— The following is a statement by AARP Texas Director Bob Jackson applauding the passage of HB 3921 by the Texas Senate today, a measure which would improve the reporting of financial exploitation targeting older Texans and would give new tools to banks and securities firms to place a temporary hold on suspicious transactions. Jackson said: “The Senate today has joined the House in taking an important step to protect vulnerable adults from becoming victims of financial fraud and abuse. We …

— Retirement should be a time of peace and relaxation, not one of struggle and financial worry. And when retirees seek advice regarding retirement investments, they should expect their professional advisors to give prudent guidance that keeps their best interests in mind. But low- and middle-income Texans currently lack adequate protections with their retirement savings. The previous administration updated and strengthened a Department of Labor fiduciary rule to require financial advisors to act in clients’ best interest rather than their own. …

— Texas Appleseed and AARP today released five “Managing Someone Else’s Money” guides, a toolkit for financial caregivers in Texas who manage money or property for those unable to do so for themselves. This interactive series of guides, in English and Spanish, is available in print and online at www.ProtectTheirMoneyTx.org. Nearly 3.5 million unpaid family caregivers in Texas provide a great labor of love by helping their parents, spouses and others manage their financial affairs – but they often lack the …

— When state lawmakers convene next month for the 2017 legislative session, AARP Texas will pursue an agenda that includes strengthening nursing home quality, easing stress for family caregivers, helping millions of Texans save for retirement, and protecting seniors from financial exploitation. AARP’s non-partisan Texas legislative priorities also include a focus on eliminating surprise medical bills, and advocating for the age 50+ community to ensure that insurance costs are reasonable, coverage is reliable, and utility services are affordable and dependable. The …

— By Thomas Korosec Julie Krawczyk, director of the Elder Financial Safety Center, has seen a flood of cases like this: Four years ago, an 89-year-old Dallas woman, widowed with no family, moved to a care facility after she fell and broke her hip. She granted a friend from her church control of her finances and authority to act in her place. The so-called friend abused that trust by liquidating $145,000 in stocks, selling the woman’s home and spending the proceeds …

— It’s the season for severe storms in Texas, and AARP is alerting consumers about potential home repair ripoffs and other scams following natural disasters. It’s unfortunate, but the aftermath of a disaster attracts opportunists and scammers. Now is an important time for Texans to ready their homes, families and businesses for the worst that Mother Nature may throw their way–and to protect themselves from fraud. Too often, criminals pose as insurance inspectors, government officials or building contractors to prey on …

— Spring means spring cleaning, and AARP is here to help. That’s why, for one week at the end of April, we will be hosting ShredFest 2016 across the country. Texas stops include Corpus Christi, Fort Worth and Houston, so join us to safely get rid of unwanted documents, outdated electronics and old medications. ShredFest 2016 is free and open to the public. There will be large shredding trucks on-site. Too often, identities are stolen, and fraudsters are victorious. Sensitive information–such …

— The holidays are upon us, which means it’s a time for family, food, joy and shopping. It’s also occasion to be aware of fraudulent acts like fake charities and credit card scams, many of which target older persons. According to the National Philanthropic Trust, Americans gave $358 billion to charities last year. Unfortunately, there are some fake charities that misuse the name of genuine organizations or make up their own group names. “It’s good practice to stay vigilant to protect …

— Mother Nature’s soggy wrath, a monumental first-of-its-kind celebration, and an airshow could not keep more than 600 drivers from recycling their private documents and electronics in Corpus Christi. The AARP Shred Day event was held at KIII-TV (an ABC affiliate) Saturday, April 18 and it set a new record. The event was highly publicized online and during KIII-3 newscasts, and people were listening. In fact, the shredding was scheduled to begin at 9 a.m., but it started 40-minutes earlier because …