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Okay. You’ve retired and now you’re thinking of moving to your dream state. When you arrive, do you buy a new home/condo or rent?

Here’s what the experts say…

Buying a home is good financial decision if you’re planning on owning for 10 years or more. Often times your dream state turns out be less than you hoped. So those in the know say you should rent first, for a year or two, to see if like the area before actually buying. Now you know.

Oh, and wishing you a long and happy retirement!

Do you ever receive an email claiming to be from FedEx, UPS, DHL, Amazon or some other business involved in shipping that’s notifying you that a shipment is coming your way – when you know you never ordered anything?

Beware. Courier cons are on the rise. Bogus shipping confirmations contain links that once clicked deliver malware to your computer!

Experts always recommend that you never click on links in these types of emails. Instead, go to the bona fide website of the business that claims to be contacting you and check it out from there.

Once you’ve retired, experts say it makes less sense to lease a car than to buy it outright.

Here are their reasons:

1.) While lease payments may be lower than purchase payments, over the long run, buying costs you less over the long run. That’s because after you pay off your car (typically in 5 years), you can drive payment free for as long as you care to continue owning the vehicle.

2.) You don’t have to worry about mileage. Typically, when we retire, travel is one of the activities that tends to increase. With a leased vehicle, you pay penalties for driving more than 12,000 to 15,000 a tear.

3.) Should your lease vehicle be involved in an accident that totals the vehicle, you may be liable for an “early termination fee.” You may be able to avoid such a fee by purchasing gap insurance, but that insurance also creates an additional expense you don’t have with a purchased vehicle

4.) Typically, your regular insurance may be higher as well as the leasing agency requires you to carry a higher accident liability than you might purchase if you are buying the car. This is because the lease vehicle is still legally the property of the lease company. If it’s involved in an accident, lawyers for the other party usually go after the lease company, figuring they have “deeper pockets” than the driver. To protect themselves, lease companies require you to carry higher liability insurance.

However, if you’re the type that likes driving a fancier car than you may be able to purchase or if you like having a new vehicle every 3 years or so, then leasing might still be the way to go no matter your age!

It would be a rare person who has not had at least one attempted scam via phone (cell or land line) this past year.

Law enforcement says these are the top scams of the year gone by:

  • Phone numbers on your caller ID that are very close to your own number. Scam artists know you're more likely to answer an unknown number that's close to your number. If you don't recognize the number, let it go to voice mail.
  • “The IRS” claiming they’re about to take you to court or have you arrested unless you make immediate payment via wire transfer or debit card. Tip: The IRS NEVER makes phone calls. Official business is always conducted by mail.
  • “Tech support worker” claiming they need access to your computer remotely to remove viruses. What they’re really going to remove is your personal information.
  • “Utility bill collectors” looking for immediate payment or else your utilities will be shut off. Again, real utilities do not operate this way.

When in doubt, get off the phone and make contact yourself with the agency the original caller claimed to be from.

What’s Hot in the World of Collectibles…

Space Program Memorabilia: Particularly from the Apollo moon missions. Our early astronauts tended to sign a lot of autographs, which they left with their families as a kind of insurance in case they dudn’t make it back!

What’s Not…

WWII Memorabilia: They may have been the Greatest Generation, but their wat souvenirs are fetching much on the collectors’ market.

Looking to raise a little cash and de-clutter at the same time? Here’s what’s hot and what’s not in the world of collectibles:

HOT NOT
Coins/Currency Pre-20th Century War Artifacts from WWI or II
Cardboard Advertising Signs  Metal Advertising Signs
Movie posters Pre-1990 Movie Posters Post-1990
Space Program Collectible Comics Books Post-1970
Vintage Mint Condition Toys Post-1960 Campaign Buttons

 

Happy hunting!

Authorities warn that today’s biggest scam is the supposed call from “Tech support.” Fraudsters are racking up nearly $460 every 10 seconds for a yearly haul of $1.5 billion.

Here’s how the scam works.

You get a call from somebody claiming to be from “Microsoft,” “Windows” (a giveaway as Windows is the name of the operating system, not the company) or an anti-virus software company such as Norton or Symantec. The caller claims that software on your computer is sending them messages that you have very dangerous viruses on your computer. They can remove the viruses if you give them remote access to your computer.

What that remote access will really do is give the scam artists access to all your vital information, account numbers and passwords.

Here’s what you need to know:

1.) Companies like Microsoft and Symantec will never call you out of the blue. They just don’t.

2.) Anti-virus software is designed to catch and remove viruses all by themselves. There is no anti-virus software that alerts the home office and then requires a live tech support person to remove it.

Don’t fall for the scam. Either hang up or do what we do. Ask the caller if they think their mothers would be proud of how they’re spending their days as a thief who hides their true identity and tries to rip off old ladies.

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