08.28.23 Fight The SCAMdemic / Are You On Track For Retirement?

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 28 August 2023

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Rampant scams are now a global scourge, many now employing a tactic known as “pig butchering”. Clark shares a real life example and what you need to know. Also in this episode -Shocking new data reveals that most Americans are not on track for retirement. Our aspirations for early retirement don’t match up to how much is being saved for the future. Know how you can get on track for a more secure retirement. “Pig Butchering” Scams Increasing: Segment 1 Ask Clark: Segment 2 Retirement Shortfalls: Segment 3 Ask Clark: Segment 4 Mentioned on the show Out almost $80,000? Don't get scammed NYPost : Newly divorced mom scammed of entire $100,000 401k savings in Tinder ‘pig butchering’ scheme Pirate Ship Review: Pros & Cons of This Cheap Shipping Service Home Equity Loans & Lines of Credit: 7 Common Questions Answered Start saving now, and you could have this much for retirement Retirement savings shortfall in America Clark.com - Saving For Retirement / How To Open a Roth IRA Target Date Funds: Clark's Favorite Retirement Investment Best Investment Companies for Investors in 2023 Pension Benefit Information Notifies TIAA of MOVEit Data Breach Affecting Over 2.6 Million How To Freeze Your Credit With Experian, Equifax and TransUnion Capital One Venture Rewards Credit Card: Travel Credit Card Review Best Travel Credit Cards: Top Rewards Picks for 2023 Clark.com resources Episode transcripts Community.Clark.com Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by Kraken Pro. Meet the all-new Kraken Pro, the powerful
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0:21.8	and trade like a pro. Cryptocurrencies are unregulated in the UK,
0:25.5	and the profits may be subjected to cups to gains tax, and the value of cryptocurrencies
0:28.6	can go down or up.
0:29.6	It's my pleasure to welcome you here to the Clark Howard Show
0:38.1	R-O-Mission is to be of service to you and power you so you make better financial decisions
0:45.8	in your life. And I have to tell you, I keep hearing more and more in our work here
0:55.8	about people being scammed out of huge amounts of money, elderly, young people, and in
1:03.8	between. I want to share a couple of stories with you. There's important takeaways for
1:10.9	each and every one of us. Also in this episode, are you on track for retirement in your own
1:19.1	life? Are you? Well, most of us as Americans, we're not some new data though, some new numbers
1:29.9	actually shocked me. I mean, shocking. So let's talk about the scamsters. Scamsters
1:40.0	are working over time from all over the world to rip off people all over the globe. And
1:48.7	a lot of Americans are targeted both by our fellow Americans and people overseas, taking
1:55.4	advantage of them, stealing their money. The ugly term for it today is pig butchering.
2:05.2	Pig butchering is where the criminal is patient. The con artist is patient. And they're not
2:13.2	looking for the instant big score. They will take months and months and months to develop
2:21.6	a relationship with you. And then gain your confidence and steal your money over and over
2:30.2	again, the most successful con artists are the ones that patiently take their time to
	...

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