- Altruistic Surprise Annuities. A real altruistic annuity is a type of financial investment whereby a donor gives a big amount to a charity. Inturn, the foundation gives the donor with a set income stream for the rest of their lifestyle. However, many seniors tend to be unwittingly placing their money into artificial charitable annuities. There isn’t any actual foundation for the cash. Alternatively, it goes directly into the sellera€™s very own profile.
- a€?Risk-Freea€? and a€?High-Returna€? assets. In investing, danger and get back usually run in conjunction. Any expense that claims big profits with little to no or no possibilities is nearly certain to be a fraud. The same goes for investment that claims to become 100% risk-free. Seniors will fall for this type of promise simply because they are more risk-averse than many other buyers.
