Senior citizens comprise only 15% of our nation's population. But, they account for 33% of all Americans victimized by financial fraud annually.

What's worse is that many elderly hide their losses, either because they're ashamed, don't understand they were bilked, or worry their families will find out and determine they can no longer handle their own affairs.

If you live near a senior loved one, pay attention to these signs.

1. Sudden changes in banks.
2. Checks to unknown entities.
3. Abrupt changes in wills.
4. Transfers of assets to an acquaintance.
5. Peek at the mail on the kitchen table to see where it's coming from.
6. If you live far away, check in with neighbors and people who provide service to your loved one. Ask them to report any changes they see in the senior's daily routing.
7. And most importantly, talk about fraud with your loved one. Talk about it early, and talk about it often.

Click on the links below to learn more about protecting your elderly loved ones:

• Senior Citizen Scam Alert
• Vital Information You Must Have About Your Parents Finances
• 7 Alternatives to Nursing Homes