Top 10 Senior Scams and How to Fight Back

Our golden years should be filled with relaxation, joy, and even a little travel. Unfortunately, happy moments can become problematic when schemers target seniors who just want to enjoy their retirement! According to the Georgia Attorney General’s Consumer Protection Division, these acts are the “crime of the 21st century.” Turn the tables on these schemers by educating yourself about the ten most common scams.

Free Medicare

Beware of “free” medical equipment or surprise visits from supposed “Medicare officials.” These imposters might take personal information or bill Medicare for phony services. Stick with verified representatives from your trusted healthcare provider.

Fake Prescriptions

Counterfeit prescription medicine can be dangerous and ineffective. Never buy from questionable sources, and defer to reputable pharmacies that fill prescriptions directly from the doctor. Taking these might only worsen your condition instead of alleviating it.

Anti-Aging Tools

Don’t be fooled by promises of eternal youth in a jar! Fraud anti-aging products often make unrealistic claims and can even be harmful. Consult a dermatologist for safe and effective skincare practices. You can also use natural products if they suit your skin.

Telemarketing

Those suspicious robocalls can be more than annoying—they can be scams. Grifters might use scare tactics or pose as legitimate companies to try to take away confidential information. Don’t answer unknown numbers, and refrain from sharing private details over the phone.

Phishing

Keep an eye out for marketing emails or pop-ups claiming your computer is infected. These can be attempts to snatch financial data. Avoid compromising your device by ignoring dubious links, and keep your software up-to-date!

Investment Opportunities

Investing methods that provide substantial returns with minimal risk typically seem too good to be true. Do ample research thoroughly before shelling out cash, and never give money to someone who pressures you into a quick decision.

Mortgage Mayhem

Aggressive salespersons pushing unnecessary repairs are a red flag. Don’t feel pressured! Get quotes from multiple licensed contractors and compare prices before signing anything. For reverse mortgages, seek professional advice before making any decisions.

Sweepstakes Swindle

Ever receive a notification declaring you’ve won a dream vacation or a hefty cash prize? Before you celebrate, most of these “sweepstakes” often come with a catch: a mysterious “processing fee” or “taxes” you need to pay upfront. Remember, real lotteries never require you to pay to win.

Grandchild Bait

Every family’s worst nightmare is getting a frantic call saying their “grandchild” is in trouble! Defrauders take advantage of our love for kin by posing as distressed relatives needing money fast. Don’t give cash unquestioningly—call each loved one to verify the story.