Finance Fortress: Practical Strategies for Retirees Against Scams & Fraud

 

Today’s Hack

Just like any other threat, learning to recognize and avoid scams has become crucial for today’s retirees. Join us as we discuss essential steps you can take to protect yourself against the increasing prevalence of scams and identity theft. Phil will offer real-life stories and practical advice to help you keep your finances safe in today’s digital age.

From government imposters to robocalls and sweepstakes, we’ll provide valuable insights into the strategies used by scammers. Stay tuned to learn how to identify warning signs and shield yourself from phishing emails, vishing phone calls, and smishing texts before it’s too late. Plus, Phil will share more about the precautions his financial firm takes to protect against scams.

Here’s what we discuss in this episode:

1:35 – Real stories of financial scams

5:43 – Phishing, vishing, and smishing

8:20 – Examples of different scams

11:54 – Recognizing the signs of a scam

15:19 – Protections you can put in place to avoid being a victim of a scam

 

CNBC article:

https://www.cnbc.com/2023/10/08/how-one-retired-woman-lost-her-life-savings-in-a-common-elder-fraud-scheme.html

Thomson Reuters article:

https://www.thomsonreuters.com/en-us/posts/investigation-fraud-and-risk/senior-citizens-financial-scams/

 

If you have any questions about what we discussed in this episode, reach out and we’ll be happy to set up a time to talk.