Monday, June 1, 2015

How to plan for the possibility of diminished capacity


Good afternoon,
Though it’s hard to think about, as we age, sometimes we lose the ability to manage our own money and property. This is often called diminished capacity. Today the Consumer Financial Protection Bureau, together with the Securities and Exchange Commission, issued a consumer advisory and investor bulletin to help you plan for your own future and to provide tips on helping older loved ones who may need help managing their money.
Check out our blog and the advisory to learn more:
The advisory has tips on getting your documents in order and watching out for financial exploitation. It also has many suggestions on ways to help your older relatives and friends with their finances. Working together across generations can help older Americans have a safe and secure financial future.
Please share our advisory with older adults and their family members and caregivers!
Thank you,
Naomi Karp
Office for Older AmericansConsumer Financial Protection Bureau

About the CFPB
The CFPB is a 21st century agency that helps consumer finance markets work by making rules more effective, by consistently and fairly enforcing those rules, and by empowering consumers to take more control over their economic lives.
Learn more at
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