Managing finances as an older adult, especially with costs like medical bills and retirement withdrawals, can be tough, especially after losing a spouse. However, there are resources and guides available to help with financial planning.
Local Resources for Financial Planning
Senior centers and public libraries are excellent resources for free or low-cost financial advice, including classes on budgeting, taxes, retirement planning, estate planning, and understanding Social Security benefits.
National Organizations With Local Branches
AARP is well known for providing resources to older adults. They offer many tools for funds management, from articles and calculators to one-on-one advice. AARP also has local chapters in Hawaii that can provide tailored advice. Look online or contact the AARP Hawaii State Office for more information.
The National Council on Aging (NCOA) offers financial help through various programs designed specifically for elderly loved ones. These programs can help you budget, apply for benefits, and even find financial aid. They have local affiliates who can provide assistance, so visit the NCOA website to find a local contact.
Professional Financial Advisors
Certified Financial Planners (CFPs) offer peace of mind in managing retirement funds and financial matters. Find CFPs through online searches or personal referrals. Elder law attorneys, focusing on retired elderly, help with estate planning and long-term care. Locate them via legal directories or community recommendations.
Online Resources and Tools
Government websites are a valuable source of financial information, offering guidance on benefits, retirement planning through the Social Security Administration, and help with medical expenses via Medicare, despite their complex navigation, supported by help sections and FAQs. Additionally, numerous online tools and apps, such as Mint or Personal Capital, provide convenient ways to manage budgets, track expenses, and plan financially for the future.
Community Support and Workshops
Nonprofits like Hawaiian Community Assets in Hawai'i offer free or affordable financial advice and training. There are also workshops on topics like investments and healthcare costs that are widely available through community centers and nonprofits. Check local boards or websites to find workshops nearby.
Senior Helpers Honolulu-Kahala-Kailua Provides Caregiving Services for Older Adults
Managing your finances as an elderly relative can be stressful, but many resources can help you along the way. Senior centers, libraries, national organizations, and local financial planners can guide you. Take proactive steps to secure your financial future and gain peace of mind. Contact us at Senior Helpers Honolulu-Kahala-Kailua today for personalized assistance for elders in Kailua, Waimanalo, Waikiki, Kahala, and surrounding areas.