Retirees are often targets for scams, whether a person is knocking on the door, calling you on your cell phone, or sending you emails.
As you work to find ways to reduce financial stress, one of the worst mistakes you can make is to fall for one of these scams.
How do you know if it’s a scam? Here are some of the most common scams and how you can avoid them.
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1. Grandparent scam
The grandparent scam often involves a phone call to a grandparent pretending to be the person’s grandchild. They ask for money or say that the grandchild is in jail and needs cash to be bailed out.
Before you actually pay anyone money, ensure they are really a relative. They may call with a trick question to get you to reveal information, such as “Grandma, do you know who this is?”
The best way to avoid this scam is simply not to give out any information before you verify who it is. It’s not likely that your grandchild will call you requesting money like this.
2. Health care scam
Seniors may be throwing away their money when it comes to health care scams. Some will call pretending to be from Medicare to try to gain access to your account numbers, personal information, or contact info.
Others will make statements that they “spoke to your daughter” and that it is “OK to give us your Social Security number.”
Many times, this type of health care scam involves promises to help seniors get a lower price on medical insurance. They may request…
