Consumers reported losing nearly $9 billion to fraud in 2022 — a 30% increase from the year prior.
And those are just the incidents that are reported. In fact, some reports suggest that the actual amount is closer to $40 billion!
One thing every report seems to agree on is that scams are becoming more prevalent and more sophisticated.
So, to help protect retirement investors from becoming victims, today I’m sharing the top three financial scams to watch out for.
I’m also providing actionable tips for protecting yourself (and your loved ones) from each scam.
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Episode Resources
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- Stay Wealthy Episodes Mentioned:
- Other Resources Mentioned:
- Telemarketers Documentary [HBO]
- Consumers Lost Nearly $8.8 Billion to Scams in 2022 [FTC]
- 2022 U.S. Spam and Scam Report [Truecaller]
- Check U.S. Advisors via FINRA and SEC:
- How to Stop Spam Text Messages on iPhone and Android [Avast]
- How to Filter Text Messages on iPhone [Apple]
- America’s Most Common Text-Messaging Scam [CBS]
- How to Recognize and Report Spam Text Messages [FTC]
- The Top Text Scams of 2022 [FTC]
- How to Stop Spam Calls for Good [Clark Howard]
- Utility Collection Scam [Twitter]
- What is a Custodian [Investopedia]
- Fidelity Investments – Safeguarding Your Accounts [Fidelity]
Episode Transcription
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