Tag Archives: financial

Protecting the Elderly from Financial Abuse

A Hartford elder law attorney can provide help to seniors and to family members of those who are getting older. As seniors age, they often become the target of scammers who attempt to take advantage of them financially.  Seniors could be victimized by strangers who perpetrate unlawful schemes and target vulnerable elderly people. Older Connecticut [ ] The post Protecting the Elderly from Financial Abuse appeared first on Nirenstein, Horowitz & Associates P.C..


Why You Shouldn’t Borrow Against a Retirement Plan

A financial planning lawyer at Nirenstein, Horowitz & Associates can provide you with help in understanding your options for saving for retirement. We assist you with setting goals so you can save enough to achieve financial security during your golden years. We also help you to take steps to understand the different tax-advantaged retirement accounts [ ] The post Why You Shouldn t Borrow Against a Retirement Plan appeared first on Nirenstein, Horowitz & Associates P.C..

True Link Financial: Elder Financial Abuse Losses Reach $36.5 Billion Annually

Sometimes you have to confront unpleasant realities head-on if you want to avoid victimization. There are certain subjects that people prefer not to talk about, and while this is understandable on one level, the shadowy approach can help to feed the problem. This can enter the picture when it comes to elder financial abuse. There is a perfect storm that nefarious types often take advantage of when it comes to senior citizens. Over time, you can accumulate a significant nest egg, and senior citizens often have very good credit. As we all know, memory loss can enter the picture when you reach an advanced age, and many elders require help with their day-to-day needs. When you put all this together, you have a segment of the population that is vulnerable to financial predators and opportunists. New Research Traditionally, this problem has not been adequately researched, and there is a good reason for this. The New York State Elder Abuse Prevalence Study found that only one out of every 44