As a retiree, how do I avoid scams and fraud?

  • Older Americans are highly targeted by scammers, so you need to be especially on guard.
  • Most fraud is committed by people the victims know—friends, neighbors, members of social and religious institutions, and people they’ve done business with before.
  • Take your time when making financial decisions. Get second and third opinions from people you trust. Never yield to pressure tactics, and remember that if something sounds too good to be true, it almost always is.
  • If you suspect you may be targeted for fraud, immediately contact authorities.
  • As a family member or friend, play a role in helping ensure that your elders are not taken by fraud, suspicious relationships or other manipulative attempts to get money from them.