Avoid Scams That Could Ruin Your Retirement

Whether you’re old or young, savvy or naive, rich or poor, there’s a chance you have — or might be — scammed at some time in your life. Some are just harmless practical jokes, but when it comes to your finances, you can’t take chances. It’s essential that you avoid scams that could ruin your retirement.

Scams like the “grandchild in trouble” threaten your retirement security. Protect yourself and avoid scams that could ruin your retirement.

Avoid scams that could ruin your retirement

Here are some perfectly normal — and universal — human tendencies that could get you into trouble:

  1. People aren’t always rational
  2. We’re attracted to financial gain
  3. We’re more vulnerable when we think we’re an expert
  4. People don’t like to back down from a long-term commitment
  5. We have a tendency to trust authority
  6. Scare tactics, well, scare us

I know this sounds cynical — and it is — but use your common sense, don’t trust anyone, if it seems too good to be true, it probably is and don’t be afraid to walk away if it doesn’t feel right to you. We’re all susceptible to a good con, so protect yourself and avoid scams that could ruin your retirement.

Click here to read more about how you can avoid scams that could ruin your retirement.

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