(In)securities: Safety for Seniors
Learn practical steps to help safeguard older family members and strengthen financial security across generations.
Elder Abuse Awareness Day was June 15. Older adults face challenges and an increasing need for their protection.
At 7Two, we’re dedicated to safeguarding seniors from scams, along with our primary custodian, Schwab. Here are tips and resources to bolster support and reduce fraud vulnerability:
Stay informed: Discuss finances with older family members and watch for signs like sudden account changes or confusion. Use our Financial Exploitation Prevention Checklist to start the conversation.
Promote account security: Encourage security settings like 2-step verification and review social media privacy. Learn more at SchwabSafe®.
Report suspicions: Report suspected financial exploitation to local services, law enforcement, Schwab, and financial institutions.
Review finances: Monitor accounts for unauthorized activities and consider adding a financial caregiver. See Your Guide To Choosing a Financial Caregiver.
Plan ahead: Organize important documents and add a trusted contact for protection. Learn more at Prepare for the Challenges of Aging and Why You Should Establish Trusted Contacts.
Shield personal information: Avoid sharing account details or codes in response to unexpected communications. See 10 Tips for Keeping your Accounts Secure.
Don’t grant unsolicited remote access: Avoid unknown links or granting access unless you initiated contact and verified identity.
Additional resources available at Protecting Senior and Vulnerable Investors.
7Two is here to help.
If you have questions or need to report suspicious activity, call us.
You may also reach out directly to Schwab Alliance™ at 1-800-515-2157 (or +1-602-355-3405 outside the U.S.).
Together, we can make a difference for our senior family and community members.