Wednesday, 30 January 2019

Be Aware of Retirement Scams


There really is no magic retirement plan that can get you ready for retirement quickly. But the good news is there is still hope. The sooner you start, the more likely that you will meet your retirement goals - both financially and emotionally. Even if you are late (over fifty) to the retirement planning stage, there is no need to surrender to a bleak retirement future. 

Specialists warned against different investment scams. Often times, unscrupulous, so-called financial advisors take advantage of investors looking to make money quickly. They use buzz-words to sell you their investment products, like "guaranteed", "limited offer", "safe as a Certificate of Deposit", and "risk-free". Use of complicated language is also used to confuse you. They do this because they know most people will not ask for clarification, because it may make them appear stupid. 

It is advised to be wary of advisors who recommend exotic or unusual products. If your inner voice is telling you it sounds too good to be true, it probably is! 

Your retirement future can be bright if you take the right steps toward retirement planning now. Remember you control your retirement future. 

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