Elder Abuse & Financial Scams | Money Talks Ep 4

Описание: In this episode of Money Talks, Ken Wink and co-host Tony dive into the alarming rise of elder abuse and financial scams, shedding light on the dangers that threaten the financial well-being of seniors. From real-life scam stories to practical advice on how to protect yourself and your loved ones, this episode is a must-watch. Ken also offers professional tips on setting up powers of attorney, estate plans, and the importance of regular financial reviews. If you or someone you care about is over the age of 60, this episode could be a game-changer.

Timestamps:

00:02 - Introduction to elder abuse and financial scams
00:23 - National Elder Abuse Awareness Day
00:48 - Types of elder abuse, focus on financial abuse
01:04 - Ken introduces co-host Tony
01:34 - Tony's near-miss with a Publishers Clearing House scam
03:08 - Scam verification tips from Publishers Clearing House
03:54 - Family members affected by scams
04:43 - Statistics on elder financial scams
05:08 - Example: Fake Microsoft tech support scam
06:14 - Movie recommendation: "The Beekeeper" and its realism
07:31 - Importance of open conversations with elderly family
08:15 - Role of financial advisors in fraud prevention
09:25 - Setting up power of attorney and estate plans
10:53 - Communication and knowing red flags
11:24 - Value of regular account review
12:12 - Credit freezes and monitoring tips
12:57 - Caller ID manipulation and scam calls
14:23 - Google search scam leads to hacking
15:07 - Importance of unique, secure passwords
16:32 - Common scam: The grandparent scam
17:42 - Emotional manipulation and urgency in scams
18:46 - Caller ID spoofing and verification strategies
19:05 - Tech support scam breakdown
20:13 - Personal story of Summit Financial targeted by hacker
21:46 - Romance scams and emotional manipulation
22:56 - Statistics and heartbreak of romance scams
23:53 - Long con scams and emotional blindness
25:04 - Fake love and wire transfer red flags
25:46 - Summit Financial’s no-cost consultation services
26:12 - Retirement planning and financial security

📞 Have questions? Need advice? Contact Ken Wink at Summit Financial Consulting LLC to set up a consultation today!

👉 Call us at 586-226-2100
👉 Visit us at summitfc.net

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