“Great shot kid. Now don’t get cocky!” That was the advice from the older and wiser Han Solo to a young, upstart soon-to-be Jedi named Luke Skywalker in the Star Wars movie series. It turns out Han’s advice applies equally well to today’s retirees who are highly confident about managing their money and their investments. A study from DePaul University indicates that these overconfident retirees are also the most likely group to become victims of fraud!
How can that be? Read this interesting article from the Boston College Center for Retirement Research. Even if you’re not retired, if you know someone who is (a parent, aunt, uncle, etc.), you can potentially help guard them against fraud and protect their retirement readiness.