Michelle Singletary, Washington Post financial journalist, warns: Fraudsters will use Russia’s invasion, declining stock values and spiking oil prices to come after your money “You see images from Ukraine and feel compassion and the need to give what you can to help civilians fleeing to safety. Con artists see the Russian invasion as a way…
Category: scams
Financial Scams targeting Seniors… and what adult children should know
“Many financial scams specifically target seniors. Knowing what the warning signs are for each of these scams can help you avoid falling for them.”Adult children need to know how to recognize signs of scams that may target their parents… and their future inheritance. A Senior’s Guide to Financial Scams (And How to Avoid Them) Lear:…
Who is more susceptible to financial scams: Seniors or young adults?
We all know that financial scams target seniors and that they are the most susceptible to the bait. Right? think again… “Stop it with the ageism and delusions of invincibility. Young adults often don’t recognize the bad checks coming at them, or fake job offers, either” writes Ron Lieber for The New York Times. “For…
Managing Sequence of Returns Risk in Retirement & avoid scams with income annuities
What IS “sequence of returns risk”?Sequence risk, or sequence of returns risk, is the risk that the stock market crashes early in your retirement. Long-term average returns matter less than when those returns occur. If your portfolio drops dramatically in value early in retirement you end up selling low without the ability to gain by…
The latest internet scam
“Your love of a good deal could be a deal breaker. Fake gift cards and coupons for Lowe’s, Bed Bath & Beyond, Home Depot, Target and IKEA (phew!) have infiltrated the internet. On Facebook, the phishing scam is taking the form of a $50 coupon for Lowe’s and a $75 one for Bed Bath &…