Secure Your Retirement

How to Avoid Scams in Retirement - Practical Tips for Preventing Fraud


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In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss practical tips on how to safeguard your information and prevent cybersecurity fraud. Fraudsters are continuously evolving their tactics, making it easy to fall victim with a simple click, which is why keeping yourself educated is important. 

Listen in to learn the importance of regularly updating your personal information with your financial advisor and only making changes with verbal verification. You will also learn the importance of being suspicious of unsolicited emails and phone calls, avoiding sharing sensitive information on social media, and verifying money movement instructions via secure methods. 

In this episode, find out: 

  • Never call numbers from suspicious pop-ups claiming to be from reputable companies and instead seek professional help. 
  • Best practices for working with your advisor: Provide regular updates and verbal verification of any changes to personal information. 
  • The advanced verification methods used by financial custodians like voice recognition and two-factor authentication. 
  • How to be suspicious of unsolicited phone calls, avoid sharing sensitive information on social media, and verify money movement instructions securely. 
  • Things to do to keep your phone and computer technology up-to-date to prevent security breaches. 
  • Avoiding risks with public networks – use personal devices and secured connections when conducting sensitive transactions in public. 
  • Password management – create unique passwords for different accounts and use password managers for enhanced security. 
  • The importance of verifying the authenticity of emails and links to avoid falling victim to phishing attempts. 

Tweetable Quotes: 

  • "We would never change your email, never change your address, never change your phone number without going through the right protocol, which is going to be able to verify you verbally."- Radon Stancil. 
  • "Phishing is scammers trying to bait you somewhere or the other by creating urgency by saying, if you don't do this, then something is going to happen to your computer."- Murs Tariq. 
  • “At the end of the day, try to be vigilant and ask yourself,  “do I truly know where this is coming from, and is it worth clicking this button?”- Murs Tariq.  

Resources:

If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!

To access the course, simply visit POMWealth.net/podcast.

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Secure Your RetirementBy Radon Stancil, CFP® & Murs Tariq, CFP®

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