See chart regarding top financial related concerns for readers in 2022 from Investopedia below.
Social Security Hacks – Protection Against Scammers
A few weeks ago, we covered financial scams on our radio show called the Toro Bravo Retirement Income show. It runs on AM 940 NewsTalk on Saturday and Sunday Mornings from 8am – 9am and/or 10 AM-11 AM CST. (You see how I worked that in?)
If you get a call from someone saying they are from Social Security, hang up. Scammers are using unsolicited phone calls to scare you into either sharing information about yourself or to get you to make a payment to save your Social Security benefits.
Social Security will contact you through the mail. They use a standardized form to ruin your day and they will never call with threats or intimidation. SSA does not suspend anyone’s number.
If you do receive a letter asking you to contact the SSA, be careful of the number provided. Go to SSA.gov and look up how to contact the SSA. (The number is 1-800-772-1213 between 8am – 7pm Monday – Friday. Wait times are shorter Wednesday – Friday.)
For more information go to SSA.gov/fraud to read on Social Security fraud and how to protect yourself.
Sources Citations Bibliography:
⦁ Investopedia
⦁ RSSA, Social Security Administration, ssa.gov
Supplemental Disclaimers:
This article is informational only and is not investment advice. This is not an offer to buy, hold, or sell investments like securities or insurance products.
Securities and Investment Advisory Services are offered though Toro Bravo Investment Advisors, LLC. Life Insurance and Annuities sold as an insurance broker are not a fiduciary relationship and are not offered by Toro Bravo Investment Advisors, LLC.
Securities or Insurance are not FDIC/SIPC insured and investments contain risk plus could be subject to loss.
Losses could be short term or permanent. Numbers and figures illustrated are hypothetical in nature and past performance is not a guarantee or indication of future results/performance.
We are not affiliated with the Social Security Administration (SSA), Internal Revenue Service (IRS), or any Governmental Agency.
Do not rely solely on the Legal, Tax, or Financial information presented for it may not be suitable for your individual situation.
Consult your legal, tax, and/or financial professional before acting on any strategy or recommendation (i.e. major changes or before initiating the purchase, hold, or sale of any investment or investment strategy). Every individual’s strategy can differ depending on current circumstances and goals.