Seniors & Retirees

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Government vs. private student loans

Looking to take out a student loan for your child or grandchild soon? Clark has some advice, and tells you why you should opt for a public loan.

• 12:00 a.m. Thursday, April 26, 2012

Hospitals stationing bill collectors in the ER

If you thought health care couldn't get any worse in America, I'm about to shock you. The attorney general of Minnesota is investigating allegations that some hospitals are sending third party debt collectors dressed as employees into emergency rooms. During triage, these collectors will run a credit check on you ...

• 1:40 p.m. Wednesday, April 25, 2012
• Comments  (7)   

Met Life fined for knowingly not paying survivor benefits

RIP-OFF ALERT: The nation's largest life insurer has agreed to a multistate settlement because it did not pay claims for policy holders it knew to be deceased. Met Life and other insurers who issue disability insurance and other policies that cease at the time of someone's death subscribe to databases ...

• 3:10 p.m. Tuesday, April 24, 2012
• Comments  (3)   

Self-directed IRA scams threaten seniors' retirements

RIP-OFF ALERT: Alternative investment scams that involve self-directed IRAs are leaving senior citizens with no retirement money. I've gotten several calls on the show about seniors being told by marketers and salespeople that traditional investing in stocks and mutual funds is a waste of time. The real money, they say, ...

• 2:42 p.m. Thursday, April 19, 2012

Annuity salesperson sentenced to jail time

For as many years as I can remember, I have had so much anger about insurance salespeople who sell annuities to senior citizens. For most seniors, the only appropriate annuity is an immediate annuity or life annuity. Finally, somebody has gone to jail for what I've always believed is a ...

• 1:03 p.m. Monday, March 26, 2012
• Comments  (3)   

Scam targeting seniors by promising bogus tax credits

Senior citizens are being ripped off by crooks promising them bogus tax credits if they file a tax return this year. Somewhere near a third of senior citizens get by just on Social Security. Most of those people don't have to file tax returns because their income is so low. ...

• 1:00 p.m. Monday, March 19, 2012

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Watch out for this Medicare phone scam

Scammers are working the phones and using Medicare as a pretext to trick seniors into divulging personal info. Here's what you need to know if you have Medicare (or know someone who does.)

• 12:00 a.m. Wednesday, Dec. 28, 2011

Septic tank system scam targeted seniors

Con artists stole $1 million from people by convincing them they needed specially formulated toilet paper to comply with new government regulations. When I read about various scams out there, sometimes they're so far beyond belief that I can't understand how criminals think these things up! In this case, the ...

• 1:43 p.m. Friday, Dec. 16, 2011

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New Ripoff Alert: the "Grandma Scam:

How could your Facebook postings cause your aging relatives to get scammed? Clark has two warnings to help you and your senior loved ones stay safe.

• 12:00 a.m. Tuesday, Dec. 13, 2011
• Comments  (3)   

Paying just $1 for a timeshare may still be too much

If you go to eBay and you type "timeshares" in their search bar, you'll see tons of search results advertising timeshares in beautiful beach locations, desert spots or mountain hideaways being sold for $1 or $39... or even one penny! What's going on here? Simply put, the timeshare business is ...

• 1:46 p.m. Wednesday, Oct. 5, 2011
• Comments  (9)