Question: What is the first thing that someone over 55 should do?

· Don’t talk to strangers

· If someone calls you on the phone with something to sell, have them send you information in writing first, before you commit to buying anything

· If someone calls you on the phone and asks you to wire money or pay cash…hang up

· If someone asks for your Social Security number over the phone…don’t give it to them

· If a company offers to get you a loan or repair your bad credit for a "fee"…don’t believe them Question: What should seniors think about with their investments?

· Never buy an investment over the phone

· Be very careful of fixed and variable annuities…they usually have long surrender charges and can "lock up" your money for a period of up to 10 years

· Stay away from "Margin" accounts…this simply allows you to borrow money to buy more stock…this is very risk

· Make sure the investments are suitable for you…know how much risk is involved

Question: Is there anything seniors should be careful of when they are at their home?

· If someone knocks on your door…don’t just open it up…make sure you have a peephole to see who is there

· Lock your doors and windows

· Vary your daily routine

· Be wary or unsolicited offers to make repairs on your home

For more financial related topics visit www.reliancewealth.com or if you have a question for Aaron, e-mail him at aaron.maguire@reliancewealth.com.