4 Ways to Protect Your Retirement Money From Scammers

help-parents-manage-moneyThe good news: Through hard work, thrift, and wise choices, you’re set for retirement. The bad news: You might find it harder someday to make sound financial decisions. On average, money smarts peak at age 53, the Center for Retirement Research reported in 2010. The older you get, the greater your vulnerability to scams, unscrupulous advisers, or just poor judgment.

The stakes are high: Fraud victims 65 and older lost an average of $30,000, Allianz found last year. One in 10 lost more than $100,000.

In my latest for Money magazine, I discuss measures to take that can protect your finances, or the finances of a parent or older relative.

Thursday’s need-to-know money news

Today’s top story: How transferring a credit card balance could affect your credit score. Also in the news: How helicopter parents can damage their child’s financial future, what grandparents can do to help their grandchildren grow financially, and why planning on working through retirement could be a disaster. Will Transferring a Credit Card Balance Hurt […]

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Wednesday’s need-to-know money news

Today’s top story: There’s a new proposal in Congress to raise Social Security benefits. Also in the news: Money moves to make before the end of the year, why Millennial credit scores are on the low side, and the complete guide to refinancing your student loans. Congress Considers New Proposal To Raise Social Security Benefits […]

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Tuesday’s need-to-know money news

Today’s top story: How to stay safe while shopping for Labor Day bargains. Also in the news: Trusting apps that access your credit card, how to clear your ChexSystems record, and financial planning tips for college students. Labor Day Deals: How to Stay Safe While Shopping Online Don’t get taken for a ride while bargain […]

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Q&A: Best way to pay for college

Dear Liz: We have two children in college, both entering their junior years. We have two more in high school. The two currently in college need additional financial assistance, as they’ve tapped out their federal student loans. We are middle class, grossing about $125,000 a year, so we don’t qualify for much financial aid. We’re […]

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Q&A: Understanding Social Security survivor benefits

Dear Liz: I need a clarification because I’m getting conflicting answers from Social Security. I know if you start Social Security benefits early, you get them at a reduced rate. When your spouse dies, is your survivor benefit reduced as well? My friend’s mother never worked, but started collecting spousal benefits at 62. Does she […]

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Monday’s need-to-know money news

Today’s top story: Mistakes that can demolish your credit score. Also in the news: Does giving your kid an allowance make them better with money, how to maintain financial security during retirement, and how much you’ll save with a CD Ladder vs a single CD. 7 Mistakes That Can Demolish Your Credit Score How to […]

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Friday’s need-to-know money news

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Today’s top story: Knowing when it’s time to talk to a financial advisor. Also in the news: Money tips for college students, why you might need life insurance if you’re getting divorced, and five reasons why you have a bad credit score. 7 Times You Need to Talk to a Financial Advisor Going it alone […]

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Thursday’s need-to-know money news

Today’s top story: Getting the most from Medicare. Also in the news: Tips for smart student loan borrowing, the mistake single Americans are making with their retirement, and how to get the most from your credit card rewards. Medicare’s Maze – How to Maximize Benefits Navigating your way through. Five Tips For Smart Student Loan […]

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Wednesday’s need-to-know money news

Today’s top story: How getting a mortgage just became easier. Also in the news: Downsizing to save your retirement, handling major financial disruptions, and how to avoid or minimize bank fees. 4 Ways Getting a Mortgage Just Got Easier The process has become slightly less stressful. Can Downsizing Save Your Retirement? Smaller living can protect […]

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