Summary: Top Senior Scams / Labor Day – Howard Dayton and Steve Moore discuss Ponzi schemes, 'affinity' scams and other fraudulent 'opportunities' aimed at seniors (to ensure that a Reverse Mortgage provider is legitimate, Howard recommends checking out www.HUD.gov). Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "At 65, should I put 40% of my retirement funds in gold?" "How do I establish credit and get my first credit card? (Howard recommended checking your credit report at AnnualCreditReport.com and recommended Bankrate.com to find reputable companies and good rates)" 'What advice can you give me about investing in real estate?' Mentioned on today's program was the 'Set your House in Order' workbook. Be sure to check out the Compass website for a complete listing of helpful resources and radio archives. Thanks for your prayers and generous financial support which allow us to keep MoneyWise on the air!
