Avoiding Scams For Seniors

Avoiding Scams For Seniors

In recent years, seniors are increasingly becoming the targets of scams and other fraudulent activities. Retirees nowadays are more well-off compared to those of the past generations.  In fact, United Income reports that the average wealth a retiree holds has risen by more than 100 per cent to almost a quarter of a million dollars. Majority of their assets are also liquid making it easy for them to access it whenever they need it. While this is great, the downside of the fast access to cash makes them a vulnerable target of scammers. Dorothy Lambing from Louisiana are among the cases, who unfortunately lose valuable assets to fraudsters. Dorothy received a notice saying she won thousands of dollars and can only claim them if she sends them $2,500 as processing fee. This is just a small fraction of the $3 billion stolen from seniors each year, as the Justice department estimates. Continue Reading...

Comments

Post a Comment

Popular posts from this blog

Telltale signs of Alzheimer’s disease

Image
It is common for seniors over 55 years old to experience forgetfulness, but how do you know the memory lapse is simply from aging or a sign of Alzheimer’s disease? Alzheimer’s disease is a type of dementia that refers to loss of memory and of other cognitive abilities that usually interferes with seniors’ daily activities. While forgetfulness happens once in a while, Alzheimer’s worsens and becomes more prominent as individuals lose the ability to respond to stimuli in their environment.   As an example, most people diagnosed with Alzheimer’s have a hard time carrying on a conversation. The Alzheimer’s Association gives a guideline of 10 symptoms to watch out for to figure out if the symptoms their loved ones exhibit is just part of aging or a sign of Alzheimer’s. Memory lost is most commonly associated with Alzheimer’s, however; forgetting details such as names is also part of aging. What separates someone with Alzheimer’s is they tend to repeat themselves in aski...
Read more

Why Consider Active Adult Communities

Image
Sometimes, when people talk about aging, they come up with negative connotations instead of all of the positive ones. Instead of saying living in a senior community frees up one’s time from burdensome chores, people say living in a senior community is synonymous to being too old to be able to do their daily chores. Instead of saying one will get the help they need when they need it, people would say being in a senior home means giving up the independence to do things on their own. If anything, it actually gives you more independence to do more of the things you like. The infrastructure of living in a independent 55+ community affords many benefits under one roof, and sharing it with new friends! It’s similar to the concept of insurance an employer gets for their employees. Continue Reading ...
Read more