Financial Scams

If you’re reading agebuzz you probably fancy yourself an educated consumer, one unlikely to fall prey to scams or fraud. But that self-confidence is easy to pierce, given the ever-shifting scams that fraudsters perpetrate against even the most savvy. For example, since many of us wised-up to the fraud involving…

Raise your hand if regularly receive robocalls from strangers hoping to separate you from your money or personal info. It’s not your imagination that these calls are more frequent. They’re on the rise across the country, and may specifically target older people who are considered easy prey for savvy or…

For many of us, it’s the lifeline of our retirement financial security. Estimates are that for nearly half of us over age 65, 50% of our income comes from Social Security. And for nearly ¼ of us, Social Security amounts to almost 90% of our retirement income. That’s a big…

You know the score: your cell phone rings and it looks like a familiar number- or at least a local number. So you answer, assuming it must be someone you know. But more likely it’s a scammer trying to swindle you out of money. This trap is called “neighborhood spoofing”…

It can happen to the best of us- one enticing phone call promising easy money for a little bit of info, or one sad story that tugs at our heartstrings, and just like that, we’ve been swindled. And perhaps most galling: it may be people we most trust, or most…

No one likes to think of themselves as being vulnerable or unable to look out for themselves. But the reality is that unsuspecting seniors are disproportionately the targets of fraud and scams, although apparently, many may not realize how personally vulnerable they are. In a new report put out by…