February 1, 2012 – Following the Federal Reserve’s announcement that interest rates are expected to remain low until at least late 2014, NASAA today cautioned investors to beware of risky or outright fraudulent investments promising higher yield or returns.
NASAA provides tools specifically for senior investors to help you protect yourself against investment fraud.
Annuities are complex products that may combine the characteristics of insurance and investment securities. Because of their hybrid nature, annuities are sometimes marketed as one-size-fits-all products. This is simply not true.
Members of the Sandwich Generation, their elderly family members and their children should watch for these red flags when considering an investment opportunity.
Tips for Sandwich Generation adult children on managing their parents’ finances.
Get help understanding, balancing and managing the financial needs of your children, you and your parents.
NASAA members and other consumer education organizations offer excellent resources to help seniors better understand their investments.
Seniors should carefully check the credentials of individuals holding themselves out as “senior specialists.”
NASAA offers seniors ten common-sense solutions to avoid investment fraud.
NASAA is working with AARP to ensure that senior investors are not being pressured into purchasing fraudulent or unsuitable investments at free lunch seminars.