Financial Scams

As the year winds down and you prepare for your usual year-end activities- gift purchases, charity donations, holiday gatherings- make sure you watch out for another holiday tradition: scamming unsuspecting buyers and donors who may be caught off guard as they’re caught up in the holiday spirit. From packages that…

Given the recent computer hacking of the Equifax credit monitoring system, all of us need to be at heightened alert over identity theft or financial fraud perpetrated on us. For seniors, this is especially true, as confirmed in a recent survey done by the Cooperative Credit Union Association. In this…

Whether you’re a computer whiz or you just try to stay on top of your US Postal Service mail delivery, you’ve probably encountered attempts to reach out to you from strangers or suspicious characters. You may think yourself savvy and able to ward off dangers, but in fact even the…

While the good news is that more and more seniors have availed themselves of all the internet has to offer, the downside may be that without proper protection, these same new internet users may be vulnerable to the vast array of scams waiting to ensnare them. Older individuals, especially those…

You’ve taken the expert advice and put mechanisms in place in case your aging parents lose their ability to make decisions. Perhaps you have a power of attorney for their finances, and a health care proxy for health care decisions, and you feel like your loved ones are now protected….

So many seniors scrimp and save in order to ensure that they can live out their days in comfort and security. But for way too many older individuals, their rainy day funds become an all too enticing attraction to friends or family members who are ready to pounce. The incidence…