We appreciate you taking the time to review our 3rd Quarter newsletter about financial protection, and hope that you are doing well.
Did you know…
Nursing Homes and Thefts
Thousands of residents in U.S. nursing homes and other long-term care institutions for the aged and disabled have had their personal savings raided or mismanaged after relying on the facilities to safeguard the money in special trust fund accounts, a USA TODAY investigation shows.
These trust funds, which most long-term care providers are required to maintain for residents who request that the facility handle their money, are supposed to work like conventional bank accounts, with accrued interest, regular statements and reliable oversight. But USA TODAY found more than 1,500 recent cases in which nursing homes have been cited by state and federal regulators for mishandling the funds. You can read more here.
How this may affect you or someone you love: By hiring a daily money manager you will ensure that you or your loved one’s financial protection through their accounts being regularly monitored and reviewed, which will help prevent unauthorized financial fraud and elder abuse. For more information on how we can help you or your loved one, contact us today at 678.828.4314.
Tip of the day…
Do you need an extended warranty?
Retailers now offer extended warranties and financial protection plans on a wide range of products. Frequently, these warranties are offered during checkout, which does not give you enough time to examine the terms and carefully consider the potential benefit. The following tips are designed to help you make an informed decision when considering an extended warranty:
- Many products come with a Manufacturer’s warranty.
- Your credit card company may already offer additional protection.
- Consider the cost of the warranty versus the potential benefit.
- Consider the benefit of a warranty when purchasing used products.
- What does the extended warranty cover?
Sources: Legal Shield, Issue 1, Volume 5, November 2015
It’s good to laugh…
When you hit a new personal record…
It’s good to smile…
And it’s good to keep things in perspective…
“It may be hard for an egg to turn into a bird: it would be a jolly sight harder for it to learn to fly while remaining an egg. We are like eggs at present. And you cannot go on indefinitely being just an ordinary, decent egg. We must be hatched or go bad.”
CS Lewis 1898 – 1963
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