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