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Why some people are chronic fraud victims

Why some people are chronic fraud victims RANDY HUTCHINSON In its latest survey on consumer fraud, the FTC found that 40 million Americans were the victims of fraud in 2017. But there were 62 million incidences of fraud, meaning that many people fell for two or more scams. Crooks buy and sell “sucker lists” on the theory that people who have been deceived once have a high likelihood of being scammed again. AARP, FINRA, and Heart+Mind Strategies recently conducted a study titled “Addressing the Challenge of Chronic Fraud Victimization” to better understand why some people fall for repeated scams. Steve Baker, a BBB International Investigations Specialist and former FTC official, contributed to the study.

How to help clients plan for health care costs in retirement

How to help clients plan for health care costs in retirement Advisers can utilize cutting-edge financial planning tools to help ease clients concerns by showing them how they can save to cover medical expenses during retirement. April 15, 2021 3 MINS With Covid-19 vaccines steadily rolling out more than a year after the start of the pandemic, we are finally beginning to see light at the end of the tunnel. However, the “third wave” of Covid cases in Europe, and the spreading of multiple variants of the virus, remind us that we are not out of the woods yet. Health, and the cost of medical care, continue to be primary concerns for Americans during this time.

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