We hear and read frequently about baby boomers and the retirement years they are now entering. A recent article in the Wall Street Journal discusses a downside to that impending or occurring retirement. In an effort to make up losses from stock market uncertainties and the drop in home values, many baby boomers have been tempted to try less traditional investments, and this has led to an increase in investment fraud. The SEC is planning to issue some guidance about investment scams that older Americans should avoid. Some of the techniques used are promissory notes, private placements and unregistered securities, and they are often aimed at holders of self-directed IRAs. The article cites a study that apparently demonstrates that the ability to make effective financial decisions generally peaks at age 53.3, although there is obviously much variation depending on training and experience. Perhaps it’s advisable to remember the investment expert who suggested that the best course was to “get rich slowly.”