Practical Strategies for Protecting Retirees Against Scams & Fraud

On today's episode, we're going talk about scams and how they are more prevalent than you might think. In fact, just in 2022, there were more than 88,000 complaints of fraud that resulted in more than $3 billion in losses from people age 60+.

Your Guide:

On today’s episode, we’re going talk about scams and how they are more prevalent than you might think. In fact, just in 2022, there were more than 88,000 complaints of fraud that resulted in more than $3 billion in losses from people age 60+.

Scams targeting older adults, even with those high numbers, and still on the rise. We’re going to talk about some of the most common scams that you should be on the lookout for, strategies to combat these scams, how you can spot them, and we’re just going to cover a lot of ground and really arm you with what you need to know to help protect you or a loved one that’s in this age group.

We’ve got some stories to talk about today that are going to educate and inform you so stay tuned.

Here are some of the questions we’ll tackle in this episode:

  • Why are people age 60 and over common targets?
  • The top five scams that constitute 65% of the complaints.
  • The ‘Can You Hear Me’ scam that is easy to fall for.
  • What steps can you take to protect yourself and increase your cybersecurity?

 

Additional Resources: 

https://www.ncoa.org/article/top-5-financial-scams-targeting-older-adults

https://www.ncoa.org/article/how-older-adults-can-improve-their-personal-cyber-security

 

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ABOUT YOUR HOST...

Scott Dougan founded Elevated Retirement Group in 2003 in order to fill a niche he felt was not being addressed properly in the retirement planning environment – helping retirees and pre-retirees in the Kansas City metro area find answers to issues that may affect the quality of life during their retirement.

Scott is a Registered Financial Consultant (RFC) and holds a Series 65 Investment Adviser Representative license, which holds him to the fiduciary standard. He also holds insurance licenses in Kansas, Missouri and other states.

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