The Top 5 Financial Scams Targeting Older Adults

Financial scams targeting older adults are on the rise, resulting in significant losses. According to the FBI, in 2022 alone, there were over 88,000 complaints from individuals aged 60 and above, totaling $3.1 billion in losses—a staggering increase compared to the previous year. Stay informed and protect yourself by learning about the most common scams targeting older adults. Ready to safeguard your finances? Read this comprehensive guide on scam prevention today!

 

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

Our firm is not affiliated with the U.S. government or any governmental agency. Investment advisory products and services made available through AE Wealth Management, LLC (AEWM), a Registered Investment Advisor. Investing involves risk, including the potential loss of principal. Any references to protection benefits, safety, security, and lifetime income generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Neither the firm nor its agents or representatives may give tax or legal advice. Individuals should consult with a qualified tax professional for guidance before making any purchasing decisions. Our firm is not affiliated with the U.S. government or any governmental agency. This material is intended to provide general information and is believed to be reliable, but accuracy and completeness cannot be guaranteed. Investment advisory services made available through AE Wealth Management, LLC (AEWM). AEWM and Gregory Ricks & Associates are not affiliated companies. 02432509 – 5/24