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Ensure Financial Secu...
text: What legal document should every older adult consider drafting?, correct: A will, incorrect: A non-disclosure agreement,A guardianship document,A living will, fun fact: Having a last will and testament allows you to manage your real estate and other property affairs before your death, making things easier for your family.,text: What form of payment offers some protection if you get scammed while using it?, correct: Credit or debit cards, incorrect: Cash,Personal checks,Money orders, fun fact: Thanks to federal laws and more advanced credit and debit financial systems, scammers are less likely to ask for money through these means and prefer low-tech alternatives like cash payments.,text: Which of the following is NOT a central credit reporting bureau that can be used to track your credit in the US?, correct: The Fed, incorrect: Experian,TransUnion,Equifax, fun fact: Tracking your credit report is one of the best ways to ensure that someone hasn't stolen your personal information to apply for loans or make big purchases in your name.,text: What does POA stand for?, correct: Power of attorney, incorrect: Piece of the action,Person of adventure,Population over advantage, fun fact: Power of attorney enables a family member or other trusted person to act on your behalf in financial matters if you cannot take care of yourself.,text: What is a phishing scam?, correct: A scheme where a fraudster sends a link disguised as legitimate, incorrect: A scheme where a fraudster convinces you to purchase money orders for him,A scheme where a fraudster convinces you to purchase gift cards for him,A scheme where a fraudster convinces you to sign over the deed to your house, fun fact: Phishing scams are a form of cyberattack in which a scammer sends a link that appears to be from a genuine company. Always be careful when a website or email asks for financial information.,text: What is a retirement spending plan?, correct: A budget for living off of retirement savings, incorrect: A tax-advantaged savings account,A pension,Money saved for semi-retirement, fun fact: Assuming you don't plan on spending more money than you currently do, experts recommend budgeting for about 85%-90% of your current expenses.,text: What kind of stores can senior citizens shop at to save money?, correct: Thrift stores, incorrect: Department stores,Warehouse clubs,Gift shops, fun fact: Thrift stores offer great discounts on items, and a savvy shopper can spot mid- or even high-quality merchandise that is more than worth the money.,text: What kind of job is a good idea for helping an older adult become or remain financially secure?, correct: A part-time job, incorrect: A full-time job,A seasonal job,None, fun fact: Part-time jobs offer less commitment and flexibility for senior citizens while bringing in extra money to cover living expenses.,text: What is one common way older adults can save money on homeowner costs?, correct: Downsizing to a smaller home, incorrect: Living in a tent,Living in a hotel,Living out of a car, fun fact: Downsizing can save hundreds of dollars each month in mortgage and utility payments, plus you'll have less real estate to worry about taking care of.,text: Which of the following is NOT a tactic often used by scammers trying to defraud older adults?, correct: Sending official government tax information, incorrect: Calling and claiming to be with law enforcement in a different state,Calling and claiming your grandchild got in an accident in a different state,Sending mail saying you won a prize for a contest you don't remember entering, fun fact: Scammers are creative and come up with lots of ways to trick older people out of their life's savings. If someone you don't know ever calls to ask for your personal information, don't give it to them!
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Ensure Financial Security For Elderlys
What legal document should every older adult consider drafting?
A living will
A will
A non-disclosure agreement
A guardianship document
