Planning for the Unexpected
A driver's license, SS card, passport
What are Important Documents?
Deposits from Wages, Social Security, IRA, Retirement
What is an Income Source?
I MUST pay with a Pre-Paid Debit Card.
What is a Scam?
If it is too good to be true, this is probably ______.
What is A Scam?
Depriving an older person access to their own assets
What is Elder Financial Abuse/Exploitation?
Place to store things in a bank
What is a Safe Deposit Box?
Money received after withholding for taxes and Medicare (FICA)
What is Net Income?
Equifax, Experian, and TransUnion
What are Credit Reporting Agencies?
Agency that provides bank deposit insurance for depositors.
What is FDIC? (Federal Deposit Insurance Corp)
An example of elder abuse
(multiple possibilities) What is using their assets for yourself, physical harm, withholding food or medications...?
A person who will receive your death benefits
Who is your Beneficiary?
Eliminate or lower bills like cable, landline, life/car insurance, etc
What is to Decrease Expenses?
An item that is NOT insured by FDIC
What are Stocks, Bonds, Credit Unions, Life Insurance, etc?
Someone uses a false persona claiming to love you.
What is a Romance Scam?
Gives someone authority to handle my finances if I become unable to.
What is a Durable Power of Attorney?
Food, shelter, heat/AC
What are things that are Needs/Necessities?
I receive a phone call from a number similar to my own.
What is Spoofing?
A way a 62+ year old can borrow against the equity in their home
What is a Reverse Mortgage?
What is a Power of Attorney?
Contains my "Do Not Resuscitate" wishes
What is an Advance Directive or Living Will?
Making sure that every dollar has a name or a place
What is a Budget?
Authentic looking emails/websites/texts that may have a link to click on to verify my personal/financial info.
What is Phishing?
Have money for at least 6 months living expenses.
What is your Financial Foundation?
A person or company named to manage your finances
What is a Fiduciary?