By definition, you don’t recognize the signs of diminished financial capacity. You need to rely on others for this. And as you’ll see below, relying on others presents a dilemma! This is not something to be ashamed of – it’s a natural order of aging. For some slowing down comes earlier, for others later. The […]
“What do you get when you combine two popular rackets these days – identity theft and mortgage fraud? A totally new kind of crime: house stealing.” Quoted from the FBI’s website by the same title “House Stealing.” That’s right! You end up NOT owning your home! You may think this is an old story based […]
Two headaches when identity thieves first use your identity to start your Social Security benefits, and then you having to contend with not having reported that income (you never got) to the IRS when Social Security sends the IRS and you the 1099 for that phantom income! Two bureaucracies to contend with for that single […]
How well can we function at work as we grow older? Or continue to manage our money? Research that has looked at cross-sections as well as longitudinal groups of people have provided great insights to these questions. Center for Retirement Research at Boston College has issued three briefs on the topic of Cognitive Aging. The first […]
Most people think of identity theft as having something to do with finances. Medical identity theft is not on people’s minds. It should be! Why? Your personal health insurance information can be used by thieves to steal expensive medical services like surgeries, expensive prescription drugs, medical equipment or devices. It could be used to falsify […]
It is that time of year when we get warned about the many different ways online scams work and what are most common. There are many more than those described here. Simply confirm the validity of email offers and don’t click links within emails you’re not sure of. Better practice is opening a new browser […]
People are well aware of the need to contribute to their 401k when their employer makes one available to them. However, few are aware that the employer is responsible for administering that 401k. The same with 403b plans. The money to fund those plans comes from the employer. In some cases, the money that should […]
The SEC’s Office of Investor Education and Advocacy is issuing this Investor Bulletin to help investors protect their online accounts from fraud. As with all web-based accounts, investors should take precautions to help ensure that their online accounts remain secure. These online security tips can help. via Investor Bulletin: Protecting Your Online Brokerage Accounts from […]
School is about to start soon! “Little is known about the true scope of child identity theft. Child advocates, regulators, financial services and other professionals agree it is a particularly damaging crime that can go undetected for years (my emphasis added), only to be discovered when the victim applies for a student loan or credit […]
The media has been is an up roar about the most recent 60 Minutes interview with author, Michael Lewis. In the interview, Lewis claims that the stock market is “rigged” due to the high-frequency trading. We have come a long way (since markets of yester-year)! My concern about this perception is that investors who need to […]
