Daily Money Management for seniors

As the American population ages, more and more families are struggling to find solutions to who manages the massive wealth held by the greatest generation. This can cause strife in many families and in others can leave seniors on their own. I come from a large extended family with a seemingly endless line of cousins. In our family, it does not seem to be a question of who is going to help a family member out, but how many will join in. But that does not mean we are qualified for the job when we volunteer!

http://www.fdic.gov/consumers/consumer/news/cnfall05/professionalsPG9.html

Deciding who will manage your parents money is a difficult decision for many families and one where you should definitely stop and ask yourself, am I qualified.... Here is a great link from the FDIC from a few years about with links to tips and thoughts on hiring a daily money manager like PPS as well as what is at stake in having a family member manage your finances. Be sure to stop and think about how this will affect the family dynamic, is the person managing the finances qualified, willing and able to do the task and what does the senior really need.

Devin