If it's time to start protecting your parents or the seniors in your life from financial fraud, check out these simple steps.
Older adults often have an accumulated nest egg, may be more socially isolated, and could experience cognitive decline. It's vital to have conversations with seniors in your life about how to stay protected from fraud.
Get talking One of the most important things you can do is to keep the dialogue open with aging parents or family members. Discuss the risks of fraud, the latest scams, and how to keep personal information safe. Stay connected Another way to protect seniors from fraud is to stay connected with them. Check in with them regularly and ask questions. Encourage your loved ones to have their bank set up alerts for unusual account or credit card activity that could be fraudulent.
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