Author Archives: Peter Gordon

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About Peter Gordon

Peter Gordon is a Financial Organizer & Certified Senior Advisor (CSA) at New York Financial Organizers in Forest Hills, NY .

EMAIL: peter@nyfo.nyc

BIO: About Peter

PHONE: 212-222-2822

How Can a CSA Help Seniors and Their Families?
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Authored by , re: Elder Care, FINANCIAL ARTICLES, on .

{2:45 minutes to read} I began New York Financial Organizers in January of 2015. During the previous four months, I explored the world of geriatric services, joining a wonderful organization, the Orion Research Group, as an exploratory member. Many other members suggested that I become a Certified Senior Advisor (CSA).

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Protect Yourself From Financial Fraud
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Authored by , re: Elder Care, on .
Protect Yourself From Financial Fraud | Peter Gordon

{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, doesn’t remember writing the check and had no clue as to what the money might be for. Click here to read Peter Gordon's full article...

Don’t Go Postal! Protect Yourself From Postal Scams
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Authored by , re: Elder Care, on .

{2 minutes to read} A notice flashing across the electronic bulletin board of my mother’s building the other day caught my attention. The author of that notice stated that he had mailed payments for bills at a mailbox on Broadway and East 10th Street and that those envelopes were literally fished out of the mailbox.

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3 Components to Review in Long-term Care Insurance Policies
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Authored by , re: Elder Care, Insurance, on .
3 Components to Review in Long-term Care Insurance Policies | Peter Gordon

I pride myself on having a network of experts that I can turn to when clients have issues in areas I am not familiar with. In order to share this information with others, I will be posting guest blogs from colleagues. The first one is from Barbara A. Brody, a Specialist in Medical Management and Health Care Solutions (www.BarbaraBrody.com).

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3 Crucial Estate Planning Documents
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Authored by , re: Asset Management, Elder Care, Miscellaneous, Trusts, Estates & Elder law, on .
3 Crucial Estate Planning Documents | Peter Gordon

{4:40 minutes to read} Why should you have a living will, healthcare proxy, and power of attorney? People are living longer and enjoying fuller lives. However, it is possible that because of a sudden illness or injury, you may be unable to talk to a doctor to make decisions about your treatment or direct your financial decisions. To plan in advance, it is important to prepare a few simple legal forms.

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The Benefits of Community Medicaid for Seniors Who Want to Age in Place
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Authored by , re: Elder Care, on .
The Benefits of Community Medicaid for Seniors Who Want to Age in Place | Peter Gordon

I learned about Community Medicaid through a personal experience. A few years back, my mother had a hip replacement. At that time the doctor said the other hip would need to be replaced within a year. We assumed that everything would go according to schedule and mom would be up and walking again in the not-so-distant future.

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Top Tips to Prepare for Tax Season!
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Authored by , re: FINANCIAL ARTICLES, on .
Top Tips to Prepare for Tax Season! | Peter Gordon

Tax day is drawing near. For our clients, we ensure their tax information is properly organized throughout the year so that when we prepare their tax information report, everything is properly categorized. With this done, we pass their report over to their individual accountants, making it a much more efficient process and often resulting in lower accounting bills.

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Do You Know Where Your Money Goes?
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Authored by , re: Accounting & Bookkeeping, FINANCIAL ARTICLES, on .
Do You Know Where Your Money Goes? | Peter Gordon

{2 minutes to read} One of the most powerful tools we use to help our senior clients is a monthly cash flow report. This monthly report allows clients to see if there’s a surplus or deficit and and if there’s a need to transfer money from savings into checking. The contents of the report include:

  • All income sources—where their money is coming from;
  • Expense categories—where their money is going; and
  • How much money is left at the end of the month.

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How to Evaluate Consumer Options…and Not Get Cheated!
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Authored by , re: FINANCIAL ARTICLES, on .
How to Evaluate Consumer Options…and Not Get Cheated! | Peter Gordon

{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. Sometimes, even if you trust somebody, you really don’t know what it’s like to work with them. This is why hiring a daily money manager to help you make wise purchasing decisions is a good introduction to how you might work together.

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A Team Approach to Senior Living
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Authored by , re: FINANCIAL ARTICLES, on .
A Team Approach to Senior Living | Peter Gordon

{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 do this by helping to pay bills, reconciling their checking and credit accounts and developing budgets. I also help them with filing health insurance claims and many other services. Click here to read Peter Gordon's full article...

Questions to Ask When Interviewing Financial Professionals
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Authored by , re: FINANCIAL ARTICLES, on .
Questions to Ask When Interviewing Financial Professionals | Peter Gordon

{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 investments you recommend?
Advisors should be 100% transparent when it comes to explaining their fee structure. You should be able to fully understand how they are paid. Ask if they are fee-paid or fee-only.

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