Blog

The Dangers of Informality

Recently, I learned that the mother of a girl scout in my daughter’s troop was convicted of stealing many thousands of dollars from an elderly man whom she was “helping” pay bills.  This case highlights the dangers of bill paying arrangements that are informal and not transparent. According to the June, 2016 New York State Cost of Financial Exploitation Study, the estimate of yearly losses to elderly victims and investigative costs is more than 1 …

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Help for the Stressed Caregiver

Last week’s New York Times article “Who Will Care for the Caregivers” was written by Dhruv Khullar who is a resident physician at Massachusetts General Hospital and Harvard Medical School.  Dr. Khullar examined the many strains experienced by caregivers who are often caring for aging parents while working and raising families.  Caregivers are often ill-prepared for the complex health tasks that they are expected to undertake.  They are often responsible for managing multiple medications and …

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The Hidden Caregiving Crisis That The Election Won’t Solve

The number of U.S. workers struggling to care for ill or aging loved ones is growing fast. But the support they need isn’t. One in five workers today are caring for aging, disabled, or chronically ill loved ones, according to the AARP. That’s some 26 million people, many of whom are distracted at work, have high rates of absenteeism, and often end up quitting their jobs because they simply can’t do it all. To put that …

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Seniors and fraud

You may have seen the New York Times article, “The Lives and Lies of a Professional Impostor,” on February 4, 2016. The article describes many crimes a scam artist committed including the theft of more than $70,000 using a phony check. How was this done? The victim put a check in the mail to pay a bill and the thief simply took the envelope out of the victim’s mailbox. Using the valid check, the thief …

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Hello from SilverBills

A few years ago, I was visiting my elderly aunt in New York, and she told me that she had to drive to the car dealer to drop off her check. She said that she usually waited for her daughters to visit her from California to help her pay her bills. My aunt’s problem and the problem faced by many thousands of aging Americans seemed small: how to keep up with paying bills on-time and …

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