This week Jim and Cathlyn use the case study of Joe and Irene Turner to illustrate several issues facing today’s retirees. These issues include Long Term Care and medical expenses, fear of the financial markets, inflation, the difficulty of maintaining quality of life in a 0% interest rate environment and reconciling budgets versus sources of income. The guest this week is Dr. Bonnie Olsen of the National Center on Elder Abuse at UC Irvine. Dr. Olsen discusses financial fraud and abuse on the elderly and how to avoid it.
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