Mike MilliganFounder and CEO, 1.oak Financial · Founder and CEO, 1.oak Financial

The Crucial Steps Seniors MUST Take to Avoid Scams

17 Nov 2025 · 1 min

Watch on YouTube

0:58

In this segment of his YouTube video, Mike Milligan warns older Americans about increasingly sophisticated impersonation scams that masquerade as banks, Medicare, law‑enforcement, or even a distressed grandchild (the classic “grandparent” scam). He notes that scammers now use technology such as voice‑cloning to sound convincing. Milligan’s core advice is simple but vital: never share personal or financial details with unexpected callers or emails. If a call appears suspicious—whether it claims to be from a bank, a family member, or a government agency—hang up, then independently verify the request by calling the institution or the family member directly using a known, trusted number.

Chapters

Imposters are pretending to be from your bank or from Medicare or even law enforcement. They might even say your Social Security number is involved in a crime, or it's what's called the grandparent scam. They'll call and pretend to be a grandchild in crisis. Yes. Asking for money urgently. Guys, I mean, Gary, these scammers are using technology to sound convincing. Even cloning voices. Mm-hmm. That's terrifying. What can older Americans do to protect themselves, Mike? Well, here are a few crucial steps. First, never share personal or financial information with someone who calls or emails you unexpectedly. If you get a suspicious call from your bank or your grandchild, pause and verify. What I mean by that is hang up and then call either your bank or your grandchild directly.