Financial Organizing & Beyond: Benefits of a Daily Money Manager

Financial Organizing & Beyond: Benefits of a Daily Money Manager by Peter Gordon{2:05  minutes to read} About six months ago, I was referred by an attorney to Sally and Judy. Their parents are on Community Medicaid, and their bills must be paid through a pooled trust. The reason the attorney referred me to Sally and Judy is because they needed some help with the process of dealing with the trust. Continue reading

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Tax Season is Here!

Tax Season is Here! by Peter Gordon{1:30 minutes to read} A new year is upon us, which means that tax time is on the horizon. So many people leave their planning to the last minute, then scramble to find deductions before the April 15th deadline.

At New York Financial Organizers, we organize our clients’ tax information every month of the year. All checking, saving, and credit card accounts are downloaded and categorized in Quickbooks or Quicken. These are reviewed with our clients enabling us to see how much money is coming in, how much is being spent and where it’s going. This makes budgeting an easy process. Continue reading

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The Affordable “Family Office”

The Affordable “Family Office” by Peter Gordon{3:00 minutes to read} Recently, I was referred by an attorney to a prospective client, Jane. She is helping her parents, who are both in their 90’s and live in an assisted living apartment. Jane coordinates their healthcare needs and pays their bills. Recently, her attorney applied for, and received, Community Medicaid. When receiving Community Medicaid you’re required to pay all the bills through a Pooled Income Trust, and while not exceedingly difficult, it involves a lot of bookkeeping and knowledge of the rules. Continue reading

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How Can a CSA Help Seniors and Their Families?

How Can a CSA Help Seniors and Their Families? by Peter Gordon{2:45 minutes to read} I began New York Financial Organizers in January of 2015. During the previous four months, I explored the world of geriatric services, joining a wonderful organization, the Orion Research Group, as an exploratory member. Many other members suggested that I become a Certified Senior Advisor (CSA). Continue reading

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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

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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

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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

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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

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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

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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

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