https://longevity.stanford.edu/wp-content/uploads/2017/05/new-logo2-01-300x107.png 0 0 admin https://longevity.stanford.edu/wp-content/uploads/2017/05/new-logo2-01-300x107.png admin2016-05-10 16:53:362016-05-10 16:53:365/4/2016 - How To Solve The Elder Financial Abuse Epidemic
The most vulnerable among us need protection and guidance. Here’s what you can do:* Never give out financial information, your Social Security number, or your Medicare number over the phone unless you initiated the call. * Don’t respond to calls, letters or emails from “Medicare” officials. Medicare employees, and those of any legitimate business, will never ask for your full Social Security or Medicare number. * Beware of pushy marketers–don’t hesitate to take down their contact information and do your due diligence. Just say no. * Check the fine print when ordering products online or from TV ads. Many times the shipping and handling charges can be as much as the actual product you are ordering. * Consult someone you trust if you’re feeling uncertain about requests for money or personal information. Don’t provide any personal information over the phone. * Never send money today for the promise of more money later. * Don’s sign on the dotted line for any complex investments you don’t understand. * Don’t give away power of attorney to anyone unless family members and personal advisors such as lawyers, accountants and financial planners have reviewed the documents. * There is no free lunch. If a firm invites you out to a meal, they want you to sign up for an investment, real estate or a pure swindle. * Avoid sweepstakes, “money claim” offers and pleas to help a relative in a foreign country. These are all scams. * Use “caller ID” features on your phone. If it’s a toll-free number you don’t recognize, don’t pick it up.
Read the full Forbes article here.