It takes a lot less time – maybe just minutes – for con artists to rob you of that security.
“When you’ve reached retirement, your goal should be to protect what you’ve saved because it needs to last you the rest of your life,” says Charisse Mackenzie (www.saturnwealth.com), a financial planner.
“Unfortunately, there are plenty of scams out there designed to separate people from their money — and sometimes specifically older people.”
If you’re a baby boomer who’s recently retired or will soon retire, you want to be aware of such schemes, she says. If your elderly parents are still around, they could be susceptible, too, so you’ll want to help protect them as well.
Mackenzie says there are plenty of things to be wary of, but just a few to be on the lookout for include:
Beware of “can’t miss” investments. Perhaps you’ve heard radio commercials or online advertisements with tempting claims about “can’t miss” investments that will give you extraordinary returns. Be skeptical, very skeptical, Mackenzie says.
“You need to keep in mind the old wisdom that if somet ...
