Oct, 2022 Issue - Identity Theft, Cryptocurrency Investments, Gray Divorce

October, 2022 Issue – InFRE’s most current free retirement newsletter – 1.0 CRC and CFP CE credit

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The quarterly newsletter from the International Foundation for Retirement Education helps retirement professionals keep abreast of what’s happening in the field of retirement readiness, counseling, planning, and income management.

In this most current version of our retirement-specific newsletter, planners will learn about:

  1. “Protecting Seniors from Identity Theft and Scams” by Steve Weisman, JD, Professor, Bentley University, Editor, scamicide.com. Things are not as bad as you think. They are worse. A congressional study showed that seniors are 12 percent of the population but 30 percent of the scam victims. A MetLife Mature Market Institute study showed that the cost is about $3 billion annually.
  2. “Cryptocurrency Investments – What Financial Advisors and Planners Need Know to Avoid Legal Actions” by Andrew Shedlock, Partner, Kutak Rock. My goal is to help planners and fiduciaries understand the basis of cryptocurrency investments, what a crypto token is, what Bitcoin is, and how they work. I want to inspire you to learn more about what I can trigger in your mind about cryptocurrency.
  3. “Gray Divorce: Today’s Platinum Retirement Challenge” by Lili Vasileff, CFP®, MAFF, CDFA, Wealth Protection Management .Conflicts over money happen to be the number one predictor of divorce. In 1960, we had an increase in divorce through the late 70s and 80s.Starting around 1990, it started to stabilize, then become stagnant, and even decline slightly. But what’s interesting about this is that it parallels the marriage statistics.

The articles below comprise the October, 2022 Issue of Retirement Insight and Trends. Click on the links below to read each article online separately, or click here to view and print the issue in its entirety.

Follow the link at the end to access the quiz, and upon passing with 70% or greater you may receive 1.0 hour of CFP®, CRC®, ASPPA, CLU®, ChFC®, CASL and other CE credit!

 

Welcome to InFRE’s October, 2022 Issue of Retirement Insight and Trends

on October 19, 2022

Retirement InSight and Trends is the quarterly newsletter for the International Foundation for Retirement Education’s Certified Retirement Counselors® (CRC®s) to help retirement professionals with the practical application of new retirement readiness, counseling, planning and income management concepts for the mid-market. Find out more about the CRC® here and […]
Continue Reading this issue of Retirement Insight and Trends here→


 

Protecting Seniors from Identity Theft and Scams

on October 19, 2022

By Steve Weisman, JD, Professor, Bentley University, Editor, scamicide.com

Things are not as bad as you think. They are worse.

A congressional study showed that seniors are 12 percent of the population but 30 percent of the scam victims. A MetLife Mature Market Institute study showed that the cost is about $3 billion annually.

The Senate Special Committee on Aging also indicated that it is up to about $3 billion, and the figure is probably low because the federal government reports $40 billion in phone scams. Elderly people constitute the vast majority of those phone fraud victims. The Department of Justice estimated that one in 10 older adults is a victim of such financial abuse, and things are getting worse. The Consumer Sentinel Network Data Book, which the FTC publishes, shows a 47 percent increase in fraud and identity theft in the last two years. […]
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Cryptocurrency Investments – What Financial Advisors and Planners Need Know to Avoid Legal Actions

on October 19, 2022

By Andrew Shedlock, Partner, Kutak Rock

My goal is to help planners and fiduciaries understand the basis of cryptocurrency investments, what a crypto token is, what Bitcoin is, and how they work. I want to inspire you to learn more about what I can trigger in your mind about cryptocurrency.

First, crypto is an alternative investment. Read everything you can about it, and you will understand that my advocacy is a little more realistic and more skeptical than people in the crypto space. I am a crypto realist, not a crypto bro or a crypto pumper. I don’t necessarily think it will change the world and take over the financial system. That being said, I think there is real potential for these types of products, and that is what they are – products – to impact the financial space, to change our jobs, to fundamentally upend what we have done for so many years. […]
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Gray Divorce: Today’s Platinum Retirement Challenge

on October 19, 2022

By Lili Vasileff, CFP®, MAFF, CDFA, Wealth Protection Management

Conflicts over money happen to be the number one predictor of divorce. In 1960, we had an increase in divorce through the late 70s and 80s. Starting around 1990, it started to stabilize, then become stagnant, and even decline slightly. But what’s interesting about this is that it parallels the marriage statistics. People are waiting longer to get married and want greater financial stability before making longer-term commitments to be together. Fewer people are getting married. Those who have been divorced may or may not be getting remarried but simply living together. […]
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Earn 1 free Continuing Education (CE) credit for the October, 2022 Issue of InFRE’s Retirement InSight and Trends

on October 19, 2022

You can earn 1 CRC®, CFP®, ASPPA, and the American College’s Professional Recertification Program (CLU®, ChFC®, CASL) CE credit for the October, 2022 issue of Retirement InSight and Trends.
Click here to access the quiz.
When you have completed the last question, click the “submit” button to submit your final answers. You may not return to review or change your answers after clicking submit or if you close the browser window. You may restart the quiz if needed.
A score of 70% is required to pass the quiz and earn CE credit. You will see your score on your screen upon submitting your answers. An email will automatically be sent to you for your records as proof of successful completion. […]
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