10 Common Scams Targeting Retirees and How to Avoid Them

As we age, the risk of falling victim to scams increases, particularly for retirees who may be targeted by fraudsters. This article highlights ten common scams that prey on older Americans, including lottery scams, grandchild scams, charity scams, and more. By familiarizing yourself with these schemes, you can better protect yourself and your loved ones from financial harm.

The article also provides practical tips for staying safe, such as not sharing personal information with unknown third parties, being cautious with unsolicited offers, and consulting trusted advisors before making any decisions. If you suspect you’ve been scammed, acting quickly to protect your accounts and identity is crucial.

The foregoing material is for information purposes only and does not purport to be a complete description of the material referenced herein, nor is it a recommendation. The information has been obtained from sources considered to be reliable, but there is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct. Any opinions are those of J. Blum & Associates Wealth Management and not necessarily those of Raymond James. All opinions are as of this date and are subject to change without notice. There is no assurance that any investment strategy will be successful. Future investment performance cannot be guaranteed, investment yields will fluctuate with market conditions. Every investor’s situation is unique, and you should consider your investment goals, risk tolerance and time horizon before making any investment. Prior to making an investment decision, please consult with your financial advisor about your individual situation.

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