Scammers are constantly finding new ways to steal your money. You can protect yourself by knowing what to look out for.
Contrary to popular belief, recent data from the Federal Trade Commission shows that seniors are 20 percent less likely than younger people to fall for scams. However, when senior scams do occur, the median loss is often much greater.
Losing large sums of money as a senior is typically more detrimental than losing small amounts in your 20s, as most older adults are retired and living off of their nest egg rather than continuing funds from employment.
RetireGuide.com has put together a comprehensive resource that examines some of the most common types of frauds and scams. Learn what to watch for and what steps to take to keep yourself, your loved ones, and your money safe.