Why Design a Personal Finance & Admin Team?

Posted by Peter Gordon
On October 3, 2018
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The cohesion of professionals working together provides seamless service for the client. Referrals: A Two-Way Street Quite often my clients are referred to me by trusted advisors, such as Attorneys, Geriatric Care Managers or CPAs. These professionals have identified someone who needs my services. New client referrals have also come from family members of people […]

Do You Know Where Your Cash Goes (and Flows)?

Posted by Peter Gordon
On August 21, 2018
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The backbone of our business is the monthly review and reconciliation of our clients checking and credit card accounts through Quickbooks Online.This review ensures that all transactions are proper, with no evidence of financial fraud. Each month, all expense and income transactions are categorized allowing for the documentation of how much money is coming in, […]

How Old (or Young) Do I Need to Be to Have a DMM?

Posted by Peter Gordon
On August 8, 2018
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Although there is no age criteria for working with a Daily Money Manager (DMM), around 85% percent of my clients are considered elderly — they have lost some of their decision-making capabilities to stay on top of their bills. On the other hand, I have some clients who are just really busy and need help […]

Cyber Hijacking, It Can Happen to You

Posted by Peter Gordon
On May 30, 2018
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Cybercrime is on the rise and online “hijacking” is an epidemic. It is critical to be aware of how these crimes happen. In most cases, scam artists posing as technical support professionals call individuals and claim they are from Microsoft or Apple, and that they’ve noticed a virus on your computer. They ask you […]

Protect Yourself From Financial Fraud

Posted by Peter Gordon
On November 7, 2017
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{2:35 minutes to read} I have a client with cognitive loss who has had difficulty organizing his financial paperwork. One of the projects I’ve been working on for him is re-creating his 2015-2016 taxes. In doing this, I discovered a check he wrote for $15,000 to Wells Fargo. He has no account with Wells Fargo, […]

Do You Have Medical Billing Headaches?

Posted by Peter Gordon
On January 11, 2017
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{3 minutes to read} I was recently referred to a friend’s colleague. His mother was recovering from a stroke and was receiving incredibly high medical bills. His father was overwhelmed by the volume of invoices and insurance claims, and the son was too busy to help. I went to see the couple—Harry is 86 and […]

How to Evaluate Consumer Options…and Not Get Cheated!

Posted by Peter Gordon
On November 28, 2016
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{2:20 minutes to read} A daily money manager helps with all aspects of a person’s daily financial life, such as paying bills, reviewing credit card charges and reconciling checking accounts. The leap from meeting a daily money manager to letting them handle these items can be difficult, as there is a lot of trust involved. […]

A Team Approach to Senior Living

Posted by Peter Gordon
On November 15, 2016
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{2:20 minutes to read} For many seniors it is helpful to have a team of professionals – Financial Advisor, Attorney, Geriatric Care Manager, Geriatrician, Home Health Care Workers, etc. – assist them in managing their lives, enabling them to age with dignity. As a Daily Money Manager, I assist people in organizing their finances. I […]

Questions to Ask When Interviewing Financial Professionals

Posted by Peter Gordon
On October 19, 2016
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{2:10 minutes to read} For a number of different reasons, seniors may have an interest in changing their Financial Advisor. When doing so, it is important to get some core information from the individual you intend to entrust your savings to. Here are a few excellent questions to ask: How do you get paid for […]

Prevent Financial Fraud with a Daily Money Manager

Posted by Peter Gordon
On October 3, 2016
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{Read in 2:50 minutes} Experts say that a major way of preventing financial fraud or financial elder abuse is to have another set of eyes—beyond those of family and friends—oversee finances and financial decisions, especially for seniors. As a daily money manager, I help people who may not have anyone else to pay their bills, […]

Tag: financial advice