Keeping your Elderly Loved Ones Safe from Cyber Scams

This WSJ article is worth the read: "Retirees Are More Vulnerable to Cyber Scams—but Not for the Reasons You Think"

The Top 2 Reasons Retired People are More Vulnerable to Scams

1) When people retire, they lose the informal and formal support they had around cybersecurity (work trainings, colleagues sharing stories)

2) Their confidence drops. They are worried they will break something if they even just install a security update, so they tend to do nothing.

How to Help Retired People Stay Safe Online

1) Don't just fix an issue with a loved one's phone or computer. It creates dependency and a feeling of inadequacy. Instead, give them a step-by-step explanation of what you are doing and why.

2) While expensive, buying new devices periodically, having them set up in the shop, and purchasing the support package can help.

Linda Rogers, CFP®, EA, MSBAis the owner and founder of Planning Within Reach, LLC (PWR). Originally from New Jersey, Linda services clients throughout Virginia Beach and nationwide. She leads the design of PWR's investment portfolios which utilize broad, low-cost investments that integrate environmentally, socially, and governance (ESG) factors.

Planning Within Reach, LLC (PWR) is afee-only and fiduciary wealth management firm offering one-time comprehensive financial planning and ongoing impact-focused investment management in Virginia Beach and nationwide. PWR is a woman-owned firm that specializes in busy professionals and impact investors. Planning Within Reach, LLC and their advisors do not receive commissions and do not hold any insurance licenses or brokerage relationships.