Did you know that approximately 5 million senior citizens succumb to financial abuse each year? Whether you are nearing or already enjoying retirement, it pays to stay on top of finances.
Publications and websites with financial information specifically for senior citizens are available below.
Information from DFI
Fighting Fraud 101 (PDF)*
Smart tips for older investors. How to spot and avoid fraud. Produced by FINRA, AARP, and DFI.
Beware of Investment Scams
Whether you are old or young it is never too late to become a more educated investor. Learn what you should to do before you invest and how to avoid investment scams and frauds.
- Frauds That Target the Elderly
Common financial scams and frauds designed to trick consumers – especially elderly people – into giving up money, property or valuable personal information.
- Helping Your Money Last... After Your Last Paycheck
Suggestions from DFI on how to make money last after your last paycheck.
- Maximize Your Retirement Investments (PDF)*
Deciding where to invest your retirement money is one of the more difficult decisions you will make. This booklet gives you an overview of different investment options to help you maximize your retirement portfolio.
- Simplify and Organize Your Finances
Everyone can use some help getting their financial affairs in order, especially senior citizens who may face special challenges and decisions involving money management later in life.
- Fake Documents Used to Steal Seniors Homes
Criminals are filing fake deeds to gain control of homes, often those belonging to the elderly, according to recent reports.
- Elder Fraud by Relatives or Caregivers
Frauds and thefts against the elderly by people they know and trust are surprisingly common. Read about the warning signs and what you should do if someone you know and trust is trying to con you.
Note: Due to uncertainties associated with valuations in the housing market, some large well known lenders have stopped providing reverse mortgages. If you are interested in a reverse mortgage be sure you carefully investigate any company you may do business with, beginning with whether it is authorized to do business in Washington. DFI is happy to help you confirm proper licensing or regulation of any company. Contact us at 1-877-RING DFI (1-877-746-4334) with questions or concerns.
Reverse Mortgage Fact Sheet
Information from DFI about reverse mortgages.
- Reverse Mortgage
- Reverse Mortgages: Are They for You?
From the Office of the Comptroller of the Currency
Helpful Websites and Resources
- SaveandInvest.org - FINRA
- NASAA Senior Resource Center
- Financial Security in Later Life
- U.S. Financial Literacy and Education Commission
- Consumer Protection Information for Seniors
- Social Security Online
- Financial Affairs End of Life Planning Guide (PDF)*
- Washington State Attorney General Senior Section
- Home Improvement FAQs and Programs
- How to Report Medicare Fraud
* This document is a PDF file, and you will need Adobe Acrobat Reader to view it. If you don't already have Acrobat Reader installed on your computer, you may download it for free from Adobe.