239 - Protecting Seniors from Scams

Back with us today are Mike & Kim Barnes of Parenting Aging Parents. If you missed their first episode with me, Balancing It All, be sure to listen to that one next.

Kim has had to find solutions to prevent her Mom from being scammed again. Scams are a topic I haven't covered before, and we all must understand how to minimize and protect our families from financial losses due to scams.

Older adults are particularly vulnerable to scams. Various investment scams tend to cause the most significant losses for seniors, averaging $17,172 stolen per senior aged 70 to 79. Another high-cost scam for seniors (mainly those 80 or over) is a romance scam, resulting in $10,000 lost per person.

Find Mike & Kim here www.raisingagingparents.com

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