How can you tell if a retirement-planning pitch is a scam?
Sometimes, you can’t.
When it comes to your nest egg, however, treating every pitch as though it could be fraud isn’t a bad idea.
That’s because, despite strong warnings from consumer groups and regulators that investment fraud was expected to spike when the oldest baby boomers started turning 60 four years ago, the pitches keep coming. So at least some of them are working.
Some are obvious ploys to rid you of your savings. Others are more subtle. So we asked two experts — one a senior tax analyst and the other an official with the Federal Trade Commission — to break down one such pitch. To see what they said, click here.
Have a retirement question? Write to [email protected], or via mail at Your Money, baiduhai, Room 400, 435 N. Michigan Ave., Chicago, IL 60611.