In this episode of the PFS Podcast, we discuss the dangers of investment schemes that promise "too good to be true" returns, referencing a recent Wall Street Journal article. The story highlights the devastating financial and emotional toll of a fraudulent investment scheme that wiped out millions in retirement funds. We explore the tax implications of rolling over 401(k) assets, the risks of non-deductible losses, and the emotional strain faced by victims. Mark Paller emphasizes the importance of performing due diligence and avoiding overly enticing investment offers. At Paller Financial, we prioritize fiduciary responsibility and aim to guide clients toward sound and balanced investment strategies.