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Financial Fraud Protection: Tips to Safeguard Your Retirement Savings
Manage episode 459279508 series 2139562
Protecting Your Wealth: How to Avoid Financial Fraud Targeting
Episode Overview
In this eye-opening episode, Tom Dupree and Mike Johnson tackle the critical issue of financial fraud targeting seniors and mature investors. With over $3.4 billion lost to fraud schemes by Americans over 60 in 2023 alone, this discussion couldn’t be more timely.
Key Highlights
- The alarming 11% increase in senior financial fraud from 2022 to 2023
- Real case study of a sophisticated impersonation attempt caught by Dupree Financial’s security protocols
- Why face-to-face relationships with financial advisors provide crucial protection against fraud
- Common red flags in fraud attempts, including urgency and requests for third-party payments
Expert Insights
- The importance of skepticism in protecting your wealth
- Why local financial relationships offer better security than remote services
- How fraudsters use technology, including AI voice manipulation
- The role of proper investment mindset in avoiding scams
Warning Signs of Potential Fraud
- Urgent requests for immediate money transfers
- Claims of health issues or emergencies preventing in-person meetings
- Requests to send money to third parties
- Changes in contact information or communication patterns
- Pressure to act quickly without proper verification
Protection Strategies
- Never send money via gift cards or wire transfers to unknown parties
- Avoid clicking links in unsolicited emails or texts
- Verify identity through face-to-face meetings
- Be wary of pressure tactics and urgent demands
- Work with local financial professionals who know you personally
Bonus Investment Wisdom
- The value of focusing on fundamentally sound investments over get-rich-quick schemes
- Why chasing trends can lead to poor financial decisions
- The importance of maintaining a “skeptical optimist” mindset
About Dupree Financial Group
If you’d like to learn more about protecting your investments or schedule a consultation, contact Dupree Financial Group:
- Phone: 859-233-0400
- Website: dupreefinancial.com
Additional Resources
For more episodes of the Tom Dupree show, visit our website and click on the radio tab at dupreefinancial.com
Disclaimer: This episode is for informational purposes only and should not be considered as financial advice. Always consult with qualified financial professionals for your specific situation.
The post Financial Fraud Protection: Tips to Safeguard Your Retirement Savings appeared first on Dupree Financial.
301 episoder
Manage episode 459279508 series 2139562
Protecting Your Wealth: How to Avoid Financial Fraud Targeting
Episode Overview
In this eye-opening episode, Tom Dupree and Mike Johnson tackle the critical issue of financial fraud targeting seniors and mature investors. With over $3.4 billion lost to fraud schemes by Americans over 60 in 2023 alone, this discussion couldn’t be more timely.
Key Highlights
- The alarming 11% increase in senior financial fraud from 2022 to 2023
- Real case study of a sophisticated impersonation attempt caught by Dupree Financial’s security protocols
- Why face-to-face relationships with financial advisors provide crucial protection against fraud
- Common red flags in fraud attempts, including urgency and requests for third-party payments
Expert Insights
- The importance of skepticism in protecting your wealth
- Why local financial relationships offer better security than remote services
- How fraudsters use technology, including AI voice manipulation
- The role of proper investment mindset in avoiding scams
Warning Signs of Potential Fraud
- Urgent requests for immediate money transfers
- Claims of health issues or emergencies preventing in-person meetings
- Requests to send money to third parties
- Changes in contact information or communication patterns
- Pressure to act quickly without proper verification
Protection Strategies
- Never send money via gift cards or wire transfers to unknown parties
- Avoid clicking links in unsolicited emails or texts
- Verify identity through face-to-face meetings
- Be wary of pressure tactics and urgent demands
- Work with local financial professionals who know you personally
Bonus Investment Wisdom
- The value of focusing on fundamentally sound investments over get-rich-quick schemes
- Why chasing trends can lead to poor financial decisions
- The importance of maintaining a “skeptical optimist” mindset
About Dupree Financial Group
If you’d like to learn more about protecting your investments or schedule a consultation, contact Dupree Financial Group:
- Phone: 859-233-0400
- Website: dupreefinancial.com
Additional Resources
For more episodes of the Tom Dupree show, visit our website and click on the radio tab at dupreefinancial.com
Disclaimer: This episode is for informational purposes only and should not be considered as financial advice. Always consult with qualified financial professionals for your specific situation.
The post Financial Fraud Protection: Tips to Safeguard Your Retirement Savings appeared first on Dupree Financial.
301 episoder
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