Thursday, April 21, 2022

VETS - DON'T LET YOUR PENSION GET STOLEN

Do not let someone redirect your pension payments.  Pension theft can occur when someone convinces you to shift your payouts to a new bank account or a separate financial product such as (annuities or trusts) 

Warning Signs

  • A financial adviser tells you that you’re entitled to additional benefits simply because you’re a veteran.
  • An adviser guarantees that they will get you an enhanced VA pension.
  • Don’t trust an organization or individual that contacts you out of the blue and offers to assist you with a VA claim.
  • Don’t hesitate to say “no” if an adviser pressures you to act fast.
  • Don’t be swayed by a name. Words like “veterans” or “military families” in an organization’s name doesn’t necessarily mean it’s legitimate, the FTC says.
  • Don’t settle for vague or evasive answers. If a financial professional won’t definitively answer your questions, walk away.
https://www.aarp.org/money/scams-fraud/info-2019/pension-poaching.html 


Also, for more information of Identity theft visit https://www.va.gov/identitytheft/


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