Caregiving duties can overwhelm even the most well-intentioned relative or friend. These are caregiver resources to help older adults manage money. Organizations and workshops listed here are reliable, accurate and trustworthy. Use them with peace of mind that they have the best interests of you and the person you care for at heart. And remember to take the Family & Friends Questionnaire whenever you have concerns about the financial decisions of someone in your care.
Groups and websites you can trust to help with caregiver needs:
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Be aware of the latest scams targeting older adults so you can warn vulnerable persons in your care:
- Protecting Finances During COVID-19 Outbreak
- Coronavirus Scams: Targeting the Vulnerable
- Romance Scams Steal $200 Million in 2019
- Scammers Pretend to be Federal Trade Commission
- Social Security’s Not Trying to Take your Benefits
- Medicare does not give out DNA kits
- Worshipers targeted by gift card scam
- SSA imposters top IRS in consumer loss reports
Sign up to see the latest scams identified by the Federal Trade Commission: FTC Scam Alert Page
Consumer Protection: Are you a consumer who’s been taken advantage of? Would you like a professional to investigate your case? Visit The Fearless Consumer to lodge your complaint and read eye-opening cases from investigative reporter and consumer advocate Barbara Nordin.
Have a question about the financial victimization of older adults?
Message us on Facebook or visit our Facebook feed to hear what other informal caregivers and experts have to share on the topic.
Need a Professional Evaluation?
If you are concerned about the financial decision-making of an older adult in your care, consider asking your physician, social worker or financial advisor to conduct an assessment. OlderAdultNestEgg.com provides three free interview and assessment tools professionals can use to determine the financial decision-making abilities of older adults. A quick training is required before administering the online assessments. Trainings, certification and assessments are free.
Use this sample letter to ask your trusted professionals to administer the OlderAdultNestEgg.com tool to screen the older adult in your care. It explains Older Adult Nest Egg’s evidence-based, financial decision-making evaluations and why they are an excellent choice for determining financial capacity.
News & Recommended Reading
Explore topics of special interest to caregivers. From how to prevent the latest scams and frauds to thoughtfully manage the many responsibilities of caregiving, these quality resources can help.
Books & Publications
Free Education & Counseling
Successful Aging thru Financial Empowerment (SAFE) is a free program serving older adults and caregivers across southeast Michigan. Older Adults Nest Egg partners with SAFE to provide educational workshops for caregivers on how to manage finances, spot and prevent scams and handle other financial challenges.
If you are a fraud victim or the caregiver of a victim, and you live in southeast Michigan, SAFE counselors can help. One-on-one sessions will help you file police reports, restore identity and recover funds. Contact SAFE Director LaToya Hall at 313-664-2608 to learn more or to set up an appointment.
How to Spot a Debt Collection Scam (Consumer Financial Protection Bureau)