Caregivers: How to manage a loved one’s money

The number of retirees is on the rise. Data from the United States Census Bureau points out that, by 2030, there will be 81.2 million Americans over age 65, and many of them will need help taking care of themselves.
Caregiving is a big responsibility.

One crucial role caregivers may take on involves managing a loved one’s finances. AARP states that acting as a money manager becomes especially important if a loved one begins having trouble keeping a checkbook or becomes confused about money.
The Family Caregiver Alliance¨ indicates millions of Americans are managing money or property for a family member or friend who is unable to pay bills or make financial decisions.

To read more, pick up a copy of the November/December issue of LiveIt magazine.