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Eldercare
Reply to "Falling for phone scams - When do you take over financial responsibility?"
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[quote=Anonymous]We're in almost the exact same situation with my mom. The bulk of her savings is with a financial advisor who knows that no large transfers are allowed without approval from me or my brother. We automatically have $x moved to her checking account each month, and she uses that for everything - no more credit cards. Just the checking card. At the most, she can only be scammed out of ~$5-10k depending on the time of the month. She just fell for scam recently and gave out some account and password information. It's unclear how much she actually told them because she doesn't know the difference between her email password, her apple password, and the PIN she uses to unlock her phone. My only hope is that they had no idea what she was talking about either. Her email now has only my phone number for 2FA. All I can say to the people who haven't reached this point - put the safeties in place now. They are aware enough to watch out for scams until they aren't, and there is no flashing warning sign when they cross that line.[/quote]
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