While financial abuse and scams are believed to cost older Americans an estimated $3 billion annually, you can help prevent them and protect yourself.

Some steps you can take include:

• Plan your financial future with trusted family members, friends and professionals. If managing your daily finances is difficult, consider engaging a money manager.

• Never provide personal information — your Social Security number or credit card — over the phone unless you placed the call and know with whom you are speaking.

For additional tips about avoiding financial exploitation or if you suspect you or someone you know is being exploited, call the Eldercare Locator at (800) 677-1116 or visit

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