049: Ensuring Financial Health as We Age with The Senior Source

Are you worried about your financial security, or the financial health of the seniors in your life?  We don’t blame you. As baby boomers continue to age, they must defend against a growing number of scams specifically targeting aging people. And unfortunately, these scams are working. According to a recent FBI report, aging people lost a staggering $3.1 billion to fraud in just one year. It has never been more critical to equip yourselves and your loved ones with the tools needed to safeguard a viable financial future. In our latest podcast episode, we’re joined by Deborah Burkham from The Senior Source to unveil strategies to combat these threats and empower our aging loved from financial predators.  

In this episode, you’ll learn:   

• Steps to ensure financial stability geared specifically towards seniors, including budgeting and benefit management.
• An overview of common scams targeting aging people and preventive measures.
• Suitable financial planning and investment strategies for seniors.
• Essential procedures to follow in case of financial crime, including reporting methods and financial health monitoring. 

More about Deborah Burkham and The Senior Source 

Deborah Burkham is a financial coach at the Elder Financial Safety Center at The Senior Source. She helps clients achieve financial goals that align with their values through education and accountability and by changing ineffective money management behaviors. Her primary focus is on budgeting, debt management, credit, identity theft, housing, and accessing state benefits.  

The Senior Source has been operating since 1961, providing social services for aging adults or older adults and their loved ones to navigate aging.