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EP 31: Don’t Lose Your Life Savings In An Instant

Apr 1, 2024

Marjorie Bloom had worked 42 years as a federal attorney. She had amassed her nest egg of $660,000 for retirement through decades of work and an inheritance from her parents. She was looking forward to her future and ultimately leaving any leftover money to her children just as her parents had for her. Unfortunately, that all changed in 2021 when her computer suddenly froze and cunning con artists stole her life savings. This story first published by CNBC in 2023 tells a far too common story of individuals losing funds to cyber criminals. With cybercrime becoming increasingly sophisticated, all individuals need to be prepared to protect their information and accounts. In this podcast, we discuss the prevalence of cybercrime as well as common scams and ways to decrease the likelihood of becoming a victim. If you are interested in learning more about how to protect the wealth you’ve created from cunning cybercriminals, we think you’ll enjoy this episode. Thanks for listening! For more details on cybersecurity, check out our blog post covering the same topic at https://pw-wm.com/learn/financial-planning/dont-lose-your-life-savings-in-an-instant/

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For more details on cybersecurity, check out our blog post covering the same topic.

About The Podcast Hosts

Steve & Nathan

Steve and Nathan have a passion for teaching others about finances and how to build the financial independence that is achievable with the proper planning. In their roles at Prairiewood Wealth Management, both Nathan and Steve focus on providing comprehensive financial advice to ensure their clients have a coordinated plan that covers all aspects of their finances including their investments, insurance, estate plan, and charitable giving goals.

As Certified Public Accountants (CPAs), both Nathan and Steve believe that one of the most overlooked aspects of financial advice is the tax impacts that result. Accordingly, a core focus of the advice they give centers on integrating tax strategy into the overall financial advising process.

Steve and Nathan are excited to share their knowledge through this podcast as well as their blog with the goal of helping you effectively manage your family’s wealth and ensure you have a comprehensive and coordinated plan for your future.

About Steve & Nathan