Retirees Lost $7.7 Billion to Scams Last Year. These 5 Frauds Did the Most Damage

For many Americans, retirement represents decades of hard work, disciplined saving, and careful financial planning. Unfortunately, a growing wave of sophisticated scams is threatening that financial security, and the losses are reaching record levels. According to newly released FBI data, Americans aged 60 and older reported losing an astonishing $7.7 billion to internet fraud in 2025. That figure marks a significant increase from the previous year and highlights a troubling reality: scammers are increasingly targeting retirees, often with devastating financial consequences.For investors and retirees alike, protecting savings is no longer just about managing market risk. It is also about recognizing...