When he was asked why he robbed banks, Willie Sutton famously replied, “Because that’s where the money is.” Today, our retirement nest eggs are where the money is. Whatever their size, those nest eggs are a tempting target. As we age, our ability to protect them decreases. Do you know the signs of financial abuse?
Watch out for scams! A warning from Medicare. Be aware of con-artists and scammers who may take advantage of the national emergency to steal your identity and commit Medicare fraud. Read more for ways to help fight Medicare fraud.
Have you been a victim of elder fraud? After the horse has bolted the barn, is there anything you can do? Actually, yes. Read more for ways you can mitigate the damage and maybe even make yourself a less attractive target in the future.
Many seniors are going broke thanks to their brokers. Excessive trading. Unauthorized trading. You don’t have to be a lawyer to see the evidence of theft. Read more here.
Every year one out of five Americans is a victim of some form of financial abuse. In 2017 the Federal Trade Commission received 2.7 million reports. Much of the theft goes unreported. Some may also go unnoticed….until it is too late. With 70% of money held by people over the age of 50, how do you curb senior financial abuse?
Is your loved one, neighbor or friend at risk of elder abuse? How can we tell? What should we do? Read more for red flags to look for indicating elder financial exploitation.