Although you probably have good knowledge of your household budget and confidence in your ability to manage your finances, there are many things people commonly overlook when it comes to long-term asset management. Whether you need to find someone who can help you with financial decisions, enact a financial power of attorney or decide when to start drawing down Social Security, the resources here can help you take control of your financial future.
Find a Local Financial Planner Visit www.fpanet.org, www.napfa.org or www.cfp-board.org to find a professional financial adviser near you who can help with retirement savings calculations, asset withdrawal decisions, investment of lump-sum distributions and other financial decisions.
See How Much You’ll Need for Long-Term Living The Choos to Save Ballpark E$timate is an easy-to-use, interactive tool that helps you quickly identify approximately how much you need to save to fund a comfortable retirement.
Develop a Disability Security Plan The Council for Disability Awareness offers a simple, five-step plan to help individuals understand and prepare for the financial impact of disability.
Enact a Financial Power of Attorney A financial power of attorney gives someone the ability to make financial decisions for you and have access to your finances and property. Download a free POA form and consult with your attorney if you have questions.
The National Council on Aging, with support from Bank of America Charitable Foundation, developed a toolkit to help older adults learn how to budget, avoid scams, apply for benefits and manage prepaid debit cards.
This publication developed by the FDIC includes 15 quick tips to protect your finances, advice on how to steer clear of scam artists, things to consider before borrowing from your home, ways to help your relatives while avoiding risks and key facts about FDIC insurance.
The Social Security Administration’s website includes a section on Benefits for People with Disabilities that provides information about Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI).
Ready, Set, Bank™ is a series of short videos by the National Council on Aging that empowers older adults to be successful with online banking. The videos cover everything from how to make a mobile deposit to how to check your balance and pay bills.