Retirees Are Vulnerable to 401k and IRA Fraud Involving Precious Metals

22 Nov , 2022

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Elderly and retirees are particularly vulnerable to financial fraud involving precious metals. Their cognitive abilities are generally in decline, and precious metals are perceived as a safe alternative investment in times of financial turmoil. 

In the program, presenters Aaron Cohn, Esq. and Scott Silver, Esq. will discuss some of the schemes employed against the elderly retirees involving precious metals, why they are vulnerable under the current laws governing self-directed IRA accounts, regular IRA accounts, and the regulatory framework governing investments, and what changes should be considered to implement better safeguards in connection with allowing precious metals investments using retirement accounts.

 

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