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Free financial advice helps seniors avoid trouble

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From 1 to 3 p.m. the first Wednesday of every month, Bailey meets with seniors one-on-one for half an hour at the Federal Way Community Center, 876 S. 333rd St., to discuss their financial concerns.

To learn more, call (253) 835-6900.

By JACINDA HOWARD

The Mirror

Most people experience three financial stages in life.

The first, which happens at a young age, consists of accumulating assets. The second stage occurs mid-life and involves the preservation of those assets. The third stage happens late in life when utilizing the assets becomes crucial, said Claire Bailey, a Waddell and Reed senior financial advisor.

Bailey realizes that managing money is not always an easy task. She is also aware of thieves who prey on the elderly to make a profit, and that some seniors could use advice on how to conserve money and apply their assets

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