Consumer spending

Summer edition of FDIC newsletter features financial tips for seniors

150px-US-FDIC-Logo.svgThe FDIC said on Monday that its summer issue of “Consumer News” would feature a number of articles related to financial advice for seniors as part of an effort to help older Americans make informed decisions and protect their investments.

The newsletter begins with 15 tips on topics from finding reliable help with finances to earning and managing money. Other articles offer suggestions for avoiding fraudsters and scammers, what to know before agreeing to a loan backed by a home and tips for wanting to help relatives.

The newsletter also offers advice for preventing wire transfer scams and details new protections for sending money abroad that are set to take effect next month. It also features information on adjustable-rate mortgages, basic information on Health Savings Accounts and help for student loan borrowers having trouble meeting payment obligations.

The summer edition of the newsletter can be found or printed at The FDIC encourages government organizations, financial institutions, consumers, educators and the media to help make information from the newsletter widely available.

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