Protecting Your Finances Is Protecting Your Independence
Financial security plays a vital role in living well — and living long. In recent years, financial fraud targeting older adults has increased significantly, costing seniors over $3 billion annually. But the message isn’t fear — it’s empowerment. By learning a few practical habits, you can protect your savings, your peace of mind, and your freedom of choice.
At On Our Way to 100, we believe longevity isn’t only about health or fitness — it’s about thriving in every area of life, including your finances.
Stay Informed and Aware
Knowledge is your strongest defense. Scammers rely on confusion and urgency to trick people into acting quickly.
- Pause before responding to any message or call that demands immediate action.
- Verify first, act second — contact companies or agencies directly through trusted numbers.
- Stay updated with current scam alerts through the FTC and AARP Fraud Watch Network.
Talking openly with friends or family about new scams can also make a big difference. Treat it like a team effort — the more people share what they’ve seen, the safer everyone becomes.
Build Everyday Financial Safeguards
Small, consistent actions add up to long-term security:
- Set up account alerts with your bank or credit union.
- Freeze your credit with Equifax, Experian, and TransUnion to block unauthorized accounts.
- Shred personal documents before discarding them.
- Use credit cards, not debit cards, for better fraud protection.
- Maintain relationships with your bank staff — they can spot unusual activity early.
These habits don’t just guard your finances — they reinforce your sense of control and confidence.
Strengthen Your Digital and Legal Defenses
Your online security is just as important as your physical wallet.
- Use unique, strong passwords for all accounts.
- Install call-blocking tools or sign up for the Do Not Call Registry to reduce scam calls.
- Consider working with an attorney to establish durable power of attorney for finances — ensuring a trusted person can step in if needed.
Technology and legal planning can feel intimidating, but they’re key parts of long-term independence.
Take Quick Action if Fraud Occurs
If you suspect a scam or financial theft:
- Contact your bank immediately.
- Report the crime to your local police and the FBI’s Internet Crime Complaint Center (IC3.gov).
- Call the National Elder Fraud Hotline at 833-FRAUD-11 (833-372-8311).
- File a report at ReportFraud.FTC.gov to help track patterns and protect others.
Acting quickly increases the chance of recovering funds — and helps stop scammers in their tracks.
Living Longer, Living Smarter
Staying financially strong is an important part of your journey toward 100. It allows you to focus on what truly matters — your health, your relationships, and your sense of purpose.
By combining awareness, prevention, and confidence, you can protect not just your money but your freedom to live life on your terms.