Monday, July 13, 2009

Where is the Money Going

There are new scams occurring everyday, and seniors are especially at risk of becoming a victim. The top senior scams are sweepstakes, home improvement, telemarketing, internet scams, and identity theft. Below are ways to help prevent the loved one in your life from getting scammed.

· Get everything in writing-this includes written receipts and estimates for home repairs, financial records, etc.

· Do not give out personal information– such as social security number and birthday

· Discuss the option of assigning a Power of Attorney

· Do research about any company asking for money before your loved one sends the check

Create a support system– it is necessary for seniors to have people in their life that they can trust and talk to about their problems

· Check in frequently– It is very important to visit or call your parent or loved one often so they don’t feel alone and vulnerable. Seniors who feel alone are more susceptible to scams.

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