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Elder Financial Abuse Is Worse Than You Think

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While many are worried if they are squirreling away enough into an IRA or their 401(k), Jamie Hopkins, professor of retirement income planning at The American College, said a research report published this year in the Journal of Retirement that the number one ethical concern that retirement planners had for their clients was elder abuse.

"However, when consumers are surveyed about their own retirement concerns, they rarely list elder abuse as a major concern, as most people do not feel that it is likely to happen to them," Hopkins said.