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.
While many of us do not plan to borrow during retirement and so are comfortable opting out of credit card offers and putting a freeze on our accounts at the major credit reporting agencies, we may not even be aware of the potential for telecom and utility fraud. How can we attempt to prevent someone from installing Dish TV or a phone at our expense?
Even though “Jenny” exhibited many of the established elder abuse risk factors, she did not become a victim of elder abuse herself. She possessed four qualities that helped her live at home alone, thrive despite disability, and remain abuse-free. Read more for how she was able to live life on her terms.