Financial Planner Raleigh Chapel Hill Durham Cary NC

Chip Hymiller, CFP®, Educates Group on Financial Scams and Identity Theft

In Company News by Chip Hymiller

Chip Hymiller, CFP®, a principal with the Raleigh, NC, based fee-only financial planning firm Beacon Financial Strategies, spoke to a group of approximately 30 senior citizens recently, providing the group with useful tips and information on how to protect themselves from financial scams. Hymiller spoke about detection and prevention techniques on a variety of topics including email, Internet, telemarketing and direct mail scams, as well as identity theft.

“Recognizing potential scams and taking a proactive approach to preventing them are the primary factors in avoiding both financial scams and identity theft,” said Hymiller. “Hopefully, creating public awareness of the more common financial scams will help avert them in the future.”

In his discussion, Hymiller urged the group to recognize pressure sales tactics, ask lots of questions and avoid making emotional financial decisions when considering any financial offer or advice. In addition, Hymiller reminded the group that there is no such thing as a low-risk, high-return investment and that if an offer sounds too good to be true, it probably is.

For more information on Beacon Financial Strategies, call 919-803-3801 or visit www.BeaconFinancialStrategies.com.

About Beacon Financial Strategies

Beacon Financial Strategies is an independent, fee-only, financial planning firm that provides clients with a coordinated approach to financial planning, tax planning and investments. Beacon Financial Strategies’ team of professionals works with clients on a consultative and objective basis to help them achieve their personal financial goals. They specialize in the following areas of financial planning: retirement feasibility planning, investment management, estate planning and coordination, executive stock options, tax minimization strategies and other wealth management services.