Aug 14, 2018

Are you keeping an eye on your retirement savings? The scam artists are.

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(U.S. Edition) The Turkish lira's precipitous drop has stopped, but that didn't stop the Turkish president from declaring that his country will boycott American smartphones. It's meant to be a message to the U.S., but no one's sure how this boycott is going to actually be enforced. Also, the Federal Reserve Bank of San Francisco has calculated that the financial crisis of a decade ago cost people tens of thousands of dollars right out of their pocket. And, con artists, scammers, and possibly even greedy family members and friends are setting their sights on the lump-sum retirement savings of an increasingly vulnerable population of seniors. We talk about ways people can start to protect themselves. Today’s show is sponsored by Alliance For Lifetime Income (retireyourrisk.org/advisors) and Carbonite (www.carbonite.com) (08/14/2018).

 

 

Segments From this episode

Scammers are targeting retirement savings. Here's how to fight them.

Con artists are zeroing in on the retirement savings and other assets of an aging population, some of whom might already be suffering from cognitive decline.
iStock/Getty Images

(U.S. Edition) The Turkish lira’s precipitous drop has stopped, but that didn’t stop the Turkish president from declaring that his country will boycott American smartphones. It’s meant to be a message to the U.S., but no one’s sure how this boycott is going to actually be enforced. Also, the Federal Reserve Bank of San Francisco has calculated that the financial crisis of a decade ago cost people tens of thousands of dollars right out of their pocket. And, con artists, scammers, and possibly even greedy family members and friends are setting their sights on the lump-sum retirement savings of an increasingly vulnerable population of seniors. We talk about ways people can start to protect themselves. Today’s show is sponsored by Alliance For Lifetime Income (retireyourrisk.org/advisors) and Carbonite (www.carbonite.com) (08/14/2018).

 

 

The team

Stephen Ryan Producer, BBC