Beware: Woman loses her $200,000 retirement savings to mail scam (#315)

Financial Advisors Say The Darndest Things

In this eye-opening episode of Financial Advisors Say The Darndest Things, host A.B. Ridgeway dives into the alarming reality of retirement fraud, focusing on the heartbreaking story of a woman who lost her entire life savings to a mail scam. Learn how to protect yourself and your loved ones from these ever-evolving scams, and discover why having a trusted financial advisor in your corner is more crucial than ever.

Key Takeaways:

1. Retirement Fraud Is Real and Pervasive: Scammers target seniors with sophisticated tactics, including fraudulent mail and sweepstakes, preying on their trust and vulnerability. In this episode, we hear about a woman who lost over $200,000 to such scams.
2. Importance of Staying Informed and Vigilant: Technology and scam tactics evolve rapidly. It's vital to stay informed about the latest fraud schemes and to regularly review your financial situation with a trusted advisor to avoid becoming a victim.
3. The Role of a Financial Advisor: Having a financial advisor you can trust is essential. They can serve as a sounding board for financial decisions, help you identify potential scams, and ensure your financial security.

Quotes:

1. "There are no free lunches, right? Nothing in this world is free." – A.B. Ridgeway
2. "You don't have to do this alone. If you're looking for a financial advisor that you can trust, I'm here to help." – A.B. Ridgeway
3. "Check in on your family members... just because they say they are good, just because it looks like they're living the life, doesn't mean everything is all right." – A.B. Ridgeway

Resources Mentioned:

• DeliveringTrust.com: A website launched by postal inspectors, offering information and tips to help you avoid becoming a victim of fraudulent schemes.
• Free E-Book: The Four Pillars to Christian Investing – A 19-page beginner's guide on debt management, savings, investing, and wealth transfers.

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📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

video/audio credit: ABC