Money Advice

These tips can help protect your parents from scams

Posted by The Simply Money Team on May 2, 2018 3:31:18 PM

Your parents are a prime target for scammers. The elderly lose about $3 billion every year to a variety of scams and thieves, according to the government; everything from Social Security scams to IRS scams, to financial abuse, to online dating scams.
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Topics: Scams & ID Theft Alerts

Don't fall in love with a scammer

Posted by The Simply Money Advisors Team on Feb 14, 2018 3:53:40 PM

Love is in the air!

This time of year makes it easy to get swept off your feet and fall in love... or what looks like love. With the growing popularity of dating apps and websites, it can be hard to determine what (and who) is real and what (and who) is fake.

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Topics: Scams & ID Theft Alerts

'Tis the season for giving... and scams

Posted by The Simply Money Advisors Team on Dec 14, 2017 2:30:14 PM

The holidays are all about the spirit of giving, like helping others who may be less fortunate. Unfortunately, the holidays are a prime time when scammers try to take advantage of your goodwill and kindness.

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Topics: Scams & ID Theft Alerts

Buyer beware: these investment scams can ruin your financial future

Posted by The Simply Money Advisors Team on Oct 25, 2017 3:34:54 PM

There are people at every corner trying to get their hands on your hard-earn money. It can be easy to get carried away with promises that you’ll make a ton of money, so it’s key to examine what you’re really investing in.

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Topics: Scams & ID Theft Alerts

How to recover once your identity is stolen

Posted by The Simply Money Advisors Team on Sep 8, 2017 12:46:07 PM

The credit bureau Equifax just announced a recent data breach affecting 143 million U.S. consumers – that means there’s basically a 1 in 2 chance that you’ve been impacted. The company says the hacked data consists of everything from Social Security numbers, driver’s license numbers, credit card numbers, to even dispute documents that contained personal information.

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Topics: Scams & ID Theft Alerts

I shouldn't use my credit card where?

Posted by The Simply Money Advisors Team on Aug 9, 2017 12:33:49 PM

As a society, we use credit cards so often that it's become a mindless activity. Plastic makes it simple to pay for anything. You no longer need to carry around cash. With one swipe of your card, most of your daily activities and bills are paid for. And you probably assume that your credit information is always safe and protected - but this may not be the case in all locations.
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Topics: Scams & ID Theft Alerts

Your iPhone may be stealing your identity

Posted by The Simply Money Advisors Team on May 31, 2017 8:52:16 AM

According to a 2017 Identity Fraud Study released by Javelin Strategy & Research, over $107 billion has been stolen by identity thieves and 10% of that is stolen right from your smartphone. Think about all the things you do from your phone. There is an application for almost everything you could imagine and most of your most personal information is saved in that one place.

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Topics: Scams & ID Theft Alerts

Know the red flags of an investment scam

Posted by The Simply Money Team on Mar 22, 2017 3:33:50 PM


Just recently, federal officials arrested a Warren County man and his wife who admitted to defrauding investors out of more than $70 million!  And before you say, “Oh, that could never happen to me,” that’s probably what these latest victims thought to themselves as well.

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Topics: Scams & ID Theft Alerts

Warning signs of tax ID theft

Posted by The Simply Money Team on Feb 15, 2017 11:46:13 AM

The idea of someone stealing your personal information and identity is scary. And now that we’re in the midst of tax season, it’s an even greater threat: according to the U.S. Federal Trade Commission, tax identity theft (also known as “tax refund fraud”) is the main reason there’s been a 47% spike in general identity theft.

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Topics: Taxes, Scams & ID Theft Alerts

Don't let your goodwill get scammed

Posted by The Simply Money Team on Dec 21, 2016 2:29:13 PM

It’s the season of giving! And by nature, Americans are a generous bunch. In 2014, you and your friends, neighbors and relatives gave nearly $360 billion to charity according to Giving USA, which is the highest total ever recorded.

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Topics: Scams & ID Theft Alerts

Disclaimer

Please remember that past performance may not be indicative of future results.  Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Simply Money Advisors), or any non-investment related content, made reference to directly or indirectly will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful.  Due to various factors, including changing market conditions and/or applicable laws, this content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained here serves as the receipt of, or as a substitute for, personalized investment advice from Simply Money Advisors. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. Simply Money Advisors is neither a law firm, a certified public accounting firm, nor a tax advisory firm and no portion of the blog content should be construed as legal, accounting, or tax advice. Please consult your own attorney, accountant, and tax advisor for legal, accounting, and tax advice. A copy of the Simply Money Advisors’ current written disclosure statement discussing our advisory services and fees is available for review upon request. Advisory services offered through Simply Money Advisors, a SEC registered investment adviser. Insurance services are offered through Simply Money Insurance Agency, a separate entity from Simply Money Advisors. Simply Money™ and the spiral symbol are trademarks of Simply Money IP Holdings, LLC.

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