Inside Out Blog

Top Ten Tips for Savvy Seniors

Financial scams targeting seniors have become one of the fastest growing crimes of the last decade. These scams often go unreported or can be difficult to prosecute, but they can be devastating to many older adults. Money lost in one’s older years often cannot be replaced, as these individuals are no longer earning new funds. Older adults control the majority of personal wealth in our country, making them targets for con artists and thieves. But it is not just wealthy retirees that are targeted—low-income older adults are scammed as well. Surprisingly, a large number of these scams or thefts are perpetrated by family members or close friends. To protect yourself, keep these tips in mind.  
 
Be aware that you are at risk from strangers, but also from those closest to you. 
 
Never sign blank insurance forms.  
 
Do not buy anything from an unfamiliar company. 
 
Always get information in writing.  
 
Before doing business with an individual, get his or her name, company, address, phone number, and business license.  
 
Always take time making a decision. Do not sign anything before you’ve had time to consider it.  
 
Do not isolate yourself. Try to stay active with family, friends, and your community. 
 
Sign up for the “Do Not Call” list (www.donotcall.gov). 
 
Never give your credit card, banking, Social Security, Medicare, or other personal information over the phone unless you initiated the call. 
 
Involve other relatives if a family member or friend asks for money or requests access to your financial information.  

B' nai B' rith Wilkes Barre Apartments in Wilkes-Barre, Pennsylvania goes above and beyond to improve your daily lifestyle with our spacious floor plans, unparalleled amenities, and incomparable customer service. We hope these tips will inform, educate, and ultimately, provide you with a better way-of-life.

#WilkesBarre #Saving

#WilkesBarre #Saving
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