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Jun 28

Retiree Money Scams Flourish, Change With the Times

Diets that Work Comments Off on Retiree Money Scams Flourish, Change With the Times

Retirees are a wealthy lot indeed.

According to the Employee Benefit Research Institute, those 65 and older have amassed some $8.6 trillion in their retirement accounts alone, not including pension plans or personal savings - a point not lost on the con artists of the world.

Retirees also have more spare time to consider proposals that come their way.

Scams that target older Americans are almost too numerous to name.

Some play the emotional card, knowing grandparents would do most anything to help a grandchild in need.

Some claim to cure illnesses that conventional medicine can't fix.

Still others exploit retirees who undersaved for their nest egg, or, well, tempt the taste for a quick buck in all of us.

Here are six major con categories. If you encounter any of them run away.

Investment Scams

Investment scams are among the most costly to seniors.

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Retiree Money Scams Flourish, Change With the Times

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