Elder Financial Abuse Is a Growing Concern. Here Are Red Flags to Watch For.

Imagine you're retired, living on Social Security checks and retirement account withdrawals, and your spouse recently died. You're lonely and facing new challenges. Someone new moves into your apartment complex and befriends you. You can't remember the last time anyone made you smile so much, and you're grateful for the company. The relationship feels effortless, with your new friend putting in most of the effort.After you've known your new friend for a few months, you notice several unfamiliar charges on your credit card. Once you see where the charges were made, you realize that your new "friend" helped themselves to your card. You confront them and they apologize profusely, say they'll repay you, and promise it will never happen again.But it's often the case that they won't repay you, and unless you take action, it will happen again.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool