (Baker DMM) helps protect seniors from financial fraud. By providing reliable financial monitoring, we minimize surprises, offer seniors and their financial caregivers more leisure time, and facilitate calmer interactions between all involved. By maintaining their economic security, seniors are better able to age in place, with dignity and freedom, rather than relying on adult children or government agencies for assistance. Read Our Story; discover Solutions for You, including Who We Help and How We Help; discover our Client Stories; find Answers about financial caregiving such as how to protect an aging relative’s financial health and what working with Baker DMM means; explore our Quick Links for financial and elder care resources; or simply Contact Us right now.
Our Video Digest on YouTube has answers to daily money management challenges 24/7.
Financial Services We Provide
Think forward, live in the moment
A generally healthy, 80-year old man who, although a little forgetful at times, is frequently upset trying to complete daily financial tasks in today’s online banking environment.
A woman in her early 70s loses her husband. She’s forced to take over the finances, despite her reduced mobility and slightly impaired cognitive function due to early stage Parkinson’s disease.
A stroke survivor in his mid-60s insists on managing his own finances, notwithstanding his short-term memory loss and increasing inability to remember conversational topics.
Baker Daily Money Management is your economic first responder...
... guarding against theft, reducing exposure to financial fraud, and protecting family assets. Our clients hire us on their terms, for limited or extensive services. As their financial advocate, our clients invite us into their homes or join us in our offices to assist them with everything from mail review to bill paying to long-term financial decision making. We’ll design your financial caregiving plan according to a proven, reliable process then flex it to meet your specific needs.
