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Older people are too often the target of financial scams and money-focused manipulation.

We've seen this all too often: Joey wanted to cash a large check from his grandmother's account. A bank employee called his grandmother, Joyce, who said her husband had recently died and that her grandson was helping out. Further review of Joyce's account revealed expenses for electronics, auto accessories, and adult entertainment. Joey was not using the money for his grandmother's benefit.

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The natural aging process can cause forgetfulness. But there are ways to maximize your memory -- whatever age you are.

With age comes wisdom, and often times so does memory decline. Many people think of memory lapses as a normal part of aging, and others fear the worst: Alzheimer's disease or a related dementia. While approximately 1 in 10 people age 65 and older have Alzheimer's and related dementias, the loss of mental acuity can occur in the natural aging process. The good news is that there are ways for people to maximize their memory, no matter how old they are.

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Marilee Driscoll

Long-term care insurance determines how well you'll be taken care of when you can't take care of yourself.

Long-term care insurance is potentially one of the most important purchases you'll ever make. It likely determines how well you'll be taken care of when you can no longer care for yourself.

There are lots of decisions to make -- and they need to be informed decisions. Tempting as it is to think you'll never be in the position to need long-term care, you risk literally everything if you hide from this issue.

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A reverse mortgage can really turn things around for seniors who are struggling to get by. But, when does (and doesn't) it make sense to cash in on your home equity?

As one of my friends puts it, "There's nothing worse than being old -- except being old and being broke."

It's a simple fact: As we live longer, we may find ourselves outliving our savings accounts. Pensions and social security often don't keep up with inflation, and then there are the kids who need help, the new roof, the prescriptions not covered by medical insurance, and all those other expenses that keep coming long after a regular paycheck has stopped fattening the savings account every month.

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