10 Money Mistakes to Avoid in Your 50s

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Falling for Pyramid Schemes and Scams

Pyramid schemes and scams tend to target older individuals who have more money and may be more vulnerable, Mitic said. “This can range from an innocent-looking door-to-door consultant that convinced you to commit to a monthly donation plan for a cause in Africa to more serious scams and pyramid schemes,” Mitic said.

“These may seem like a great investment opportunity at first until you are locked into a yearly plan that drains your finances.”

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