Retirement Daily

Older adults lost more than $3.4 billion to fraud in 2023, according to the FBI — and that’s likely an undercount. Only one in 25 cases is ever reported.

With artificial intelligence and other technologies making scams more convincing, the threat is growing, said Matthew Sommer Ph.D., CFA, CFP®, managing director at Janus Henderson Investors.

“The fraudsters are becoming more and more sophisticated,” Sommer said in a recent Yahoo Finance Decoding Retirement podcast. “And as a result, their scams are taking advantage of many more people.”

In the podcast, Sommer addressed

- What To Do If You’ve Been Scammed

- Who Is Most Vulnerable?

- Red Flags and Warning Signs

- “Pig Butchering”

- How Most Financial Exploitation Is Personal

- Supporting Loved Ones After a Scam

AI scams targeting retirees - here's what to look out for With the rise of AI, internet and phone-based scams are becoming harder to detect, especially among vulnerable populations like seniors. On this episode of Decoding Retirement, host Robert Powell speaks with Matthew Sommer, head of the specialist consulting group at Janus Henderson Investors, about....

Link: https://youtube.com/live/aSwGYx4sF38
Please join us for FinStream TV Live on Thursday, October 9th at 11 am. Our guest will be Jae Oh, MBA, CFP®, CLU® ChFC® is a nationally recognized Medicare expert and author of Maximize Your Medicare, and Education Fellow at the Alliance for Lifetime Income. Jae will be discussing the wide-reaching changes to health insurance that are coming in 2026. Both the ACA (Obamacare) and Medicare will be affected, as a result of increased healthcare costs and the One Big Beautiful Bill Act (2025). This information-only session will cover: ACA (Obamacare) changes and how/why premiums will skyrocket for many Medicare ABCs (abbreviated) Medicare 2026 Changes Dramatic Effects on Household Finances and What to Do Chat will be live so questions are encouraged throughout. Subscribe to FinStream's YouTube channel to be notified when we go live:

FinStream TV Live with Medicare Expert Jae Oh: Thursday, October 9th @ 11 am FinStream TV Live on Thursday, October 9th at 11 am. Our guest will be Jae Oh, MBA, CFP®, CLU® ChFC® is a nationally recognized Medicare expert and author o...