Fraud against Seniors linked to Overconfidence

"The seniors who are most confident of their knowledge about money and investments are also the most likely to fall victim to fraud." None of my college students think they will ever become investment fraud victims; of course, they don't have the financial stash of the baby boom generation. Research reveals that: "Fraud against the elderly can arise from 'that combination of not knowing but thinking you know,' also known as overconfidence. If you're willing to admit it in yourself or have parents or grandparents where you observe this cocky overconfidence, you might want to take action to protect your financial security or inheritance. Check out the details (the photo illustration is worth it!): http://fsp.bc.edu/overconfidence-linked-to-fraud/. BTW, free financial seminars top the list of frauds.