The best course in dealing with elder financial abuse is to prevent it. There are a variety of ways you might assist elderly people in addressing their financial lives to reduce the chance of their being financially exploited.
![Steps You Can Take to Help Prevent Elder Financial Abuse](https://searcyfinancial.com/wp-content/uploads/2024/03/ElderHelp.jpg)
The best course in dealing with elder financial abuse is to prevent it. There are a variety of ways you might assist elderly people in addressing their financial lives to reduce the chance of their being financially exploited.
Elders who are able can protect themselves. Share these tips with elders in your life so they might become active participants in watching out for themselves.
By Marc C. Shaffer
As I was chatting with my mentor one day, he tells me there’s a great guy he wants me to meet and his name is Marc Shaffer. Well, that’s me, of course. I had him explain and he told me I was too busy focusing on one thing and all of my energy, my time and my passion was being exhausted in that one area.
I wasn’t spending time with myself, I wasn’t letting myself contemplate what was beyond that singular area of focus, and if I continued along that path, I might end up having done one great thing in my life at the expense of knowing myself and growing in other areas.
Luckily, I had someone in my life who could recognize this behavior and keep me accountable to living a full and diverse life.
Do you have someone in your life keeping you accountable to the things you say you want to accomplish?
By Michael J. Searcy
I have been fortunate to have the freedom of choice in my life and it has steered me through a life I enjoyed. I chose a place to settle down and start my own financial planning and wealth management firm, and I was happy both professionally and personally.
Until I wasn’t.
Now, that might sound like I had reached a negative spot in my life, but in reality, I had just reached a point where I was ready to pivot.
By Michael J. Searcy
Are you limiting your investment success by letting emotions about market volatility control your decisions? We know that you’re more likely to find success, however you define it, if you have a plan in place. Your plan needs a defined purpose and vision, corresponding goals, and a timeline for measurement. But it’s not enough to just have a plan, you also have to trust your plan. When emotions take over, they can quickly steer you off course. That doesn’t mean prudent changes can’t or won’t be made along the way to your goal, but without discipline, you may as well throw your plan out the window or not bother making one at all.
This year has already taken us through some market ups and downs. After months of relative calm, extreme movement in the market can lead to confusion. Fluctuations can be unnerving and it’s very normal to have anxiety, especially when headlines are shouting doomsday predictions to get more attention. Understanding the potential causes of the volatility and having steps in place to get through the fluctuation can help ease your anxieties.
When building a financial strategy, we work hard to create an approach that plans for your longevity and allows you to live a satisfying life. But beyond helping clients prepare for a longer retirement, we are focused on addressing a key goal: Managing emotional reactions.
For many investors, the market’s inevitable fluctuations can make investing feel like an emotional roller coaster. However, letting erratic, short-term market movements create anxiety can lead to detrimental financial decisions.
Charity. It’s just a 3-syllable word, but it reaffirms the deeper side of the human heart: its innate desire to sacrifice for love’s sake, its selfless acts of improving the lives of others, and its humble expressions of caring and compassion. This is where life ought to begin.
In his first inaugural address, President Abraham Lincoln referred to that intrinsic drive in each of us to connect and to bond with others: “The mystic chords of memory will swell when again touched, as surely they will be, by the better angels of our nature.”
We are committed to the security of your data, and carefully review our internal protocols and those of our vendor partners for this purpose. Several years ago, we migrated away from having any data on a local server. Everything we now use is a cloud-based system that...
By Jessica A. Kmetty
As much as we try to plan for life, we know it’s not always going to be rosy. Back in 2009, I was going through heavy personal “junk.” As I was discussing some issues with my pastor’s wife, I mentioned that I was worried some of the things I had dreamed of for my future were slipping through my fingers. As strange as it sounded, I said I felt like I was mourning the loss of my dreams and she looked at me, patted me on the shoulder, and said those feelings were not strange and I absolutely was mourning a loss.
While much of the political fire and fury from Congress’ tax plan debate has settled, some of the economic smoke still lingers as financial analysts and private investors plot their way through the new $1.4 trillion law’s long-range ramifications.
President Donald Trump signed the historic tax bill into law December 22 following a firestorm of partisan exchanges in the last few weeks that painted near apocalyptic visions if the bill either passed or failed. Republican pundits hail the sweeping tax bill as Trump’s first major legislative victory in office.
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