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Protecting Your Parents from Scams

Air Date: Oct 22, 2016

John Bunch shares a story about an elder financial scam that hit close to home and talks about how listeners can help protect their parents.


radio show highlight icon Radio Show Highlights


Beware of Fake IRS Notices

Avoiding 401(k) Mistakes

Protecting Your Parents from Scams

In this week’s show, John Bunch, president of Financial Engines Advisors L.L.C., shares a personal story about an elder financial scam that affected a close family friend and talks about how listeners can help protect their parents and other loved ones from making a similar misstep.

Also in this week’s show:

  • Phil Reiff, a Financial Engines 401(k) expert, discusses the consequences of making mistakes with your 401(k) such as taking a loan from the account or cashing it out entirely.
  • Bob and Andy talk about a new scam that leads people to believe they owe the IRS money – and how to spot a real IRS notice from a fake one.

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