Tag: health
The brief’s key findings are: Retirees with dementia need help managing their money to prevent mistakes, fraud, and abuse. One source of help is Social Security’s Representative Payee Program, which allows a designated person to receive and manage a retiree’s benefit check. Among people over age 70 with dementia, only 9 percent have a pay…
The brief’s key findings are: Most people in their 70s and 80s can still manage their money, as financial capacity relies on accumulated knowledge, which largely stays intact with age. However, financial novices who lack such knowledge and are forced to take over money management after a spouse dies will likely need help. And individuals…
