Common retiree scams

Source: Cheryl Winokur Munk - Barrons

As baby boomers prepare for the biggest wealth transfer in history, the vultures are circling.

This is no surprise, given that nearly half of Americans age 65 or older manage their finances on their own, according to a recent survey of 2,200 adults by American International Group, leaving them vulnerable to financial abuse from strangers or unscrupulous family members or friends.

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