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From Victims to Advocates (All About Internet Scams)
Manage episode 425865194 series 3560500
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If you are older and you have money, you are the prime target for financial scams, and there are a lot of them out there. What can you do to avoid becoming a victim and instead become an advocate for yourself and others? We’ll talk about that and tell you how to spot scams before they’re able to take advantage.
This ‘elder fraud’ has been on the rise in recent years and the sad reality is people over the age lost $3.4 billion to scams in 2023, according to the FBI. There isn’t a week that goes that we don’t have someone telling us about their own personal experience of being targeted in one of these common scams, and things are only getting more sophisticated with the improvements in technology.
Join us today to learn about the latest scams targeting retirees, how to protect your finances, and steps you can take to safeguard your retirement.
Here’s some of what we discuss in this episode:
0:00 – Intro
1:20 – The amounts are staggering
3:55 – Why is the older demographic targeted?
7:10 – What to look out for
13:30 – Ways to protect yourself
18:50 – Become an advocate
About Retirease Radio:
Retirease Radio is hosted by Victor J. Medina, a Certified Elder Law Attorney (CELA®) and a Certified Financial Planner (CFP™). Founder of Medina Law Group & Palante Wealth Advisors, Victor and his companies are dedicated to empowering people through education about estate planning and their finances.
Join and start receiving retirement tools: www.retirease.com
Watch the show on YouTube: https://bit.ly/48pTfhf
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