Financial protection for older Americans
Older Americans face many financial challenges as they age. They have opportunities to travel, explore new fields of work or hobbies, or spend time with family and friends. But often scam artists or bad advice take away these opportunities. The Office of Financial Protection for Older Americans is here to give seniors information and tools to navigate safely through financial challenges.
We’ve issued a Request for Information (RFI) to learn more from the public about the financial exploitation of older Americans and best practices for elder financial management. We want to know what you’re seeing and experiencing.
The RFI closes August 20th. Respond to make your voice part of the record.
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You…
…are 62 or over
…can expect to live 21 more years if you are a woman, 17 if you are a man
…like three out of five American families with a head of household 65 or older, may have no retirement savings
…may not know what your benefits are when your spouse dies
…need to ask the right questions
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You may face…
…clever scam artists or desperate family members targeting you because of your home equity or net worth
…a choice between paying the mortgage/rent or your credit card
…complicated decisions about finances, retirement, and long-term care planning
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We’re here to help you…
…prevent others from taking your savings or your home
…understand your financial options when your spouse dies
…find out where you can turn to for information
…learn about your financial choices
…access tools you need to achieve your goals
Get informed…
Considering a Reverse Mortgage? Read Our Guide
Additional Resources for older Americans
Read our blog
Download our brochure