Spot These 10 Scams Before They Ruin Your Retirement

Telemarketing scams

Telemarketing calls aren’t just annoying, but they also can be scammy — especially when an elderly person answers.

Con artists convince seniors that they represent charities. They collect good-faith deposits to track down large sums of money their victims are supposedly owed. They’ll trick a retiree into wiring funds by claiming a family member is in the hospital and needs money.

Don’t fall for threats, aggressive sales pitches or offers that sound too good to be true. And never provide personal or financial information to someone who calls you.

The Federal Communications Commission recommends that if you have caller ID and don’t recognize a number, don’t answer. Anyone who really knows you will leave a message.