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FINRA, SEC: 4 ways to spot retirement scams

FINRA and the Securities and Exchange Commission have released to investors a fact sheet outlining various retirement scams and ways to prevent falling victim to them.

By Danielle Andrus | Updated on September 26, 2011

FINRA and the Securities and Exchange Commission have released to investors a fact sheet outlining various retirement scams and ways to prevent falling victim to them.

The fact sheet warns against schemes promising early retirement in particular and notes that the earlier a person retires, the more important it is to manage retirement assets appropriately. Retiring early only makes sense, according to the fact sheet, if investors already have enough saved, make smart investments during retirement and withdraw money at a rate that does not deplete savings too early.

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