Seniors are victimized by financial scams

Scams on seniors are at an all time high. The reason is simple, they have lots of money. Families need to learn simple tips to protect seniors from losing their hard earned savings.

Seniors are being targeted for their money

“Millennials think they don't need seniors.”

According to a recent news article, baby boomers had 9 trillion dollars in assets in 2019. Major banks and investment firms are catering to seniors with retirement accounts, 401K savings and paid off homes. The problem is thieves also know some seniors have lots of money. They don't have to break into your home to steal your money, just break into your vulnerable mind. Phone scams, email phishing and cracking your bank's password are the 21st-century tools of crooks.

If you are not going to open new credit to buy a car, house, or new credit card then you can protect yourself. One great tool is to freeze your credit with the 3 credit bureaus.

No one, not even you, can open a new account if your credit is frozen.

Because the topic is complex, if you need help with a personalized plan of action then we can help.

Our Tips4Living consulting services can help you with that personal plan.