Seniors Receive Free Financial Guidance

Seniors Receive Free Financial Guidance
Through its Silver Neighbors program, RISE Foundation is providing no-cost financial guidance to Memphians of retirement age.
RISE works to transform the lives of low-income wage earners in Shelby County through financial literacy. To date, the nonprofit has helped participants in all of its programs purchase a combined total of nearly $7 million in assets, including homes, cars and higher education tuition.
The Silver Neighbors program focuses on financial security for older adults, providing them with information about available benefits in the Greater Memphis community and empowering them to make educated decisions about the financial products they own or purchase.
RISE Foundation connects with older adults through churches, senior centers and senior housing organizations. Trained volunteer ambassadors lead learning circles in which seniors receive information about various topics, including benefits eligibility; budgeting; long-term care; identity theft; medical billing; and elder financial abuse.
“Seniors who are living on a fixed income are often targets of scams and fraud, and we can help prevent this from happening by equipping them with the right tools and knowledge,” said RISE President and CEO Linda Williams. “The feedback from our Silver Neighbors participants has been overwhelmingly positive.”
In 2015, Silver Neighbors provided information to 1,047 older adults through its learning circles. RISE plans to add more ambassadors to expand the program and provide financial security information to more adults in the Memphis area.

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