As an estimated 40 million baby boomers retire over the next 15 years, the demand for personal financial advice will increase. Seniors needing to stretch limited resources as well as those seeking to preserve their children’s and grandchildren’s legacy will seek trusted financial advice.
As is often the case, even though elderly parents frequently, and willingly, rely on their adult children for assistance, they’re often resistant to discuss financial matters, even with their 50-year old kids! It always seems when it’s time to talk about money or make long-term financial decisions, something delays or prohibits these conversations.
Baker DMM gently and respectfully helps to take down this wall with sensible financial advice for seniors, honed from years of assisting individuals and their caregivers protect the financial health of their loved ones.
The need for financial advice might build slowly or arise quickly and unexpectedly: a new pattern of late payments or bounced checks; a sudden diagnosis requiring in-home nursing care; an inevitable move into an assisted-living facility. In any of these cases, either immediately or eventually, families may seek financial advice to help navigate these challenges.
If you’re one of these family members thrust abruptly into providing elderly care, Baker DMM encourages you to choose a prudent financial professional whose communication style, ethics, and approach to problem-solving align with your values. Why? Because discussing financial matters demands mutual trust and respect for an open exchange of highly personal information.
What types of financial decisions might senior citizens and family caregivers face? Baker DMM’s clients often seek personal financial advice about all sorts of topics. These topics range from discussing how to fund long-term care, to managing intimidating health care bills, to updating estate documents to protect assets. An unexpected crisis—maybe a fall or auto accident—could create a need to make immediate financial decisions without time to consider one’s options.
Selecting a daily money manager for your elderly parents or a senior citizen relative is as important as choosing their doctor or lawyer. Inaccurate or irresponsible financial advice can be as potentially catastrophic as incorrect medical information. Choose wisely. Call Baker DMM, let’s see how well we’ll work together.
“Baker DMM provided me with a comprehensive look at my personal financial situation. Establishing a budget and receiving their monthly financial reports were invaluable to me. I now have a concrete plan for managing my cash-flow more efficiently and will be able to better handle my personal finances moving forward.”
Commercial Real Estate Services
“Baker DMM has been a tremendous resource in helping us organize our financial affairs, think about our long-term goals, and move in the right direction to achieve those goals. We are very grateful to Baker DMM. Chris Baker is a fair, honest, and diligent professional and who always made himself readily available if we had questions. We will continue to recommend Baker DMM to family and friends.”
Senior Consultant at Vaco Resources
“Baker DMM took the time to clearly understand what I was looking for. They were right on target with the following: 1.) Understanding my needs 2.) Making sure I knew what to expect during the engagement 3.) Being on-time completing the project 4.) Above all, they followed up with me to make sure they completed the work to my satisfaction and explained and presented the completed work to me.”
Vice President, Financial Services
“I have had a professional working relationship with Chris for the past 5 years. He is a person of unquestionable integrity who is dedicated to producing quality work while maintaining a professional, yet personable, relationship with clients.”
Compliance Manager, Bluelinx Holdings, Inc.