Having too much faith in strangers

One of the biggest financial risks a retiree can encounter is online scamming. Years of hard work and financial anticipation can go down the drain with a single hoax.

It has been reported that Americans lose hundreds of millions of dollars a year to online or telephone scams, with elder fraud being number one in the top. Fraud victims ended up paying over $744 million to scammers, because of experienced scammers who build up their ways into elder people’s money.

The best thing you can do is stay away from people that promise you easy and rapid money and pressure you into an immediate decision. It might be a well-planned scam made to fool you and steal all your money.

This next one might not work out…..