04/21/2026 | Press release | Distributed by Public on 04/21/2026 12:15
In his opening statement during a Senate Aging Committee hearing last week, Chairman Rick Scott announced the release of Guarding Your Nest Egg: A Financial Resource for Older Adults. This brand-new, bipartisan resource from Chairman Scott and Ranking Member Kirsten Gillibrand will help America's seniors navigate the increasingly complicated world of their finances and benefits so they can thrive, prosper, protect themselves from fraudsters and enjoy the retirement they deserve.
During his remarks, Chairman Scott explained, "For so many Americans, and especially our seniors, it's hard to find the information. When you do find it, it's often incredibly complicated. As a country, we have done a POOR job of ensuring people know their options and what route will work best for their needs.
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Financial literacy is one of the most powerful and most underused tools we have to protect older Americans. Not just from fraud, but across the board. When seniors understand how their benefits work, they make BETTER decisions. When they know how to read a financial statement and recognize bad actors, they're harder to deceive. When they understand the difference between a legitimate investment and a pitch that's too good to be true, they protect themselves. When they know where to turn for trusted help, they know they're not navigating this alone.
And the best part? This doesn't require a new government program or more federal bureaucracy. It doesn't require more spending to be thrown at the problem. It requires CLEAR information, trusted messengers, and the commitment to actually get that information into people's hands. That is exactly what this Committee set out to do. And today, I am proud to announce the upcoming release of our new resource - Guarding Your Nest Egg: A Financial Resource Guide for Older Adults.
This packet will cover the decisions that matter most in retirement - Social Security, Medicare, housing, charitable giving, disaster preparedness, and planning for the unexpected. It will also provide clear guidelines as to what a scam looks and how to guard yourself against them. Plain language. Tools you can actually use.
It is available today at aging.senate.gov. Because every older American in this country deserves the tools to protect what they spent a lifetime building. Not more red tape. Not more bureaucracy. Just clear information and the freedom to use it."
Read the full opening statement or listen to the hearing HERE.
The full booklet is available here.