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Scams in Retirement: How to Get Fraudsters to Scram

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Retirement is a time to celebrate, relax and reap the rewards from decades of working. However, it can be hard to enjoy the fruits of your labor when you’re being targeted for fraud. While scammers don’t discriminate, the people most vulnerable to scams tend to be older adults.

According to a new study from the AARP, scams targeting older adults cost them more than $28 billion each year. From strange phone calls to fake sweepstakes wins, older people are faced with a variety of outside threats. Many retirees are living on a fixed income and cannot afford to fall for any of these scams. They need their money to last for their entire retirement, and in most cases, the money stolen from them is never returned, which could be devastating to their financial situation.

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