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The Christmas season is a time for family, friends, faith and finances.
I say finances because families do not talk about them nearly as much as they should, and faith does not pay the bills. In past years, I’ve urged older family members to discuss their retirement plans with their adult children or explain the world of banking and investing to young adults.
This year, though, younger folks should take a moment to warn older friends and family about the staggering number of scams circulating on talk radio, at work, in the country club and even at church. With safe havens like Treasury bonds paying little, too many elderly investors get ripped off in their search for a decent return.
Some of the most astonishing emails I receive are press releases from the Texas State Securities Board, the agency responsible for protecting the state’s investors. While the U.S. Securities and Exchange Commission enforces federal…
