Spot These 10 Scams Before They Ruin Your Retirement

Prescription drug schemes

When seniors search the internet for affordable prescriptions, they wander right into an online bazaar offering counterfeit drugs for all manner of ailments, including heart problems, cancer, diabetes and Alzheimer’s.

It’s a booming marketplace: Federal agents now pursue four times as many investigations into bogus medications each year as they did in the 1990s, the National Council on Aging says.

At best, counterfeit products won’t do anything at all for you. At worst, they could put your health or even your life at risk. Phony treatments have been known to contain paint, antifreeze or other harmful substances.

Obtain medicines only from doctors, or from sources they approve.