PHONE: (717) 303-1999

Financial and Retirement Planning Blog

Holiday Scams and How To Avoid Them

The holiday season may be the most wonderful time of the year, but it’s also when there are the most holiday scams.  For many some consumers, it can be easy to fall victim to various scams as they attempt to shop for gifts. When you want to protect yourself and your pocketbook, there are a few holiday scams to be aware of and tips to follow to avoid becoming a victim.

Fake Job Postings

Many people are in need of extra cash during the holiday season to afford gifts for family members and friends. As many people look to pick up an extra job, fake job postings can begin to appear online.  Be careful applying for positions that ask you to pay money upfront to cover the cost of training costs or start-up kits.

Free Gift Cards

Free gift cards are sometimes offered through scam emails or websites that provide an incentive for submitting personal information. Although you may want to score free money, it can mean submitting your personal information and having it collected by a thief who will attempt to steal your identity.

Avoid Fake Charities

It can be easy to feel generous during the holiday season when many families are in need.  Avoid donating to a fake charity by verifying that it’s a legitimate organization and that the funds are used wisely. Read the fine print to determine how much money will go to the actual cause. Writing a check should be considered one of the safest ways to donate money because it’ll allow you to track the funds. Avoid giving your credit card information to solicitors over the phone.

Courier Cons

During the holidays, be alert of emails that you receive from DHL, FedEx, or the U.S. Postal Service claiming that you have a package that needs to be picked up. Most courier services don’t have email addresses, meaning that you received a scam email. Clicking on the email can cause malware to obtain sensitive data and have access to your credit card information and passwords.

Online Greeting Cards

Many adults in retirement open cards online during the holidays, which can be infected with malware. Opening any greeting cards from a name that you don’t recognize can put you at risk of being hacked. Viruses are common in ecards or holiday-themed screensavers that you’re offered via email. Legitimate e-card companies require a coupon code to be opened to ensure that you can safely access the website and avoid putting your personal information at risk.

Rogue Websites

Thieves and criminals also may attempt to steal information through rogue websites that are set up and appear when performing a search for “Christmas gifts.”  The sites often promise deals and discounts, which entice consumers. If you make a purchase through websites that are not legitimate, your personal information can easily be obtained once you type in your credit card information and address, according to aarp.org.

If you choose to do online shopping, read the website addresses and look for contact information. The website should include an address and a phone number. You can also visit Whois.net to determine who owns the website. Calling the phone number that is provided will also make it easier to determine if it’s a reputable company that you can trust.

Jason Bergey
Pennsylvania Wealth Management
https://pawealthmanagement.com/
(717) 303-1999
Sources: Hyperlinked In Article

Copyright © 2017 Pennsylvania Wealth Management

Investment Advisory Services offered through Retirement Wealth Advisors, (RWA) a Registered Investment Advisor.  Pennsylvania Wealth Management and RWA are not affiliated. Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. Past performance does not guarantee future results. Consult your financial professional before making any investment decision.

This information is designed to provide general information on the subjects covered. Pursuant to IRS Circular 230, it is not, however, intended to provide specific legal or tax advice and cannot be used to avoid tax penalties or to promote, market, or recommend any tax plan or arrangement. Please note that Pennsylvania Wealth Management and its affiliates do not give legal or tax advice. You are encouraged to consult your tax advisor or attorney.

Investment Advisory Services offered through Retirement Wealth Advisors (RWA), a Registered Investment Advisor. Pennsylvania Wealth Management and RWA are not affiliated. Investing involves risk, including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. Past performance does not guarantee future results. Consult your financial professional before making any investment decision.

This information is designed to provide general information on the subjects covered, it is not, however, intended to provide specific legal or tax advice and cannot be used to avoid tax penalties or to promote, market, or recommend any tax plan or arrangement. Please note that Pennsylvania Wealth Management and its affiliates do not give legal or tax advice. You are encouraged to consult your tax advisor or attorney.

Annuity guarantees rely on the financial strength and claims-paying ability of the issuing insurer. Any comments regarding safe and secure investments and guaranteed income streams refer only to fixed insurance products. They do not refer, in any way, to securities or investment advisory products. Fixed insurance and annuity product guarantees are subject to the claims‐paying ability of the issuing company and are not offered by Retirement Wealth Advisors.

Million Dollar Round Table (“MDRT”) is a membership organization. Qualifying criteria for membership includes attaining specified levels of commissions earned, premiums paid or income earned on the sale of insurance and other financial products. MDRT membership requirements include the payment of annual dues, compliance with ethical standards, and maintaining good standing with an MDRT-approved professional association. The MDRT logo and/or trademarks are property of their respective owners and no endorsement of Jason Bergey or Pennsylvania Wealth Management is stated or implied. MDRT and Retirement Wealth Advisors, Inc. (RWA) are not affiliated.