In a shaky economy, senior citizens have become a prime target for scammers. Here are some of the common scams -- and warning signs -- to watch out for, along with some tips on how to protect your elderly loved ones.
The two biggest banks in the reverse mortgage business are getting out of it. Now, Bank of America and Wells Fargo accounted for less than half of the reverse mortgages in America, and other lenders are still writing them. But for cash-strapped seniors, it might be a good idea to explore alternative ways to stay in their homes.
You would probably do anything for your mom and dad, but the cost of caring for them in their old age can be crippling. A new study shows that the nearly 10 million Americans who are providing care for their aging parents will lose an estimated $3 trillion to do so.