Time flies when you're blogging! We are proud to announce the two-year anniversary of NYCEAC's Elder Justice Dispatch Blog. Keeping in the tradition we began last year, in order to celebrate, we have summarized ten blogs from the past year and provide links to you for further reading. We are excited to share ten great blogs from the July 2013 - June 2014 stellar blog collection that collectively discuss myriad elder justice issues - from elder abuse in popular culture to podcast interviews with leaders in the field. More →
| AARP’s Public Policy Institute today released a new research report focusing on older investors with diminished capacity—and how financial services professionals can best meet their needs.
Increasingly, older people are responsible for their own retirement security in an era of defined contribution plans and other forms of “do-it-yourself” retirement. Financial capacity is the first kind of decision-making capacity to decline with the onset of dementia and other causes of cognitive impairment. Are financial services industries prepared for the age boom and increased incidence of diminished capacity?
This report includes extensive background information on diminished financial capacity, the risk of financial exploitation, and the financial professionals who serve older clients. It shares results of a national survey of financial professionals and an interdisciplinary roundtable about current practices, protocols and needs—and makes recommendations for federal and state policy-makers, industry, aging organizations and other stakeholders. Click here for the report.
Feel free to contact the author:
Naomi Karp, JD
Senior Strategic Policy Advisor | Consumer & State Affairs Team