{"id":8130,"date":"2023-08-05T17:13:21","date_gmt":"2023-08-05T17:13:21","guid":{"rendered":"https:\/\/isafespend.com\/personal-finance\/one-solid-way-to-protect-older-investors-from-money-scams\/"},"modified":"2023-08-05T17:13:21","modified_gmt":"2023-08-05T17:13:21","slug":"one-solid-way-to-protect-older-investors-from-money-scams","status":"publish","type":"post","link":"https:\/\/isafespend.com\/?p=8130","title":{"rendered":"One Solid Way To Protect Older Investors From Money Scams"},"content":{"rendered":"<div>\n<p>This is an old story: Scamsters target older folks because they are trusting \u2014 and vulnerable.<\/p>\n<p>It doesn\u2019t have to be that way if \u201ctrusted contacts\u201d are involved. They are designated third parties who can screen scams before they happen.<\/p>\n<p>Setting up a trusted contact puts a layer of vigilance between fraud merchants and their victims.<\/p>\n<p>\u201cA trusted contact is a person authorized by the investor to allow financial firms, in limited circumstances, to contact them when there are concerns about activity in an account,\u201d according to the North American Securities Administrators Association.<\/p>\n<p>A trusted contact may be a family member, attorney, accountant or another third-party that respects the investor\u2019s privacy and understands how to handle the responsibility.<\/p>\n<p>The best trusted contact has no financial interest in a person\u2019s assets or estates and is a fiduciary, which means they can be held liable if anything is amiss.<\/p>\n<p>For helpful videos on trusted contacts, click here. <\/p>\n<p><fbs-ad position=\"inread\" progressive=\"\" ad-id=\"article-0-inread\" aria-hidden=\"true\" role=\"presentation\"><\/fbs-ad>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.forbes.com\/sites\/johnwasik\/2023\/08\/04\/one-solid-way-to-protect-older-investors-from-money-scams\/\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is an old story: Scamsters target older folks because they are trusting \u2014 and vulnerable. It doesn\u2019t have to be that way if \u201ctrusted contacts\u201d are involved. They are designated third parties who can screen scams before they happen. Setting up a trusted contact puts a layer of vigilance between fraud merchants and their<\/p>\n","protected":false},"author":1,"featured_media":8131,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[44],"tags":[],"class_list":{"0":"post-8130","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>One Solid Way To Protect Older Investors From Money Scams | iSafeSpend<\/title>\n<meta name=\"description\" content=\"This is an old story: Scamsters target older folks because they are trusting \u2014 and vulnerable. It doesn\u2019t have to be that way if \u201ctrusted contacts\u201d are\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/isafespend.com\/?p=8130\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"One Solid Way To Protect Older Investors From Money Scams | iSafeSpend\" \/>\n<meta property=\"og:description\" content=\"This is an old story: Scamsters target older folks because they are trusting \u2014 and vulnerable. 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