Got questions on retirement planning? On Thursday, consumers can get free advice in an online chat sponsored by Kiplinger personal finance magazine and the National Association of Personal Financial Advisors.
The letter was enticing: You’ve “won” a $3.9 million sweepstakes prize. To collect it, all that’s required is depositing an enclosed $3,900 check to cover so-called “processing fees.” But consumer experts say the letter - as well as pitches that arrive by phone, email or social media - are just another classic scam intended to fleece consumers of their money. A look at sweepstakes scams, as well as the Better Business Burea’s Top 10 consumer frauds for last year.
It’s a frightening prospect. You fall and break a hip and need several months of nursing home care. Or you’re recovering from a stroke and need help bathing and getting dressed each morning. Or your husband is slipping into dementia and requires assistance with daily activities.