By Tim Kowols
The Consumer Financial Protection Bureau and the Federal Deposit Insurance Corporation have teamed up to help senior citizens get the resources they need to make sound financial decisions. “Money Smart for Older Adults” covers financial exploitations, scams, identify theft, and planning for future expenses, all of which become an increasing worry for people as they get older. Gay Pustaver from Money Management Counselors says it is a great resource for those who have not had those conversations yet with their loved ones, especially when it comes to scams.
The FDIC and CPFB also teamed up to provide similar programs for young adults and children. Pustaver recommends senior citizens pick up a copy of ”Money Smart for Older Adults” at Money Management Counselors and the radio stations of DoorCountyDailyNews.com or it is available to download at the FDIC’s website. You can listen to the complete Money Management Monday interview with Gay Pustaver online with this story.