About Your Retirement: Small Business Scams

Retirement expert Jim McWhirter answers your questions.

This week a viewer asks:

"Jim, I'm a Baby Boomer, Small Business Owner, and have been struggling since April due to the pandemic. I had been reaching out to the SBA Government Assistance Programs. They are so hard and too much paperwork to understand. I was called by an SBA person that said he could simplify and it would only cost $1,000 to process the applications properly. I was so excited I didn't think, paid it, and learned later I lost my money. How do we stop this?"