Jun 15, 2023
Financial crimes are increasingly victimizing seniors. You can protect yourself and your family by following these tips from the American Bankers Association:
- Shred all unneeded financial documents and offers
- Never give out your Social Security number or account number to anyone you haven’t initiated contact with
- Consult a financial advisor or lawyer before signing any documents that you don’t fully understand
- Trust your instincts – if something doesn’t feel right, it probably isn’t
- Family members should watch for red flags like unusual activity in an older person’s bank accounts, including large, frequent or unexplained withdrawals
Find out how to protect yourself and your family from financial abuse by visiting the ABA at bit.ly/stopfinabuse.
