Protecting Your Retirement from Financial Fraud
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About this listen
Financial fraud is becoming more sophisticated, and retirees are being targeted in ways most people don’t expect. In this episode, we explain the most common scams we’re seeing today and how to reduce your risk without overcomplicating your life.
- (00:32) - Introduction and Overview
- (01:01) - Shocking Statistics on Financial Fraud
- (10:57) - Protecting Yourself: Tips and Tools
- (31:18) - Spotting Email Scams and Phishing Tactics
- (33:03) - Credit Freezing and Monitoring: Pros and Cons
- (39:08) - Elder Abuse and Financial Fraud
- (50:00) - Ponzi Schemes and Investment Scams
Links & resources from this episode:
- Visit our website: https://makingretirementmakesense.com
- Wall Street Journal: https://www.wsj.com/tech/cybersecurity/disney-employee-ai-tool-hacker-cyberattack-3700c931
- The Street: https://www.thestreet.com/retirement/got-a-letter-from-the-supreme-court-its-a-scam
- Hive Systems: https://www.hivesystems.com/password-table
- Retirement Income Institute: https://www.protectedincome.org/wp-content/uploads/2023/12/IN-10-Heye_v1.pdf
- Report Fraud to FTC: https://reportfraud.ftc.gov/
- AARP Fraud Hotline: https://www.aarp.org/money/scams-fraud/about-fraud-watch-network/
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Disclosure
This channel contains general educational information only. Nothing contained herein should be construed as a solicitation to buy or sell any security or as an offer to provide investment advice.
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