Financial awareness NOW!

Monday - 6/3/2013, 8:41pm EDT

For Your Benefit

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June 3, 2013 -- This week on For Your Benefit, join host Bob Leins, and Karen Schaeffer, certified financial planner and co-founder of Schaeffer Financial, as they discuss how to take action now to minimize the impact of decreasing cognitive ability on financial awareness in the future.

This is a topic that many of us may face twice in our lives:

First, as adult children when we are trying to care for our parents and/or older relatives;

Then finally, as we become senior citizens and have difficulty making our own sound financial decisions.

We have all heard about people who were financially aware when younger but then became victims of a bogus investment later in life.

This includes a relative who is not aware that someone is stealing their money so they don't or won't talk about it, or the elderly parents who tell friends that their children have taken all their money and they have nothing left.

Leins and Schaeffer talk about the precautions/paperwork that you need to have in place now to help prevent situations like this, the signs you need to be aware of, and how you can deal with these issues while still giving your loved ones the respect and control that they deserve.

More resources about choosing and dealing with a certified financial planner can be found at the CFP Board website.