{"id":202592,"date":"2021-03-15T17:01:00","date_gmt":"2021-03-15T14:01:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/opinion-how-to-prevent-fraud-from-ruining-your-retirement\/"},"modified":"2021-03-15T17:01:00","modified_gmt":"2021-03-15T14:01:00","slug":"opinion-how-to-prevent-fraud-from-ruining-your-retirement","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/opinion-how-to-prevent-fraud-from-ruining-your-retirement\/","title":{"rendered":"#\n  Opinion: How to prevent fraud from ruining your retirement"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3db83660065\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3db83660065\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/opinion-how-to-prevent-fraud-from-ruining-your-retirement\/#The_most_common_victims_may_surprise_you\" >The most common victims may surprise you<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/opinion-how-to-prevent-fraud-from-ruining-your-retirement\/#Robert_Powell\" >Robert Powell<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Opinion: How to prevent fraud from ruining your retirement<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"The_most_common_victims_may_surprise_you\"><\/span>\n  The most common victims may surprise you<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000198896\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       It\u2019s a costly problem.<\/p>\n<p> The Federal Trade Commission in 2020, for instance, said consumers lost $1.9 billion due to fraud in 2019. And in 2015, the United States Sentencing Commission said victims of securities fraud suffered a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>n loss of roughly $3.5 million.<\/p>\n<p>And now, a new paper quantifies the devastation that fraud has on a retiree\u2019s portfolio.<\/p>\n<div class=\"paywall\">\n       On average, a single, random fraud shock lowers the retiree\u2019s chances of enjoying a successful retirement by 3%, according to<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/papers.ssrn.com\/sol3\/cf_dev\/AbsByAuth.cfm?per_id=3121852\" class=\"icon none\"> Steven Lee<\/a>, author of<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/papers.ssrn.com\/sol3\/papers.cfm?abstract_id=3756139\" class=\"icon none\"> Rational Agents in an Irrational World: The Effect of Fraud Shocks on Retirement Portfolio Success Rates<\/a>.<\/p>\n<p>What\u2019s more, the effect of ongoing annual fraud on portfolio success rates is much worse. A retiree exposed to serial fraud throughout retirement \u2014 across all combinations of asset allocations, market returns, withdrawal rates and distribution periods \u2014 would never have a 90% probability or better chance of funding their golden years. (Ninety percent or better is the retirement literature\u2019s standard of a successful retirement.) And that\u2019s true even if they withdrew just 3% a year for 15 years from a portfolio with a 100% bond allocation.<\/p>\n<p>You might think 3% doesn\u2019t seem like much. But it works out to an entire year of distributions from a retirement portfolio, according to Lee. What\u2019s more, Lee\u2019s research is based on Monte Carlo simulations so it doesn\u2019t necessarily reflect the actual cost of fraud, it\u2019s an estimate.<\/p>\n<p>Still, the paper goes a long toward highlighting the need for retirees to be on the alert for potential fraud.<\/p>\n<p><strong>Who\u2019s susceptible?<\/strong><\/p>\n<p>Not surprisingly, some are more prone to being defrauded than others.<\/p>\n<p>According to previous<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/papers.ssrn.com\/sol3\/papers.cfm?abstract_id=3258084\" class=\"icon none\"> research<\/a> Lee and his co-authors conducted, respondents to a survey who were male, were better educated, were single, younger, and possessed greater net worth disproportionately reported being defrauded in the past five years.<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>Additionally, respondents to the survey who made responsible spending decisions, specifically those who were more likely to spend wealth over their entire lives as opposed to spending greater percentages of wealth on short-term needs, were less likely to report fraud.<\/p>\n<p>There are specific events when people are vulnerable to retirement plan fraud. \u201cAfter retirement and\/or a lump-sum distribution is a particular point of vulnerability,\u201d Anna R<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>aport, chair of the SOA\u2019s Committee on Post-Retirement Needs and Risks said. \u201cBeing very careful about lump-sum decisions is also important.\u201d<\/p>\n<p>Read<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.soa.org\/globalassets\/assets\/files\/research\/projects\/research-2016-lump-sum-mrd.pdf\" class=\"icon none\"> Lump Sum or Monthly Pensions: Which to Take<\/a>.<\/p>\n<p>Another expert, Christine Kieffer, a senior director of the FINRA Investor Education Foundation, thinks everyone, but especially older adults, are at risk. \u201cWhen it comes to money, where there is opportunity, there is also risk,\u201d she said. \u201cFinancial fraudsters often attempt to evoke strong emotions to convince consumers to hand over money, and older adults may be particularly vulnerable to the effects of heightened emotions on decision making.\u201d\u00a0\u00a0<\/p>\n<p>So, what can retirees and would-be retirees do to protect themselves against the potential devastation that fraud could have on their nest eggs?<\/p>\n<p><strong>Self-awareness<\/strong><\/p>\n<p>The first step to avoiding fraud is to recognize that we all are at risk, Kieffer said. <strong>\u201c<\/strong>Those who believe they are invulnerable to scams, are all-the-more vulnerable because they are unlikely to take steps to protect themselves.\u201d .\u00a0<\/p>\n<p>\u201cMoreover, fraudsters often follow in the wake of disasters, and the current environment is no exception,\u201d she added. \u201cPandemic-related job loss, financial strain and social distancing are conditions that present fraudsters with an opportunity to pounce.\u201d<\/p>\n<p><strong>Get smart<\/strong><\/p>\n<p>It might seem like trite here-we-go-again advice but becoming more financially literate is job one. Why is that? Two big reasons: One, low levels of financial literacy lead to fraud victimization and victimization leads one to engage in riskier behavior in the future, and two, low levels of financial literacy theoretically should result in lower retirement success.<\/p>\n<p>Cognitive changes can also lead to being defrauded, according to Michael Finke, a professor at the American College of Financial Services. \u201cIt isn\u2019t just market risk that could blow up a retiree\u2019s income plan,\u201d he said. \u201cCognitive changes in old age can make us more vulnerable to the risk of losing our nest egg through fraud. Just as maintaining the right amount of investment risk protects a retiree against ruin in a bear market, all retirees have to seek ways to protect themselves against fraud in old age.\u201d<\/p>\n<p>What are some of those ways? A \u201ccommitment to lifelong learning,\u201d is critical, said Lee, who is also an executive vice president with George James &amp; Associates as well as an adjunct professor at California Lutheran University.<\/p>\n<p>Look especially for financial education programs that incorporate fraud deterrence and detection content. Some resources, though not entirely devoted to educating retirees about portfolio fraud, include<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.aarp.org\/money\/scams-fraud\/\" class=\"icon none\"> AARP\u2019s Scams &amp; Fraud<\/a>; the Federal Trade Commission<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.ftc.gov\/about-ftc\/bureaus-offices\/bureau-consumer-protection\" class=\"icon none\"> Bureau of Consumer Protection<\/a>; the Securities and Exchange Commission\u2019s Office of Investor Education and Advocacy and Retail Strategy Task Force has<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.investor.gov\/protect-your-investments\/fraud\/how-avoid-fraud\/how-avoid-scams-videos\" class=\"icon none\"> videos<\/a> and<a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/www.investor.gov\/\" class=\"icon none\"> Investor Alerts<\/a> to help show investors what fraud looks like; and FINRA\u2019s<a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/www.saveandinvest.org\/\" class=\"icon none\"> SaveAndInvest.org<\/a>.<\/p>\n<p>Rappaport also said education is critical given that SOA research has indicated that retirees and preretirees lack adequate awareness of issues related to fraud.<\/p>\n<p>Kieffer also agrees that knowledge is power.\u00a0<\/p>\n<p>\u201cPrior knowledge about fraud, even <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a>ly, is particularly helpful in avoiding victimization,\u201d she said. Swindlers\u2014who spend their \u201ccareers\u201d developing schemes to defraud victims\u2014are continually creating new, innovative scams. Knowing the exact scam is not as important as understanding the types of persuasion tactics that are applied across many different schemes. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.finrafoundation.org\/knowledge-we-gain-share\/understanding-and-combating-financial-fraud\" class=\"icon none\">Research<\/a> released in March 2021 by the FINRA Foundation and the University of Southern California\u2019s Center for Economic and Social Research provides evidence that repeated exposure to concise, online educational interventions can reduce susceptibility to investment fraud. Keep up with the latest frauds by subscribing to consumer <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>letters and seeking out information on current scams.\u00a0<\/p>\n<p>Read: Here\u2019s when you need a living will or trust<\/p>\n<p><strong>Decide now to decide later<\/strong><\/p>\n<p>Good investments will be there tomorrow, said Kieffer. \u201cDon\u2019t be pressured into making immediate decisions,\u201d she said. \u201cDevelop a refusal script, then practice it. Knowing your exit strategy in advance makes it easier to leave the conversation, particularly if the pressure starts increasing. Better yet, refuse to engage from the outset, especially if the pitch comes over the internet or via an unsolicited telephone call. Let the call go to voice mail. Do not respond to or click on links in unsolicited emails from unknown senders.\u201d<\/p>\n<p><strong>Do additional research before sending any money<\/strong><\/p>\n<p>Ask questions and look for third-party sources where you can verify information. \u201cWas the offer solicited or unsolicited?\u201d Kieffer asked. \u201cAre they asking for payment upfront, or with gift cards or a wire transfer? What type of professional is the seller and how can you verify this is true? Be your own devil\u2019s advocate and consider the worst-case scenario: Could this be a scam? What if I lose all of the money I give\/invest\/send?\u201d<\/p>\n<p><strong>Hire a financial planner<\/strong><\/p>\n<p>Soliciting the aid of a financial planning expert also increases retirement planning outcomes and could help prevent a retiree from being defrauded. In fact, \u201cin terms of financial literacy, it is reasonable to proxy a financial planner\u2019s expert knowledge for one\u2019s own lacking financial literacy (assuming one has the literacy to hire an adviser),\u201d Lee wrote in his paper.<\/p>\n<p>\u201cCarefully select and vet your planner or your adviser,\u201d said Lee.<\/p>\n<p>And try to pick one who has a reputable designation, such as a CFP. In other<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tandfonline.com\/doi\/abs\/10.1080\/13504851.2020.1854441\" class=\"icon none\"> research<\/a>, Lee and his co-authors discovered that CFP professionals are found to have 0.84 times lower odds of having engaged in culpable advisory-related misconduct than non-CFPs.<\/p>\n<p>Since credibility, titles and designations are easily faked, consumers should independently verify the identity of anyone who claims to be an authority and asks for money or information, said Kieffer.<\/p>\n<p>Use an online tool such as <a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/www.finra.org\/brokercheck\" class=\"icon none\">FINRA BrokerCheck<\/a>.\u00a0<\/p>\n<p>Rappaport said it\u2019s wise for retirees to work with financial advisers\/financial institutions so that they have someone to talk to when they sense that there is something suspicious happening. This includes appointing a<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.finra.org\/investors\/insights\/consider-adding-trusted-contact-to-your-account\" class=\"icon none\"> trusted contact<\/a> that they can talk to if they suspect trouble and see something suspicious happening. Employers can also play a role, according to the Labor<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.dol.gov\/sites\/dolgov\/files\/EBSA\/about-ebsa\/about-us\/erisa-advisory-council\/2020-considerations-for-recognizing-and-addressing-participants-with-diminished-capacity.pdf\" class=\"icon none\"> Department<\/a>.<\/p>\n<p>If you don\u2019t have a financial adviser, ask for input from others. \u201cScammers try to isolate their victims,\u201d said Kieffer. \u201cDon\u2019t be afraid to contact a friend or a company or organization you trust for advice. Be sure to turn to individuals unassociated with the deal and a step removed from the emotional ploy of the pitch.\u201d<\/p>\n<p>According to Kieffer, this strategy is helpful because it harnesses collective knowledge about scams and persuasion tactics from friends, family, neighbors, and whoever else is present at the time of the solicitation. \u201c<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.finrafoundation.org\/files\/exposed-scams-what-separates-victims-non-victims\" class=\"icon none\">FINRA Foundation research<\/a> indicates that those who did not have anyone to discuss an offer with\u2014and those who chose not to discuss the over with anyone\u2014were more likely to be victimized by a scam,\u201d she said.<\/p>\n<p>Read: How to find the best places to retire<\/p>\n<p><strong>Transparency is critical<\/strong><\/p>\n<p>Fraud is a huge risk to the success of any retirement plan, said Harry Margolis, author of Get Your Ducks in a Row: The Baby Boomers Guide to Estate Planning and<a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/www.margolis.com\/our-blog\/marthas-vineyard-senior-gets-her-home-back-after-finding-of-undue-influence-and-fraud\" class=\"icon none\"> blogger<\/a>. \u201cIt ranks right up there with illness, whether cognitive or physical and remarriage.\u201d<\/p>\n<p>According to Margolis, seniors are targeted for scams because that\u2019s where the money is. \u201cThey\u2019re often isolated, have time on their hands, and may suffer from cognitive decline,\u201d he said. \u201cReports also suggest that we get more trusting as we get older.\u201d<\/p>\n<p>From his perspective, the best protection against fraud is transparency and combating isolation. \u201cWhile it can mean a loss of privacy, seniors should give someone they trust access to their accounts so they can see whether funds are going missing,\u201d Margolis said.<\/p>\n<p>This can simply mean sharing online access with a child, but over time Margolis has become a proponent of using revocable trusts with co-trustees. \u201cThat gives the co-trustee both access to see what\u2019s going on and the ability to step in seamlessly if necessary, whether due to evidence of financial fraud or simply the incapacity of the senior,\u201d he said.<\/p>\n<p>And if the senior does not have family members who can serve as co-trustees, they can get a professional trustee, usually a bank, trust company, or attorney to serve in that role, said Margolis.<\/p>\n<p>Rappaport agrees that learning to recognize cognitive decline and planning for someone to take over your finances or to assist you if you start to be cognitively impaired or have trouble is critical. Two resources:<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.soa.org\/resources\/research-reports\/2020\/thinking-ahead\/\" class=\"icon none\"> Thinking Ahead: Informing the Design of a Roadmap for Keeping Your Money Safe as You Age<\/a>, which lays out steps to take, and<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.soa.org\/resources\/research-reports\/2018\/cognitive-conversation\/\" class=\"icon none\"> A Conversation on Dementia and Cognitive Decline<\/a><em>.<\/em><\/p>\n<p>And when you are getting close to the point when you need help, Rappaport said it is important to:<\/p>\n<ul class=\"articleList\">\n<li>\n      \u00a0Document information about financial accounts, advisers, etc. so that if someone needs to help you the information is available.<\/p>\n<\/li>\n<li>\n      Put financial power-of-attorney documents in place including defining events that would trigger the power of attorney. \u201cBe careful who you chose as people selected can also be a source of abuse of fraud,\u201d she said.<\/p>\n<\/li>\n<\/ul>\n<p>The Consumer Financial Protection Bureau (CFPB) has also published<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.consumerfinance.gov\/about-us\/newsroom\/cfpb-releases-guides-for-managing-someone-elses-money\/\" class=\"icon none\"> guides<\/a> to help financial caregivers, particularly those who handle the finances of older Americans, carry out their duties and responsibilities in managing someone else\u2019s money.<\/p>\n<p><strong>Think about your 85-year-old self<\/strong><\/p>\n<p>Rappaport also recommends setting up retirement programs to be less vulnerable to fraud and keeping things as simple as possible. Payments made as lifetime income are much less vulnerable to fraud and the use of auto-payments helps manage ongoing finances are two examples.<\/p>\n<p><strong>Never be afraid to complain<\/strong><\/p>\n<p>If you suspect fraud or a questionable practice and the explanations that you receive are not satisfactory, do not let embarrassment or concern that you will be judged incapable of handling your own affairs prevent you from filing a complaint, said Kieffer.<\/p>\n<p>For investment-related concerns, contact the SEC, FINRA or your state securities regulator. Senior investors with questions or concerns may call the FINRA Securities Helpline for Seniors at 844-574-3577. For other types of scams, file a report online with the Federal Trade Commission, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/www.reportfraud.ftc.gov\/\" class=\"icon none\">www.reportfraud.ftc.gov<\/a>.<\/p>\n<p>\u201cFinancial fraud can exact a heavy emotional toll that extends far beyond the monetary loss,\u201d said Kieffer. \u201cWhile fraud victims often feel as though they should have known better or done more to prevent the fraud, the blame for the crime belongs to the perpetrator, not the victim. Taking steps to attend to your emotional health is also important to prevent further harm.\u201d<\/p>\n<p>Read more MarketWatch retirement news and advice<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Robert Powell\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Robert_Powell\"><\/span>Robert Powell<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21005575-02D4-D4B5-4572-D308F0966A2D%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Opinion: How to prevent fraud from ruining your retirement &#8221; The most common victims may surprise you It\u2019s a costly problem. The Federal Trade Commission in 2020, for instance, said consumers lost $1.9 billion due to fraud in 2019. And in 2015, the United States Sentencing Commission said victims of securities fraud suffered a&#8230;<\/p>\n","protected":false},"author":1,"featured_media":202593,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-202592","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/202592","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=202592"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/202592\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/202593"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=202592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=202592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=202592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}