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AARP (Getty Images 2) Facebook Twitter LinkedIn Question 1 of 5
Disasters like Hurricane Helene can bring out the best in people, as neighbors and strangers alike roll up their sleeves and open their wallets to help those picking up the pieces. They also
bring out the worst in scammers, for whom others’ misfortune is just a chance to make a fast buck.
What's a common disaster scam you should watch out for?
Fake contractors Government, insurance and utility impostors Bogus charities All of the aboveYou can sniff out a scam by keeping a watchful eye out for on-the-spot offers, fees for service and unsolicited offers. You should also investigate before hiring a contractor, make sure
you’re working with genuine insurance agents, and be careful about whom you give personal information to.
Question 2 of 5Tens of thousands of dockworkers from Maine to Texas went on strike Tuesday, halting deliveries of everything from bananas to sneakers in major ports along the East and Gulf coasts.
If the strike lasts for several weeks, which products could see price increases and shortages of goods across the country?
Footwear Dairy products, eggs and honey Wine and spiritsAutomobiles and toys All of the above
The strike “means operations at the covered ports stop. Neither imports nor exports will move, vessels will start to back up outside the ports, containers will sit and industries from retail
to manufacturing to agriculture will be impacted,” according to Jonathan Gold, vice president of supply chain and customs policy at the National Retail Federation. “For retailers, that
means holiday shipments might not arrive on time. Manufacturers might not receive parts, materials and supplies needed for production, which will lead to assembly lines shutting down.”
Question 3 of 5
Many older adults aren’t prepared for a rainy day. Around 3 out of 10 Gen Xers (ages 44–59) and 16 percent of boomers (ages 60–78) have no emergency savings, according to Bankrate’s 2024
annual emergency savings report.
Retirees should have enough saved in their emergency fund to cover how many months of expenses?
1 to 3 months 3 to 6 months 6 to 9 months 9 to 12 monthsOne rule of thumb is to build an emergency fund that can cover three to six months’ worth of living expenses. However, “for retirees I’d say more like six to nine months,” one expert
recommends. “This is because they have a higher chance of unexpected health care costs arising,” he says. “They also are no longer receiving an income from a job and have a large majority of
their wealth tied to investments, so having a larger chunk of available cash allows those investments to ride out tough times and can help them avoid having to sell during an inopportune
time in the market.”
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