Tuesday, August 10, 2021

Securing your Social Security number

 We all know how important our Social Security number is, so I thought we’d go over how to keep your Social Security number secure. First, know who really needs your number and who doesn't. There are several organizations that require your Social Security number, including your employer, the IRS and financial institutions. But there are many other organizations that might ask for your Social Security number but don't really need it, including hospitals, doctors, insurers, utilities, schools and retail stores. Don't carry your Social Security card around with you. Don't put your Social Security card in your wallet or carry around documents with your Social Security number. If you receive financial statements or other documents containing your Social Security number, lock them away in a safe place or shred them carefully if you don't need them. Don't give out your Social Security number in unsolicited calls or emails. Some seniors receive telephone calls from people pretending to be representatives from the IRS, Social Security Administration or financial institutions who say they need to confirm your Social Security number. But none of those organizations is likely to reach out to you requesting your number. One widespread phone scam involves telling potential victims that their Social Security number has been suspended, which is impossible because Social Security numbers cannot be suspended. And Create a “my Social Security account”. Workers age 18 and older are eligible to create a my Social Security account and get a personalized estimate of future Social Security payments. If you have questions we can help call 855-22money or go to yoursafemoneyshow.com.

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