As financial scams get more common and devious, Bob Carlson shares his expertise to help subscribers stay up to date
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The recent headlines about the theft of tens of millions of personal information from health insurer Anthem shouldn’t have been a surprise, and it is the type of action you should expect to hear about regularly. Your greatest risk of being scammed or having your identity stolen might be one you don’t suspect. The big […]
Older Americans have most of the money, and crooks know that. So do people who operate within the law but beyond the usual definition of ethical, selling people products that aren’t appropriate for them. That is why we have a number of ill-suited financial products specifically pitched at those 55 and over, and especially at […]
Though it does not get much attention, a high percentage of the scams and thefts perpetrated on older Americans are com-mitted by their loved ones. The number of scams on the elderly and how much money is involved are unknown, but experts suspect that family and friends take advantage of retirees more than strangers do. […]
You might be more susceptible to investment and financial fraud than you think. New research found that the most likely fraud victims do not match the stereotype of a befuddled, uninformed senior living alone. The NASD Investor Education Foundation sponsored a study to determine who among senior citizens is likely to become a fraud victim, […]
What you don’t know about retirement can hurt you. In fact, just a few wrong decisions in your investments, taxes, or estate planning could completely derail your retirement plans. Worse yet, the rules of the game keep changing, making it harder to keep up with. For these reasons, I’ve assembled all the key points – everything you need to know — into one comprehensive report. Click here for free access.
Older Americans are ready targets for exploitation and abuse. Unfortunately, sometimes the sources of exploitation are caregivers or others the person trusts. Loved ones and friends can take action to prevent such abuse and to catch it before it gets too far. Consider taking the following actions. Be involved. Even if you have no legal […]
Identity theft was on the rise again in 2004. But the causes of ID theft will surprise most people. A new study issued by the Better Business Bureau found that a minority of known ID theft occurred over the Internet. The study found that in 68.2% of ID theft cases in 2004 information was obtained […]
Identity theft is the fastest-growing crime in the U.S. The computer crime known as phishing is becoming the prevailing form of ID theft. Preventing phishing requires diligence. One thing is clear: credit card companies won’t provide much help. Prevention will depend on your efforts. Phishing involves using e-mail to get a computer user to reveal […]
Corporate accounting and mutual fund scandals are not the biggest scam risks to investors. Identity theft is a big risk, but you don’t want to focus on it so much that you lose track of the other frauds coming your way. Versions of the old-fashioned Ponzi scheme proliferate. Retirees and those close to retirement still […]