Common financial scams targeting seniors include fraudulent phone calls, emails, and letters claiming to be from government agencies, fraudulent investment schemes, and fake charity scams.

Seniors can safeguard themselves against financial scams by being cautious with their personal information, being skeptical of unsolicited offers, verifying the legitimacy of requests, and seeking advice from trusted family members or financial advisors.

If seniors suspect they have been targeted by a financial scam, they should report it to the appropriate authorities, such as the Federal Trade Commission or their state attorney general’s office, and contact their financial institution to prevent any further unauthorized transactions.

Yes, there are resources available to help seniors protect themselves against financial scams. These include organizations such as AARP, the National Council on Aging, and the Consumer Financial Protection Bureau, which provide information and resources on how to recognize and avoid financial scams.