Spot These 10 Scams Before They Ruin Your Retirement

It’s a sad fact that when you’re older, con artists put a target on your back.

That’s because seniors are more likely to have substantial savings, own their homes and have excellent credit. Many were raised to be polite and trusting. Retirees also may be lonely or experiencing cognitive decline.

Scammers smell opportunity – and cheat older Americans out of a staggering $36.5 billion each year, a 2015 study from True Life Financial found.