Addressing Elder Financial Abuse: Research and Prevention Tips with Dr. Peter Lichtenberg

In today's episode, host Dave Hall invites back Dr. Peter Lichtenberg, a renowned expert in the field of elder financial abuse, to shed light on this critical issue. Dr. Lichtenberg, a clinical gyropsychologist, discusses the misappropriation of older adults' funds through theft or scams, shedding light on the alarming increase in financial exploitation across all age groups.The conversation delves into the differential impacts of exploitation by a trusted person versus a stranger, highlighting the need for effective prevention programs and the encouraging results of the SAFE program. Dr. Lichtenberg emphasizes the importance of autonomy and understanding in dealing with cognitive dissonance, offering practical advice for caregivers and individuals to navigate these challenging situations.Throughout the episode, the discussion also covers the role of AI in perpetuating financial scams, along with valuable insights into reducing stress caused by financial exploitation. If you're looking for resources and tools to address elder financial abuse, Dr. Lichtenberg's website, www.olderadultnestegg.com, offers free information, resources, and training. Support the showFollow us on Instagram: @retirementriskadvisorsLike us on Facebook: Retirement Risk Advisors