Scams

Avoid Fraud in 2020 By Writing the Complete Date

Protect your documents from scammers who could change the date on your important documents.

Scammers could make your 2020 miserable if you abbreviate the year as ‘20 when dating legal documents, authorities are warning.

That ‘20 could be turned into “2018” or “2019” on a check or other legal document, setting you up for fraud, according to the Takoma Park Police Department in Takoma Park, Maryland.

For instance, the scammers could date that captured check to “2021” and attempt to cash it again next year. Another scenario: Say you signed documents agreeing to start paying debt on 1/3/20. That could be turned into 1/3/2019, and the scammers could attempt to collect past debt.

The simple solution: Fully write out the year -- 2020 -- on any legal documents, authorities say.

Most Popular

How to Use Your Estate Plan to Save on Taxes While You’re Still Alive!
estate planning

How to Use Your Estate Plan to Save on Taxes While You’re Still Alive!

Upstream basis planning is a trust strategy that can save wealthy people on their capital gains taxes and income taxes associated with highly apprecia…
July 3, 2022
Your Guide to Roth Conversions
Special Report
Tax Breaks

Your Guide to Roth Conversions

A Kiplinger Special Report
February 25, 2021
Don’t Be Tricked into Voluntarily Paying Higher Taxes on Your IRA
IRAs

Don’t Be Tricked into Voluntarily Paying Higher Taxes on Your IRA

Traditional IRAs are set up in a way that basically incentivizes you (and your heirs) into paying the highest tax bill possible. Don’t fall for it. Co…
July 4, 2022

Recommended

Financial Advice from America’s Founding Fathers
credit & debt

Financial Advice from America’s Founding Fathers

What money-management guidance can we glean from the words — and experience — of Benjamin Franklin, Thomas Jefferson, Alexander Hamilton and others?
June 30, 2022
Prepare for Painful Utility Bills, Gas Station Visits
spending

Prepare for Painful Utility Bills, Gas Station Visits

While brutal pump prices are dominating the headlines, consumers also are absorbing rapidly escalating utility bills.
June 14, 2022
Why Are Gas Prices Still Going Up?
spending

Why Are Gas Prices Still Going Up?

The cost of a gallon of gas is at an all-time high. What’s driving the surge and will gas prices go down anytime soon?
June 13, 2022
Beneficiary Designations: 5 Critical Mistakes to Avoid
retirement

Beneficiary Designations: 5 Critical Mistakes to Avoid

You may be surprised at how easy it is to make an expensive mistake with your beneficiary designations. Here's how to help avoid the five most common …
June 6, 2022