Each June 15, we mark the importance of protecting our seniors as they grow more susceptible to abuse in their twilight years. Elder Abuse Awareness Day reminds us of the responsibility we all share to protect and uplift our senior community members—ensuring their golden years are lived with dignity, safety, and purpose.
At Dedicated Financial, we hold a special commitment to shining a light on this problem. Through our work helping retirees to MaxAMAZING™ their retirement, we’ve seen firsthand how elder abuse—especially financial exploitation—can derail dreams and destroy the security that seniors have spent a lifetime building. Financial abuse may include unauthorized access to accounts, manipulation of estate plans, or outright theft. It’s often hidden in plain sight, but with awareness and action, we can stop it.
How You Can Help Protect the Seniors in Your Life:
- Stay Informed: Know the red flags—unusual financial activity, sudden changes to wills or powers of attorney, or confusion about recent transactions.
- Communicate Often: Keep the lines of communication open. Conversations around money might be uncomfortable, but they’re vital.
- Take Action When Needed: If you suspect abuse, contact Adult Protective Services, law enforcement, or the financial institutions involved. Doing nothing is not an option.
- Talk About Money Early: Discuss important financial and estate matters with your aging parents or loved ones now—don’t wait for a crisis.
For Seniors: How to Protect Yourself
If you’re a senior, aging with awareness is a day-by-day journey. It’s important to understand your vulnerability and implement safeguards to protect yourself.
- Protect Your Personal Info: Never share sensitive information over the phone or online unless you’re 100% sure who you’re talking to.
- Seek Professional Guidance: Don’t make major financial, legal, or health decisions alone. The right advisor can make all the difference.
- Name a Trusted Contact: Adding someone you trust as a backup on your financial accounts adds a critical safety net.
- Stay Socially Connected: Isolation can make you more vulnerable. Stay involved with family, friends, and community.
- Review Your Finances Regularly: Ask for help from a trusted loved one or a certified professional like us if something doesn’t feel right.
- Understand Your Rights: Tools like powers of attorney and wills aren’t just paperwork—they’re protection.
At Dedicated Financial, we’re here to be that trusted partner. We don’t just manage wealth—we help retirees live out a future that’s secure, vibrant, and MaxAMAZING™.
If you’re concerned about the financial safety of a loved one—or yourself—reach out to us. We’re ready to guide you with the compassion, clarity, and confidence from decades of experience.
Together, we can protect our seniors and help them live their best retirement.