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This Social Security Program Could Help Retirees With Dementia

A seldom-used Social Security program could help more people with Alzheimer’s or other forms of dementia manage their money, according to a new research brief from Boston College’s Center for Retirement Research.

The Representative Payee Program lets a designated proxy receive and manage a retiree’s benefit check for them. Without some form of money management, seniors with dementia are especially vulnerable to financial fraud, abuse, or mismanagement.

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