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Seniors are taking the brunt of financial fraud to the tune of $3.4B+. Learn the most common peer-to-peer, impersonation and other scams on the rise to keep your money safe.
Elder financial scams are skyrocketing, with suspected fraud against seniors up nearly 50 percent in 2023, according to Thomson Reuters data (and 2022 was already a record year, up 50 percent from ...
The senior section of the spoof website collection includes sites that target the most common pain points for seniors. Top of the list are fake websites for cheap pharmaceuticals, prescription ...
Find Out: Top Money Moves for Boomers, Gen X, Millennials and Gen Z. Remote Job Scams Gen Zers Fall For the Most. Here are two remote job scams that target Gen Zers, according to Durst. Shipping Scams
Call Medicare at 1-800-MEDICARE or the U.S. Health and Human Service’s fraud hotline (800-447-8477). Report identity theft to the Federal Trade Commission at identitytheft.gov. File a complaint ...
For example, if the government allows an exemption of up to $2 million on an estate then the tax on a $4 million estate would only be paid on $2 million worth of that estate, not all $4 million. This reduces the effective estate tax rate. In 2001, the "exclusion" amount on estates was $675,000 and the top tax rate was 55%.
Cryptocurrency is a popular scam right now since many seniors know so little about it. If you are offered an investment on the phone, turn it down and do your own research. Dan Shick/Wikimedia Commons
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