Answer: Some safe investment choices for seniors include bonds, dividend-paying stocks, real estate investment trusts (REITs), and certificates of deposit (CDs). These options typically provide steady income with lower risk compared to more volatile investments like individual stocks or cryptocurrencies.

Answer: Seniors can protect themselves from investment scams by conducting thorough research before investing, avoiding high-pressure sales tactics, and consulting with a financial advisor. It is important to be cautious of offers that seem too good to be true and to never provide personal information or money to unsolicited callers or emails.

Answer: Seniors can utilize resources such as the Financial Industry Regulatory Authority (FINRA), the Securities and Exchange Commission (SEC), and the Consumer Financial Protection Bureau (CFPB) to educate themselves on safe investing practices and to check the credentials of financial professionals. Additionally, many banks and credit unions offer financial literacy programs specifically tailored for seniors.