Care of NRMLA OnlineA new article from AARP highlights how impostors level up their scams and have been phoning people. They pose as Social Security officers and flaunting false badge numbers to defraud victims. The head of the Social Security Administration’s Office of Inspector General warns, “Don’t believe anyone who calls you unsolicited from aContinue reading “Impostors Level Up Their Scams”
Category Archives: Financial Literacy
Financial Scams Targeting Older Adults
Financial scams targeting older adults are prevalent and costly. The FBI estimates that older adults lose more than $3 billion each year to fraudsters. Scammers go after older adults because they believe older adults have a significant amount of money sitting in their accounts. But it’s not just wealthy seniors who are targeted. Low-income olderContinue reading “Financial Scams Targeting Older Adults”
THE DUTIES AND RESPONSIBILITIES OF A TRUSTEE
A trust is a legal arrangement through which an individual (or an institution, such as a bank or law firm), called a “trustee,” holds legal title to the property for the benefit of another person, called a “beneficiary.” An individual appointing another person as the trustee of a trust is a strong vote of confidenceContinue reading “THE DUTIES AND RESPONSIBILITIES OF A TRUSTEE”
A BRIDGE TO SOCIAL SECURITY
According to retirement income specialist Alicia Munnell, those in the middle class who retire before 70 use their 401(k) assets first and defer receiving Social Security payments. This strategy is the “Social Security bridge” in retirement planning. Building a bridge to Social Security are those who retire in their early or middle 60s are supposedContinue reading “A BRIDGE TO SOCIAL SECURITY”
OK Boomers
Ok, Boomers, we need to talk. The majority of advertising and news coverage are increasingly ignoring the Baby Boomers. It is easy to find news about the Millennials-but it seems Baby Boomers are not nearly as fashionable to talk about—except for ridicule by Gen X’ers. Born between 1946 and 1964, boomers have dominated every economicContinue reading “OK Boomers”