Protect Yourself From Financial Fraud

Protect Yourself From Financial Fraud by Peter Gordon{2:35 minutes to read} I have a client with cognitive loss who has had difficulty organizing his financial paperwork. One of the projects I’ve been working on for him is re-creating his 2015-2016 taxes. In doing this, I discovered a check he wrote for $15,000 to Wells Fargo. He has no account with Wells Fargo, doesn’t remember writing the check and had no clue as to what the money might be for. Continue reading

Posted in Bill Paying, Online Record Keeping | Tagged , , , , , , , , | Leave a comment

Meditation Tips: Helping You Live a Better Life

Meditation Tips: Helping You Live a Better Life by Peter Gordon{2:20 minutes to read} As a Daily Money Manager, I work closely with my clients and develop relationships that transcend paying bills. I’d like to share how I helped one client in a way that might be beneficial to you or someone you know, too. Continue reading

Posted in General | Tagged , , , | Leave a comment

Don’t Go Postal! Protect Yourself From Postal Scams

Don’t Go Postal! Protect Yourself From Postal Scams by Peter Gordon{2 minutes to read} A notice flashing across the electronic bulletin board of my mother’s building the other day caught my attention. The author of that notice stated that he had mailed payments for bills at a mailbox on Broadway and East 10th Street and that those envelopes were literally fished out of the mailbox.   Continue reading

Posted in Bill Paying, General | Tagged , , , , , , , , , | Leave a comment

Not All Professionals Are Created Equal

Not All Professionals Are Created Equal by Peter Gordon{2:45 minutes to read} I recently met with a referral to discuss their financial organization. My routine is to always ask if someone has a will, a health proxy, and a power of attorney. She replied that she did, but that she had never paid the attorney for it. Continue reading

Posted in General | Tagged , , , , , , , , | Leave a comment

3 Components to Review in Long-term Care Insurance Policies

3 Components to Review in Long-term Care Insurance PoliciesI pride myself on having a network of experts that I can turn to when clients have issues in areas I am not familiar with. In order to share this information with others, I will be posting guest blogs from colleagues. The first one is from Barbara A. Brody, a Specialist in Medical Management and Health Care Solutions (www.BarbaraBrody.com). Continue reading

Posted in Medical Insurance Issues | Tagged , , , , , | Leave a comment

3 Crucial Estate Planning Documents

3 Crucial Estate Planning Documents by Peter Gordon{4:40 minutes to read} Why should you have a living will, healthcare proxy, and power of attorney?

People are living longer and enjoying fuller lives. However, it is possible that because of a sudden illness or injury, you may be unable to talk to a doctor to make decisions about your treatment or direct your financial decisions. To plan in advance, it is important to prepare a few simple legal forms. Continue reading

Posted in General | Tagged , , , , , , | Leave a comment

The Benefits of Community Medicaid for Seniors Who Want to Age in Place

The Benefits of Community Medicaid for Seniors Who Want to Age in Place by Peter Gordon{2:30 minutes to read} I learned about Community Medicaid through a personal experience. A few years back, my mother had a hip replacement. At that time the doctor said the other hip would need to be replaced within a year. We assumed that everything would go according to schedule and mom would be up and walking again in the not-so-distant future. Continue reading

Posted in Financial Organization, Medical Insurance Issues | Tagged , , , , , , , , | Leave a comment

Top Tips to Prepare for Tax Season!

Top Tips to Prepare for Tax Season! by Peter Gordon{1:30 minutes to read} Tax day is drawing near. For our clients, we ensure their tax information is properly organized throughout the year so that when we prepare their tax information report, everything is properly categorized. With this done, we pass their report over to their individual accountants, making it a much more efficient process and often resulting in lower accounting bills. Continue reading

Posted in Financial Organization, Taxes | Tagged , , , , , , | Leave a comment

Do You Have Medical Billing Headaches?

Do You Have Medical Billing Headaches? by Peter Gordon{3 minutes to read} I was recently referred to a friend’s colleague. His mother was recovering from a stroke and was receiving incredibly high medical bills. His father was overwhelmed by the volume of invoices and insurance claims, and the son was too busy to help.

I went to see the couple—Harry is 86 and Betty is 83—to get the details and determine if I could be of help. Apparently, Betty suffered a stroke while in an exercise class at the Y. She had to be medevaced to the hospital—because when you have a stroke, time is of the essence. Continue reading

Posted in Bill Paying, Financial Organization, Medical Insurance Issues | Tagged , , , , , , , , , | Leave a comment

Do You Know Where Your Money Goes?

Do You Know Where Your Money Goes? by Peter Gordon

{2 minutes to read} One of the most powerful tools we use to help our senior clients is a monthly cash flow report. This monthly report allows clients to see if there’s a surplus or deficit and and if there’s a need to transfer money from savings into checking. The contents of the report include:

  • All income sources—where their money is coming from;
  • Expense categories—where their money is going; and
  • How much money is left at the end of the month.

Continue reading

Posted in Bill Paying, Financial Organization, Online Record Keeping | Tagged , , , , , | Leave a comment