Some common financial scams that target seniors include Medicare scams, grandparent scams, lottery scams, romance scams, and fake charity scams.

Seniors can prevent falling victim to financial scams by being cautious of unsolicited requests for personal information, verifying the legitimacy of any requests before providing any sensitive information, 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 bank or financial institution to prevent further unauthorized transactions.

Yes, there are many resources available to help seniors learn more about financial scams, such as the AARP Fraud Watch Network, the National Council on Aging’s Senior Medicare Patrol program, and the Consumer Financial Protection Bureau’s Office for Older Americans.