Older investors, especially those between the ages of about 50 to 64 facing a looming retirement, may be particularly vulnerable to investment fraud, scams, and Ponzi schemes. A con artist may try to specifically take advantage of the concerns facing older investors in the pre-retirement age range; it’s important that you always take the time to consider your financial goals and do your own research before you decide to invest in a new opportunity—regardless of age.
Here are a few of the reasons con artists often target pre-retirees:
Con artists who prey on pre-retirees may try to pressure you to invest right away, “guarantee” high returns over a short period to prepare you for retirement, try to convince you to roll your retirement savings into a new investment, or prey on your financial fears about retirement.
If you are a pre-retiree who has lost money in an investment scam, don’t wait until it’s too late to recover your losses. The experienced investment fraud attorneys with Meyer Wilson have more than 50 years of experience helping investment fraud victims recover their losses, and we would be happy to review your potential case in a completely free and confidential legal consultation.
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