Retirees, Get Your Financial Life in Order
Keys to organize your finances to protect yourself from bogus claims of unpaid debt and scammers.
The new year can be an opportunity to form some good habits—maybe adding a daily walk or cutting out desserts. If you’re in this mindset, add organizing your financial life to your list of resolutions.
For older adults, gaining a sense of control over finances is particularly important, says Susan Devaney, a professional who specializes in helping older adults move from their longtime homes and resettle elsewhere. Scammers regularly target seniors with bogus claims of unpaid bills, so having an organized system to doublecheck your finances can help to protect you, she says. It’s also useful to have documentation if you’ve forgotten whether you paid a bill and need to review your records.
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