Where to Go for Financial Planning Help: Guide for Seniors
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Where to Go for Financial Planning Help: Guide for Seniors

Managing money can be tricky, especially for seniors who face new financial concerns such as medical bills or retirement account withdrawals. Some may even be handling these for the first time after losing a spouse. Senior Helpers Baltimore will provide seniors and their family members with resources for financial planning.

Local Resources for Financial Planning

Senior centers are a great starting point for financial planning assistance. These centers often offer workshops, one-on-one counseling, and printed resources that can help. Many senior centers provide these services. They are safe places where you can ask questions and get advice tailored to your unique needs. 

Your local library is another valuable resource for financial planning. Libraries often host financial planning workshops and seminars led by experts. They also have books and other resources that cover topics like budgeting, investing, and managing debt. Check out libraries in Baltimore, Annapolis, Columbia, Baltimore County, and Howard County to see what programs they offer. Many libraries also provide access to online resources and financial planning tools.

National Organizations with Local Branches

AARP offers a wide range of financial planning tools and resources, from budgeting tips to retirement planning guides. You can find local chapters of AARP in Maryland, where you can attend workshops and meet with advisors. Contact your local AARP chapter for more information.

The National Council on Aging provides various financial assistance programs. They offer help with budgeting, managing medical bills, and understanding Social Security benefits. You can find local NCOA offices by visiting their website or calling their main office for local contact details.

If you need specialized advice, consider consulting a Certified Financial Planner (CFP). The CFP Board can help you find a certified planner in Maryland. Visit the CFP Board's website to search for local certified planners. They ensure that planners adhere to high ethical standards, making it a trustworthy option.

Professional Financial Advisors

There are different types of financial advisors available. Fee-only advisors charge a flat fee for their services, while commission-based advisors earn money through the products they sell you. Understanding the types can help you choose the right advisor for your needs.

When choosing a financial advisor, look for credentials such as CFP (Certified Financial Planner) or CPA (Certified Public Accountant). Check their background and read reviews from other clients. Research local financial advisors in Baltimore and surrounding areas. Many have websites where you can learn about their services and fees. Make an appointment to discuss your needs and see if you feel comfortable with their advice.

Online Resources and Tools

The Internet offers many tools for financial planning. Websites like NerdWallet and Bankrate provide useful calculators and articles that cover everything from savings to retirement planning. Some companies offer virtual financial planning services, which often include video calls and online tools, making it easier to get professional advice from home. Always verify the credibility of online resources. Look for websites with .org or .gov domains, or use well-known financial news websites.

Don't hesitate to bring family members into your financial planning discussions. Their support can be invaluable, especially when making big decisions. Support groups can offer emotional and practical help. Many organizations offer peer groups where you can share experiences and learn from others.

Discover Premium Senior Care and Support

There are many resources available to help seniors with financial planning. From local senior centers and libraries to national organizations and certified planners, you have many options for finding the help you need.

Don't put it off—take steps today to ensure your financial future is secure. If you need personalized support, contact us at Senior Helpers Baltimore. We're here to help seniors in Baltimore, Annapolis, Columbia, Baltimore County, and Howard County with senior care services.