The elderly lose billions a year to scammers — and you may be at a loss on how to protect them. It’s a common concern among the boomer-aged children of the oldest Americans.
In many scams, your parents may be targeted more often than other age groups and fall victim more often, too. And once burned, they may be hit up again as easy marks.
All this is made easier for the scammers if you live elsewhere, unable to run interference on incoming phone calls, emails, and mailed letters from con artists. Giving your parents stern warnings or demanding power of attorney to control their finances may seem like the way to go — but often those tactics come with nasty emotional fallout.
