Khairul Imran’s Post

You work so hard to get to retirement. The last thing you want is for one simple mistake to take it all away. Check out this article for 16 mistakes that you can help avoid: https://lnkd.in/g_SEqDN #finance #retirement #income

Sharing a crucial reminder for everyone, especially for our parents. Ensure your parents proactively set up additional voice-based passwords for call centers, enable 2FA, or even opt for 3rd factor authentication. Alternatively, instruct them to contact you regardless of the situation. Stay vigilant against scams and protect your loved ones. Read more about retirement savings scams: https://lnkd.in/g5RUJbaX

Worried about getting scammed in retirement? You're not alone. See key recommendations to spot to help avoid scams, so that your golden years stay golden! Help protect your finances by looking into this article: https://lnkd.in/eEWRBrGZ #financialplanning #retirement #financetips

Heads up: this story is a good read, but it might make your stomach turn! 🫣👇 How One Man Lost $740,000 to Scammers Targeting His Retirement Savings 😔 Here’s the story from 𝘛𝘩𝘦 𝘕𝘦𝘸 𝘠𝘰𝘳𝘬 𝘛𝘪𝘮𝘦𝘴: For nearly three months, Barry Heitin, a 76-year-old retired lawyer, thought he was part of a government investigation that felt like something out of the movies. He was actually assisting criminals in stealing hundreds of thousands of dollars — of his own money. How did this happen? In short, Mr. Heitin was manipulated into sending his retirement funds overseas by scammers who impersonated the IRS and Federal Trade Commission. Stories like this one offer important reminders, like: 🤝 Work with people you trust. Both your wealth advisor and lawyer are fiduciaries, meaning they have a legal obligation to act in your best interest. ⚠️ Do not send money to a previously unknown recipient. ⛑️ Practice cybersafety. Learn how you can protect not just your financial accounts, but your whole digital life. These tips may sound too simple in such a complex situation – but that is exactly what’s needed. When a scammer begins to weave a complex story, it’s important to remember the simple truths. Wondering how you can improve your cybersafety? ➡️ Follow along with us this month for resources on how to protect yourself and your retirement funds.

Retirees are often the target of fraud. However, with some basic understanding of how scam artists work, you can avoid fraud and protect your hard-earned money. Learning how to invest safely can mean a huge difference in your retirement years. Also check out TheNew62 and sign-up for early access to maximize your retirement income whilst minimizing any chances of fraud!

Pension scams are rising, with 7.3 million UK adults targeted last year. Scammers use aggressive tactics like unsolicited calls, texts, and emails, highlighting vulnerabilities in the pension system. Read our guide for more insights: https://hubs.li/Q02QzHzC0 #PensionScams

Here’s what you can do to avoid financial scams in retirement:

Social security is one of the great scams designed by governments to steal more of our hard earned money. If you calculate the return on all the payments you made in the government retirement program it will make you look in disbelief at that excel sheet. The part that many including the person posting not understand is that there is a much bigger theft besides the disgusting return. There is no retirement fund in your name. There is no money set aside for you that generates a return over the years. The payments you make today will be paid to current retirees in a few months. It is nothing but a Ponzi scheme. This is the real scam. In order to offset the marginal returns the government and Wallstreet came up with another scam to take more of your hard earned money and called it 401k. No worries. It is all for the greater good. Government will take care of us, with our own money, after they take their fair share and pay the ones who didn’t contribute. No greater fools than trusting government with their retirement, or anything else for that matter. Take your retirement in your own hands. No one else will.

This is a read it and weep comment on your post about SS. SCOTUS in a 1960 case (Fleming v Nestor) that social security payment by individuals into the SS system are TAXES, and create zero common law property right of the person paying SS taxes to compensation from the government. https://lnkd.in/gxSvnDUj Holding of court: The Court ruled that there is no contractual right to receive Social Security payments. Payments due under Social Security are not “property” and are not protected by the Takings Clause of the Fifth Amendment. The interest of a beneficiary of Social Security is protected only by the Due Process Clause. Under Due Process Clause analysis, government action is valid unless it is patently arbitrary and utterly lacking in rational justification. This provision of §202(n) is not irrational; it could have been justified by the desire to increase the purchasing power of those living in America, because those living abroad would not spend their payments domestically.

Breaking News: iiDENTIFii in the Spotlight Great insights on the upcoming two-pot retirement system! As September 1st approaches, the emphasis on robust security measures is critical. Murray Collyer rightly highlights the need for biometric authentication and live identity verification to protect consumers' savings. Prioritizing these protections will be essential to prevent fraud and maintain fund integrity. #Retirement #Security #BiometricAuthentication #ConsumerProtection