Newly released Federal Trade Commission (FTC) data shows that consumers reported losing more than $5.8 billion to fraud in 2021, an increase of more than 70 percent over the previous year. According to a news release from the FTC, the agency received fraud reports from more than 2.8 million consumers last year (2021), with the… Continue reading Consumer Fraud Scams Are on The Rise
Tag: fraud
For Halloween, Tips That May Help Prevent Tricky Fraudsters
Scammers cheat seniors out of approximately $2.9 billion annually, according to the Senate Special Committee on Aging. Now, that’s a SPOOKY statistic! No one is safe from being a potential target of a scammer—but the elderly are particularly vulnerable. Beware of Trick or Treat callers – Don’t pick up calls from unknown numbers. The IRS… Continue reading For Halloween, Tips That May Help Prevent Tricky Fraudsters
Money Problems and Alzheimer’s
People with Alzheimer’s disease often have problems managing their money. In fact, money problems may be one of the first noticeable signs of the disease. Here, the experts from the National Institute on Aging tell you how to recognize, and handle, this problem. Early on, a person with Alzheimer’s may be able to perform basic… Continue reading Money Problems and Alzheimer’s
Divorce Do’s and Dont’s
Editor’s note: There is no prescribed path to ending a marriage. There are many paths, and they can be grueling, or they can be civil. Sally Boyle, a Certified Financial Planner and Certified Divorce Financial Analyst, has years of professional (and personal) experience in guiding people through divorce. She’s learned firsthand that you can – and… Continue reading Divorce Do’s and Dont’s
What’s the Most Important Factor in Keeping Your Retirement Money Safe?
Don’t be so quick to simply accept what a financial advisor offers for your retirement – that’s the takeaway from multiple red flags since the 2008-09 economic crisis. First, there’s an important difference between advice that’s “suitable,” called the suitability standard, and what’s best for an advisor’s client, called the fiduciary standard. As reported in… Continue reading What’s the Most Important Factor in Keeping Your Retirement Money Safe?
Trust Grows as People Get Older
Instead of being grumpy and suspicious, people may actually grow more trusting with age, according to new researchers. That development can be beneficial to well-being. “When we think of old age, we often think of decline and loss,” said study co-author Claudia Haase, an assistant professor of Human Development and Social Policy at Northwestern University’s… Continue reading Trust Grows as People Get Older