Think of the mail coming into your home, the bills that need to be paid, the calls or emails that should be made about your insurance, wills, retirement planning and more. Now imagine handling all this with impaired eyesight, decreased hearing, arthritic hands, or failing memory.
Many of us wish we had someone to handle the day-to-day personal paperwork, bill paying and interactions with advisors. Daily Money Managers can fill that role. However, the support of a Daily Money Manager (DMM) is even more critical for seniors.
A DMM for busy professionals often works alone in the clients’ homes (or virtually from the DMM's office) while the clients are at work. DMMs for seniors, more often than not, work with their clients in their homes and have special skill sets to help their clients navigate between dependence and independence. In addition, the DMM for seniors needs to have an incredible array of resources available to guide the senior and the senior’s family to the right decisions about legal documents, long-term care planning, housing options, care management, financial asset management, household management, and more.
Signs That a Daily Money Manager Is Needed By a Senior:
Early on, DMMs need to sort through accumulated papers: locate bills that need to be addressed immediately; identify important documents and file appropriately or note which documents need to be collected. DMMs help organize and file estate planning, tax and financial documents for the client; work with doctors and insurance companies to sort out what needs to be paid by the insurance company or the client; and prepare budget and spending reports.
How Do I Finding a Daily Money Manager
Search on the website of the American Association of Daily Money Managers (www.aadmm.com) – click “Find a DMM” and search by zip code. In the same area of the website, you can find a list of excellent questions to ask when hiring.
If you have any questions please feel free to contact
Wendy Einspar for a free consultation at:
Email - firstname.lastname@example.org
Internet - www.einspardmm.com