Many seniors concerned about outliving their retirement savings purchase a fixed annuity contract. The following annotated bibliography on fixed annuities, written for both consumers and their attorneys, provides links to Internet resources, articles, books, and consumer advocacy groups.
FINRA BrokerCheck is a free online tool that searches the securities industry registration and licensing database to help investors check the professional backgrounds of current and former FINRA-registered securities firms and brokers.
Cutting Through the Confusion is a brochure that explains the varying legal obligations brokers, investment advisers, and financial planners must meet and identifies questions investors should ask themselves and sales agents before making an investment.
Preventing Fraud
Approximately 5 million U.S. seniors fall prey to financial abuse and fraud each year. Many cases involve the recommendation and sale of unsuitable or fraudulent investments and insurance. Elder Law practitioners can assist their clients by familiarizing themselves with the basics of investments and insurance, as well as common financial marketplace scams.
