Millions of Americans become victims of identity theft each year. Identity theft is when someone steals your personally identifiable information – like your Social Security number – and pretends to be you. The thief then uses this information to open bank or credit card accounts, file taxes, or make new purchases in your name.
To help protect you from identity theft, the Social Security Administration put together a list of tips. Number one is to safeguard your Social Security number (SSN). If someone asks for your number, you should ask them why they need it, how it will be used, and what will happen if you refuse. Often times, a form may ask for your SSN but it’s not really necessary. Only share it if absolutely necessary.
To further minimize the risk of identity theft, keep your Social Security card and any other documents that show your Social Security number in a safe place. Do not carry your Social Security card or other documents with you that display your number unless you need them. It’s best to store them in a home-safe or other secure spot.
If you believe you are a victim of identity theft, you need to report it so the Federal Trade Commission. You can file a report on their website or call 1-877-IDTHEFT (1-877-438-4338); TTY 1-866-653-4261.
Protecting Social Security and expanding Social Security is the mission of The Seniors Trust. We believe the best way to do this is by enacting the Social Security Expansion Act. This landmark piece of legislation will increase monthly benefits, establish a fair cost-of-living adjustment, and shore up the long-term solvency of the Social Security program.