If you want to age in place, your home will likely need modifications to allow you to remain there as long as possible. However, successfully aging in place requires more than just a first-floor bathroom and bedroom, wide doors, entrance ramps and other accessibility features.
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How Financial Care Is Part of Aging in Place
Topics: Gerontology/Aging Potential Partners for Advisors
6 min read
How Your Risk of Financial Exploitation Increases as You Age
You know that you can expect to be at an increased risk of health issues as you age. However, what you might not realize is that aging puts you at a greater risk of another issue: financial exploitation.
In fact, the rate at which adults over the age of 60 can expect to experience financial exploitation—1 in 20—is higher than the incidence of many age-related diseases, according to research published in The Journals of Gerontology. And that’s likely an underestimate of the problem because, according to the report, “many older adults are unaware or unwilling to report exploitation.”