EPISODE 25
How do I help protect my family from fraud?
Elder fraud is sadly common. Here are the red flags to watch for so you can spot it early and help your loved ones.
published: June 24, 2026
Hard truth: Elder fraud is sadly common. And your aging loved one’s financial decisions might reveal the first signs of cognitive decline. Do you know how to help protect them in a world of evolving, sophisticated schemes?
In this episode of Money On Your Mind, host Michael Liersch is joined by EFE financial planner Paul Jordan, who brings almost 20 years of experience to his clients and their caregiving families. Michael and Paul discuss how increased isolation can make aging people more vulnerable to financial exploitation and how it can go unnoticed by family members and professionals alike.
Paul also shares the red flags that may indicate a client is being defrauded, and what safeguards – like listing a trusted contact and early estate planning – could help protect them.
Related listening: Catch episode 15, “What’s really getting in the way of estate planning?”
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Money on Your Mind is produced by Edelman Financial Engines and hosted by Michael Liersch. Information is believed to be reliable but is not guaranteed. This content is for educational purposes only and does not constitute investment, legal, insurance or tax advice. It is not an offer to buy or sell any product and does not represent an endorsement of third parties. All investments have inherent risks. Consult a financial advisor before investing. Individual results may vary.