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Its true that the stereotypical scam picture paints older people as disproportionately victimized.

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Today, however, we know that scams affect everyone, no matter what age they are.

However, when older people did lose money, the median amount was much higher.

Its a similar story for scams, she noted.

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Here are several ways retirees have avoided getting scammed out of money, according to experts.

Watch Out for Red Flags

Some scams have telltale red flags to look out for.

Theemail or phone numbermay even be recognizable, as well.

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you could do this by contacting the organization or individual directly using verified contact details.

Take Your Time

Dont let scammers play on your emotions.

According to Psychology Today, people under time pressure are more likely to fall for phishing scams.

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Some scammers will even make their scheme a little more obvious to specifically target impulsive thinkers.

Take your time when readingemails or messages, especially those related to money.

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