Fraud Flags 1 Urgency

I’m Miriam Neff, and I’m Valerie Neff Hogan, with Wise Women Managing Money.

M Financial fraud is common.  If you’re in transition, you are a target. Widowed, recently a recipient of money?  Someone has a plan for your money, for their profit, not yours.  How do we spot those red flags, Valerie?

V Big flag.  It’s urgent!  You’ve got to act now, buy this annuity, invest in this great upstart restaurant.  Lots and lots of words, nebulous data.   Financial fraudsters like to talk about other things, like your hobby, relatives, even commonalities like shared faith.  Yes, I said it.  Mom, you experienced that.

M No hurry.  Talk to wise advisors. Tell this ‘Friend’ you’ll be consulting others and comparing.  Thoroughly check the data.  Sound to good to be true?  Run, don’t walk from the fraudsters.