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Sunday, November 27, 2016

Avoid These Common and Costly Senior Scams

(Click on the image for the article)
Financial scams targeting seniors put their retirement savings at risk
By Consumer Reports, Nov. 22, 2016
Scams aimed at seniors can range from fraudsters who pedal bogus anti-aging products for less than $30 to a fake “cash award” racket that empties a $300,000 nest egg. In all, seniors lose an estimated $3 billion a year to scams and other financial abuse. Here are some of the common swindles, according to experts:
  • Medicare Open-Enrollment Ploy
  • Veterans’ Pension Scam
  • Pump and Dump Investment Schemes