Financial Health & Wellness

Nested Applications

Financial Health and Wellness Image

Financial health and wellness-man sitting at laptop computer holding a credit card.

Financial Health and Wellness Description

Did you know that research shows there is a direct relationship between physical and financial health? Individuals with high financial stress are twice as likely to report poor health overall, and are four times as likely to report fatigue, depression or other ailments. Because of this, Benjamin Rose Institute on Aging is committed to serving all aspects of wellbeing, not only physical, mental, emotional and behavioral, but also financial health and wellness. We have free resources and services available through our subsidiary ESOP to help you achieve and maintain financial wellness and housing stability, including:

  • Housing counseling
  • Senior financial empowerment
    • Resources and referrals for financial benefits such as Medicare, legal aid or vision care
    • Property tax loan
    • Financial education workshops to help plan for unexpected life events and protect against fraud, abuse and poor credit
    • One-on-one financial counseling
  • Advocacy on your behalf with credit services and loan companies to assure your records are accurate and you are receiving a fair and manageable repayment plan
  • Income tax prep

With our support, you can empower yourself to reach a secure financial future and stay educated on the issues most important to your financial wellbeing.

Empowering and Strengthening Ohio's People (ESOP)

Resources

Resources

Decision-Making With Your Older Loved One: Choosing a Power of Attorney Agent

Establishing a Durable Power of Attorney for Health Care or Finances can give our loved ones the ability to control who makes important health care or financial decisions for them if their physician declares they are no longer able to make decisions for themselves. Having a Power of Attorney is important because it assures our loved ones have someone who can act on their behalf and, ideally, respect their wishes. However, with this power comes responsibility, and sometimes this responsibility can be abused by those who do not have our loved ones’ best interests at heart. Before choosing a Power of Attorney agent, our loved ones should not only make sure the person they are considering is someone they can comfortably express their wishes and preferences to, but also that the agent is trustworthy enough to make decisions that are best for our loved ones.

Read More

By Tiffany Taylor and Julie Hayes | 01/15/2020

Recognizing the Signs of Financial Abuse

It is important for all of us to know the signs of financial exploitation so we can help prevent this from happening to our loved ones, such as our parents, grandparents, aunts, uncles or dear friends. There are several warning signs to look for and then to question further.

Read More

06/06/2019

Reducing the Financial Fatigue of Caregiving

There are many rewards of caring for a loved one, but caregiving can also come at a cost. According to several studies, the average female caregiver loses more than $324,000 during their lifetime in wages, pensions and Social Security benefits, due to their caregiving responsibilities.

Read More

By Sonya Edwards | 06/06/2019

Protecting a Loved One from Financial Exploitation

Financial exploitation or abuse of older adults occurs when a person’s resources are used by another for personal profit or gain, or when actions are taken that deprive an older person of the benefits entitled to them. No one is immune. This sort of theft can happen to anyone regardless of social standing and education levels.

Read More

06/06/2019

Managing Finances for a Loved One with Dementia

Handling a loved one’s finances can be a difficult task, particularly when they have been diagnosed with dementia. In fact, the inability to handle finances is often one of the first signs that a loved one has the disease. They might pay bills more than once, forget to pay bills entirely, give money away unexpectedly or have trouble balancing their checkbook. Dementia can also leave a loved one open to financial risk and abuse, which can make it even more important for us to familiarize ourselves with how best to protect them from these threats.

Read More

06/06/2019

— 5 Items per Page
Showing 1 - 5 of 12 results.