7 Things a Retiree Should NEVER Disclose
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- เผยแพร่เมื่อ 27 พ.ค. 2024
- This video discusses seven things a retiree should never disclose to anyone! The video also discusses how criminals trick their mark into giving up sensitive information, bank access and even let the criminal know when they're not home! This is a must watch video for anyone who is concerned about their personal and financial security.
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Disclaimer: this video is for educational and entertainment purposes only and is not meant to be a substitute for legal, accounting, tax, or professional advice. If you have any specific questions about any legal, accounting, tax or other professional service matter you should consult the appropriate professional services provider.
Hi All. For those who are looking to lock their credit report - see the description on where to go.
Where do I find the description? I am not seeing this and I want to lock my credit reports. Thank you!
I don't understand the last thing you said about familiar security questions. Please explain it. Thank you
Do you know there are many spam comments in the comment section of your video ? Sigh
To those locking their credit: Be Sure to understand how to unlock it, as well!
I locked ours years ago, however, after we moved, we couldn’t even get a land line phone, w/o a credit report! Thankfully, our son set it up for us, w/ internet. Now it’s in his name, and only he can call when we need help w/ internet access problems. I was finally able to unlock one of the 3, but cannot unlock the other 2! I want to re-lock the one, but my husband tells me no…
I cannot find the locking info yoo
I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.
Consider buying stocks when the economy is not doing well, like during a recession. It could be a chance to buy them at a lower price and sell later when prices go up. Just keep in mind, this isn't financial advice, but sometimes it's better than keeping a lot of cash.
I’m closing in on retirement, too, and I have benefitted so much from using a financial advisor. I didn’t start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in more profit than some of my peers who had been investing for many years.
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.
Roughly £120k in my portfolio are in tech/TSLA stocks, can I get an advice on any other stocks that I can acquire to diversify my reserve across multiple markets while creating a comprehensive portfolio allocation that balances my concerns of risk aversion and returns that meet yearly inflation.
Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.
Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.
Could you kindly elaborate on the advisor's background and qualifications?
Just research the name Angela Lynn Shilling. You’d find necessary details to work with a correspondence to set up an appointment.
Just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.
Regarding "don't give out your home address": The same holds true for your work location. I HAD a nice car and a worker at the shop asked me where I work. Simple friendly question, which I answered. 3 days later my nice car was stolen out of the parking lot at my work.
I no longer wear shirts with my work logo and I give vague answers about work and home details now.
Lesson learned.
More fun is to think of the biggest and busiest mall you can think of with a gigantic parking lot and say that you are in the management office there. Then they will potentially spend hours looking for your car which isn't there.
@@tim71pos well sure, if you think you might be dealing with a car thief. But I was just making conversation with the "tire salesman" behind the counter...
@@mikeb.1705 That person may be honest, but he may have made a comment to a friend who is not so honest!
@@kendaleklund7475 very true! But the results of my loose talk was the same :-/
Wow! I don’t even think about the questions people ask.
Best thing I've ever done is bring up Politics at Thanksgiving. Saved me a LOT of money on Christmas gifts. I highly recommend you adopt this approach to protecting your savings 🙂
That’s a financially prudent approach :)
😂😂😂😂😂😂😂😂😂😂😂😂
Love it! You’re awesome.
As a Libertarian I alienate 96% of people.. I disagree with everything, everyone, says politically.. even Anarchist. 🎉🎉🎉
Great idea.
I have seen a few videos on "The Importance of Looking Poor." I live in Los Angeles and the news is filled with follow home robberies, assaults, homicides. The victims are mostly people driving flashy cars, carrying expensive hand bags, and wearing high end watches. Now that I am retired, I wear, jeans, a tee shirt and gym shoes, I drive an 11 year old Honda Accord, complete with dents and scratches, no jewelry, and an Iphone stashed away. I don't want to advertise that I have anything worth stealing.
Love it!
Yeah. A friend of mine, too. He bought his clothes used at thrift shops, and yard sales. He dressed like an absolute bum. His home is in the mountains and over 5000 ft.². The second home looks like a palace and is on the ocean. If you saw him on the street you may be inclined to give him a sandwich. Same for Onassis. In everyday life he wore tattered clothes. He didn’t care. Just wanted to be comfortable.
Yeah, I work hard all my life to live the lifestyle of a street bum. No, I move to Dubai, Zurich, Orangestadt, etc.
@@Tee55118 You are correct! There are places with no street crime.
@@maxwellspeedwell2585
Oops! I might have to stop giving homeless people food. 😮
Those making negative comments , you’ve never been a victim of identity theft. It’s traumatic and can ruin your future saving or retirement.
And all the time it takes to try getting things sorted out. And all this while you are trying to live life (job, kids, vacation, home stuff, rest)
I never thought it would happen to me but it finally did at age 52. I caught everything at the last second and stopped them from getting my money out of my 401k. One more day and they would've taken everything. If you ever get a letter saying you were denied or approved for a credit card you didn't apply for, move FAST and contact all your different financial institutions because you are about to get destroyed.
@@ronja6791 lock your credit at all 3 bureaus, that alone would prevent most of it.
I was in the United States Marine Corps, 1972-76. Our social security number was our service number. When I was in college, our student ID was our social security number. The military and schools have both discontinued using SSN for ID.
It's impossible to keep your ssn secret. Anyone you have a financial interest with needs it. Banks, employers, insurance companies, mortgage companies. Doctors and dentists need it if you pay your bills via insurance.
I too was in the Marines from 1972-1976. SSN was on our sea bags, dog tags you name it. Went to Parris Island for boot camp. Take care Marine, Semper Fi.
Military uses last 4 as ID
My cousin ask me a security question and I asked him why is interested in that particular info. He gave me a BS answer. I was shocked.
Another privacy issue. Check to see if the house you bought had an online virtual tour. Many are not taken down. Enter your address and the entire interior and exterior of your home might be there for the world to see.
Guilty… I neglected to follow up on this leaving my new home on the web way too long. Make sure to speak with your realtor to have the listing removed after the closing.
Wow I noticed that! This video popped up strangely
Excellent point. Very easy to breach a well laid out ( and posted on the internet for all to see and use!!) floor plan!! Also, another very severe breach are the seemingly innocent home video security cameras. So many folks have never taken the time to learn about using a passcode to protect themselves. Also, always use a password that is generated by a password manager. You must continue changing said password. You can never be too careful. There are websites anyone can get access to that hackers search out and post live video of all the folks innocently streaming all their private daily lives, just playing out in real time for all who want to watch!! Very scary!! God bless all!!
Thank you for this. I would have not thought of that. Fortunately our house didn’t have one of those.
This may go without saying, but make sure all the photos, in addition to a possible virtual tour, are removed. It’s my understanding the seller’s real estate agent is responsible for contacting MLS to remove those, but do not assume they will after the sale or even after your initial request.
Never disclose:
1. 0:37 financial information- income and net worth.
2. 1:59 social security #
3. 3:45 disclose home address
4. 5:36 email addresses
5. 7:54 mobile number unless you initiate transaction
6. 9:42 political views
7. 12:01 answers to security questions
👍
Thank you!
Nice! thank you... hey, I bet you have a spreadsheet for everything, eh? 🤣 Very organized.
@@macforme kinda but kinda the opposite!! 😂😭 I do try to be organized because I’m naturally a bit chaotic and absent minded and lose stuff if I’m not careful and I have to write a lot of things down or I forget.
8. Remove your name from your home address and phone from all searching site and google search.
9. Block your home image on google map ( this method will be permanent block your home image from the public and cannot undue).
These days every medical appointment involves filling out forms full of detailed information which always includes full name, spouse's name, address, employment, birthdate and SSN. We are old enough to remember when we got our social security cards the first time and they included the admonition that the number was not to be used as ID. I'm particularly concerned about the extremely high turnover rates among medical staff these days, and there's no telling how much screening is done, especially when many hospitals are severely short staffed.
Your personal information is sent overseas because hospitals and clinics now use medical coding businesses in India and the Phillipines ..this should not be allowed but our government doesn’t care ..these folks work for a dollar a day instead of having an in house medical transcription department as in years ago ! It’s awful !!
I always give a fake number for medical records. They never check!
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
@@mikegarvey17Mind if I ask you to recommend this particular coach you using their service?
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
My wife and I have left our credit locked for the last several years. When we do need a credit ran for a loan or other reason, they have to disclose which company they plan to use. If they say they run them all, we make them pick one. If they won’t we walk away. We unlock the one for the duration of the transaction then relock it. This is not optional
Thank you, this sounds like excellent advise.
advice
@@transitengineer
When I asked a car dealership to take care of the financing they told me "We can get financing for anyone, even YOU', I knew I was in good hands.
We froze our credit years ago.
How do you freeze your credit?
On the topic of security questions, like mother’s own name or first pet etc., social media are full of silly quizzes which people share without thinking. In doing this, they are revealing the answers to their secondary security questions, to everyone! Helpful vid 👍🏼
Also for some of those questions, siblings and family members already know the answers too because either they are the same as theirs (i.e. mother’s maiden name for a sibling) or even a cousin might know the name of your first pet. If you have shady people in your family this could be a problem. A lot of those questions need to be discontinued, especially for banking.
@@ajoy586 Beside shady family, which would be crap, the creators of many of these viral quizzes on big platforms have been shown to be harvesting all the data from the unsuspecting users.
Can give fake answers to the security questions. Keep track of your new answers in a safe location.
@ajoy586 I'm glad my bank asks me for a phrase I make up!
@@ajoy586 a mother’s maiden name can usually easily be found on the Internet. Many genealogy sites have information like that so that question should not be used.
My father is an old Iowan. I was raised NEVER to discuss finances. It's just not done. Good video, good advice.
Thanks - I love the Des Lux hotel in Des Moines.
If employed, you really SHOULD exchange finances with other employees, as the employer will have a definitive information advantage otherwise, and WILL use that to skew the salary negotiations.
@@BPo75I agree. I worked at a large corporation in a niche profession. They had three people in that dept for several years before they hired eight more of us when they expanded our group. One of the new hires was tasked with a huge project and mentioned they’d need to pay her more than X to take it on. One of the original three employees was shocked to hear how much the new hire was earning for the same job with no experience! They immediately asked for a salary that matched us new hires and they got it, as they should have.
Isaiah 39:2-6
It didn’t go well for King Hezekiah when he did this.
Do not tell who you vote f I r or whatever you hear in confession for priests out there😮😮❤
I'd add social media to the list.
People disclose a frightening amount of personal information, not only about themselves but also family members, exposing even more people to multiple types of fraud.
Ive had to have that talk with an elderly family member, requesting they no longer post our personal information in Facebook comment sections on pages they follow.
Yes, many seniors are too trusting! I tell my 89 year old friend if he gets a call where the person has an accent, hangup!😲😲
@@wallychambe1587
_Everyone_ has an accent, so that's bad advice.
Just don't answer rings where the number is unfamiliar.
If it's important they will leave a message or text you.
@@Coryraisa A thick Indian accent may be a stereotype but the fact of the matter is that 55% of ALL financial digital scams in the world come from India alone. That is staggering and I would also add Pakistan to that list as well. They can spoof numbers (they spoofed my credit union number trying to get information from me...I didn't fall for it) so a number can be familiar just not legit. Also, get ready for more scams once AI technology is released to the masses.
I'll never understand people who post info/photos on vacation on social media in real time. What are they thinking? Might as well put out a welcome mat for thieves to rob their homes while they are on holidays. Then there's the ones who take expensive jewellery with them on holidays and dress like obvious tourists.
@@Era515
Agreed!!! Too many people overshare on social media.
He forgot to mention not to have a banking app on your phone. I listen to Clark Howard, and years ago he said you should have a designated computer for your banking.
Absolutely! No way I'm installing a banking app on my phone.
@@Era515 I think the next step is to come up with a unique or new email address for your banks and only access that from your home computer. And make sure it’s not linked to your phone so if they grab your phone there will not be any history of you logging into any of your bank accounts or getting any emails because don’t sync that email to your phone
I’m tired I hope I’m making sense
Have all your Credit Cards and Financial mail addressed to a PO Box under a different ZIP code. This makes it more difficult for anybody to try to open other Credit Cards or Loans in your name since the ZiP code is needed.
@@BernhardSchwarz-xs8kp as a retiree. The last thing I wanna do is drive to another ZIP Code to pick up my mail.
Certainly a clever idea
@@dcwatashi I happen to live at a point where 3 ZIP codes come together. My 2 different P.O. Boxes are 5 minutes within walking distance. Look up your location- you might be surprised.
institutional buying into PbatesLTD could totally break the cycle and the peak expectation of end of 2025 will likely spectacularly fail to appear. If the last double peak was odd, the next one will catch most people out again.
Never give real answers to personal security questions. Always treat it like another password and give a random word that you have recorded in a password manager.
Your advice applies to everyone. Not just for retirees. :) Thank you!
I like the "never disclose financial income & information with family/friends". Everyone's afraid of outside manipulation from those you don't know. How about the people you do...exactly!!
well that's a character judgment thing, you are more likely to know family well enough that you can or can't share certain info with, whereas a stranger is a complete unknown from a history and trust perspective.
@paladro No..I don't think so. People can always hide or disguise their real intentions...and family members are no exception. The ones that really hurt are the ones where you didn't expect it and get stabbed in the back royally...because you put your trust in someone. Situations involving money, business dealings or acquiring material stuff usually helps to separate people and put them into their "categories"....this includes family.
My husband and I retired. Our siblings can't figure it out as we are younger and didn't make nearly as much money over the years as they did. They keep fishing to figure out our net worth. We won't tell them. One even told me he looked us up online. They still work because they never learned how to invest or live below their means.
In the lead-up to our retirement, we purchased a home, located in a historical district in our future retirement city. We spent considerable time and money in planning the renovation and reconstruction of the house, most of which was done in our absence, since we live about 900 miles away. We kept in touch with our contractor via FaceTime and site visits every other month. One of our neighbors warned us against joining the ‘optional’ HOA, as they would be in our business, and during the neighborhood HOA ‘socials’, we would be approached and asked about our jobs, income, investments, political views, etc. She regretted joining the group. We discovered there were several influential residents in our neighborhood, including judges, lawyers, doctors, politicians, etc. The nature of my husband’s job prevents us from discussing any of our personal information, due to the security clearance his job carries. I told our neighbor that they could do their best to investigate us, but they would come up empty. We can’t even be tagged in anyone’s Facebook photos. Yep, we’re a mystery to our neighbors, which we’ve been informed has frustrated them to no end.
Oh, and we’ve refused the repeated invitations to join the optional HOA because we don’t want the Board or membership to tell us what we can do to our property. We adhere to all City zoning requirements. We restored our 90-year-old house to meet the historic district standards, installed a security system with 12 exterior cameras, and followed with constructing a wall, fence and powered gates surrounding the property in order to keep people off our property and to preserve our security.
Being a turtle in family and friends of hares, best shut up if you know what good for you. Even when luxury cars and vacations are flaunted, be happy for them.
Good tips and thank you! I also drive an older car I bought new and have maintained. It fits right in anywhere and doesn't broadcast to the world my financial status.
Excellent advice. I'm not in the US but it all applies where I live too. What others don't know won't hurt you, and the less noticeable you are, the less vulnerable.
I’m always surprised when companies ask for the last 4 digits of my social security number, when I know I’ve never provided it in the first place. It’s creepy that companies gather this info without consent.
When companies need to confirm my address for security I leave off the zip code. They say they need it, I ask why a zip code 16K people have is a security issue.
@@clbcl5 fair point
We in our neighborhood share money information because we help each other. I got my neighbor out of a 58 mortgage at 8% to a 30 year @3% !! We live in a metro area. I fund rural areas are mire backwards about divulging information..usually it costs them a ton of money.They end up paying a financial adviser 1.2. annually for instead of a flat fee for example.
A major grocery chain asked me to provide my SS# at checkout. I challenged it and they called the manager over who said it was their new policy. I said, great, so I guess you can put these away I will shop elsewhere because you are not getting that information. It's illegal here to demand it. They never asked me for it again.
I have 3 different houses. No one knows where I live or if I'm actually staying in a hotel in a different city .nothing with my identifying info..birth certificate..marriage license..check blanks..all kept off site locked storage
PbatesLTD has the most potential to do more than X10. ETH and BTC will most likely do a X5-X6, but that's fine for me. Gotta look for better entry points while I stake IRIS and PGEN, then wait for Polygen's next raise as I also look at their new partnership
Why are you spamming here?
Great point about political views. I’m amazed when I see a business express a political view. Every time I see that, I say they just cut their potential market in half. I always try to make a purchase decision based upon the value of the service but if they make their political position obvious, and it is counter to mine, it is a reason to look for an alternative.
Presumedly stupid games/survey-like questions asked by friends on Facebook are a great example of information we should never give up/out!. And... why I rarely ever go onto Facebook anymore.
Yes stupid games/survey-like questions posts on FB are data gathering!🤬🤬 I have made several post on FB about that but they still do it!😲 so when I see one I put a Laughing emoji on it!🤣🤣
Facebook in general is a hacker nightmare and I got off that platform years ago.
What's facebook?
Use a fake profile.
@@bigbrother9531 You have to give them a phone number now!🤬
After I turned 65, I started getting visits to my home, I live out in the country. One fellow pulled halfway up my driveway, my son and were working on his car, this guy knows my name, my address and my age already! I was very rude to him, asked where he got my information and told him I valued my privacy. I also mentioned he could have easily been shot.
Unbelievable.... I am so sorry...these are scary times...
". I also mentioned he could have easily been shot."----DANGER, DANGER = this is 2024 and any such response can be taken as a theorist threat and you might sink your own ship.
Geoff, generally good advice. I can't tell you how often over the decades that I've been asked for my social security number. The very most annoying episode was when I applied for a library card in Vermont and the library asked for my SSN. I refused. And the library refused to give me a library card!
Make up a number. I bet they never use it/ check
Do they ask this of undocumented immigrants?
@@C2yourself they're illegals
Just make up a number for a use like that.
@@C2yourselfyou mean illegal aliens? Nope, they get an ID card thats just as good
Excellent advice.
Which brings me to shopping for a Financial Planner.
A while ago, I asked the person who wished to handle my money, about his money.
How much do you have? Etc.
We often blindly pass out every detail to a stranger (a financial planner) about every aspect of our lives.
I have yet one to volunteer that information. You’re handing over your money to a virtual stranger to invest. You’re hiring them. But they interview you and hardly provide any information as to them.
Just saying.....
Great point and when I want to invest they tell me I didn’t have enough as they only work for the rich.
Be very careful when choosing a 'financial planner' - do a background check and specifically ask if they have ever declared bankruptcy or have had any charges laid against them for untoward financial activities. I know of a 'financial planner' who has specialty in dealing with seniors - and who 'borrowed' half a million from an elderly relative under the guise of investing this money - then declared personal bankruptcy when the relative called in the loan. So the elderly relative lost their money PLUS lawyer's fees trying to get their money back. That financial planner also had their investor's license temporarily suspended in our jurisdiction!
We’re not rich, but we are comfortable retired seniors living right in the middle of Los Angeles.
We actually follow many of the suggestions on the video on another channel talking about “stealth wealth.”
We wear what I call “Cosco grunge.” You can see most people in Cosco dress grungy so as not to attract unwanted attention.
That video is very informative.
That's a good idea.... thanks... love Costco
Beware of places or people that "only" want the last four digits of your ssn. Given that it is pretty easy to find what State a person was born in. In most cases that will be the State you got you SSN assigned. The first three number of you SSN correspond to the place the number was issued. Now all they have to do is figure out the middle two numbers.
Nupe! They'll never guess mine. I was born in one state, got my SS number in another and now live in a third!
Ok, let's see if you can guess: the last 4 of me SS is 1091. Go ahead and guess!😅
@@tomfields3682did the OP not say in most cases.
@@tomfields3682Your address history and age are readily available online, so not difficult to find out where you turned 16 or 18, or if younger and assigned SS at birth, not hard to find out where your parents lived and when. I'm assuming Tom Fields is not your name, and the last four of your social are made up.
@@tomfields3682😂😂
Re questions like favorite pet, birth city, etc. when required I have the same answer for those questions and it has nothing to do with the question. Let’s say my default answer is bubble and the quest is my mothers maiden name, I enter bubble. In fact I would do that for all questions no matter what the platform asking the question. Easy to remember and totally unrelated to the question.
Very smart Dan.
Absolutely brilliant
I love how everyone “knows” not to give out SS#. It really helped with all the decades Medicare used it for our ID. 🤦♀️. Thank you so much for this eye-opening reminder!
Do they still do that? Thats so crazy! I forgot that!
Re: Passwords
A TH-camr was doing an interview with a college student about passwords. She mentioned that her password was the name of her cat plus her year of birth. Within five minutes, he was able to get her to give him both. And she really did not recognize wha she had done since the guy was a polished interviewer.
Geoff, I consider you to be someone who can be trusted to impart good info. I once was robbed by a bank insider so I will NEVER put any financial information on my computer or online. In that instance I had to threaten to shut down a national huge bank; eventually they bowed to federal pressure I brought and gave back the $10,000. it makes life a little more difficult but I won't be robbed again. Thanks for the good info.
Huh? What happened?
If you robed a bank , would they settle for it's return ?
If only your question made sense but I guess that is asking too much. ps, learn to spell@@jeffreyrudolph5061
why would you pat them $10,000 if the bank insider robbed YOU? Your story as written doesn't make sense Anthony.
Oh editor of my posts.@@SophiaCambria I was told my transfer was going through. I told them no transfer. They stole the money. you ok now?
Medical and dental offices are some of the worst for asking for excessive personal information - particularly on patient questionnaires.
Don't put info on social media that you are traveling, use a key for 2fA, never use bio info (fingerprint, eye scan, picture, voice) for any reason
Agreed
Thanks for covering these key points. I subscribed and as a retiree I can admit I need to keep up with the latest concerns to protect myself.
One of the best presented, common sense presentations I've ever seen.
Just subscribed. Will catch up with your past videos and looking forward to new education and information. Thank you!
This is an important discussion. I'm glad you brought it up.
Just a note - in NZ and Aus we don't vote for the Prime Minister directly. The leader of the party that forms the government (usually a coalition) is automatically Prime Minister, but if he or she proves unsatisfactory the party can replace him or her without any involvement of the public.
Personally, the idea of an executive presidency strikes me as a liability - it's a gamble giving that much power to one person.
Our president doesn’t have that much power. If he doesn’t have the majority in Congress he can’t effect much change.
I've had three people at my JOB try to wiggle their way into my money. One flat out begged me to will it to him. Another said she needed an investment partner, and 10k, and the other said she would see that my dogs got a good home, if I died, if she was in my will for 50K, minimum. Good luck!
How long do you think you would stay alive after the colleagues are benefactors in your will?
? TA is all well and good but I find it truly baffling that all major stocks you tubers just look at pure TA and completely Ignore the bigger narrative of why stock Is pumping and why the future outlook might not be as rosy as it seems. Alot has changed and that's about it, but the truth is that I don't even care much about the bull or bear market anymore because PbatesLTD covered me while I'm doing comfortable. 2.3 BTC per month
*while I'm doing comfortably.
I am retiring also , my last day is December 29th , I am 62 , and I can not wait , I have also applied for my social security , yeahhh.
Congrats! retired 5 years ago and it's the best thing that ever happened to me!
Good luck!
I retired in June this year at 62. What a feeling when that check started hitting the bank and I got to do what I want and when I want!! Have fun!!
Retired in 2017 at 57. The change has been extremely difficult to adjust to. It’s hard to go from overdrive into neutral just because a date changed on a calendar. Good luck to all making the transition.
@@williewonka6694 Thank you men 🙏🏾
@@Mexicobeanpole Thank you men 🙏🏾
This is extremely valuable information. Thanks for caring and sharing it. Excellent channel.
Great video, Jeff!
I must've missed the part at the end where u described how to lock and unlock our credit reports. I froze ours
Regarding giving out your social security number - medical practices and hospitals always ask. They have no legal right to them. All they need is your insurance information.
But some hospitals won’t let you set up an online portal to lookup your medical records without the ss #.
They are not legally entitled to it. I tell everyone I know not to fill it in. I think they think they can attach your earnings if they don’t get paid. It enrages me to see that question on every medical form I fill in. They shouldn’t even have that on their forms. People think they have no option but to fill it in and they generally trust medical institutions. (I’m an RN LOL)
Our insurance uses our ss for our accounts.
@@Hopadopperartist
This is baaaaddd .... dangerous!
I rented a new apartment once and the landlady asked me for a credit card number. I politely said it was all packed up and sealed. She shut up.
Trust no one.
Very sound, thank you!😊
Great video, thanks. Information is power, don’t give it out unless really necessary. Drive an old car for everyday use, avoid displaying your wealth.
Regrets are something that humans should not have in life because everything happens due to lack of information and that is why I am posting this here so that whoever sees it does not fall into the trap of regrets in the future. It is more advisable, as an employee, you should cultivate yourself by working and making investments as supporting income, so that you can stand on your own, but no employer will let you know so that you can be under them forever. People like Warren never worked for anyone that long to make him who he is today, instead they invested more in companies to manage their activities and earn a profitable return on investment.
People will lose jobs, However the salaries will be disbursed to individual entrepreneurs who like to make videos for companies and individuals. For example, there are plenty of people I know who own small businesses, and do video ads that would never sit down and learn a video software program, even if prompting seems quite simple. Most people are not interested in doing that themselves. People will still get paid to do this type of work. It’ll just be more of an entrepreneur based industry instead of a 9 to 5. I think it’s amazing and I hope most industries end up that way thru Ai.
That's nice prediction on Ai it take from one side and give on the other side. With the ongoing preparation of election, and situation of the country crisis with most people losing their jobs to Ai and the government not paying attention to that but having full concentration on wars and election. The honest truth here is the for one to survive all this going on one have to have multiple income source and investment, the market will be Manipulative and investor would really need the help of a financial Advisor to give a good portfolio under this manipulation.
Tesla FSD is one of the most advanced AI systems being developed. Its the only 100% neural network self driving solution. And they are the only company with enough scale to train it. There will be a chat GPT like moment with Tesla FSD! Sooner then many think
Instead of trying to predict whether or not we’re going into more recession and keep losing your money, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every quarter according to Linda Sue Baier.
Interesting, I curiously searched her full name on my web browser and I came across her site thankfully. She looks impeccable.
Great recommendations Jeff. Thank you.
Excellent advice! Very practical and useful. Thank you sir!
I'm a constantly asked about my income from the company that issued my credit card. They say it's "to better serve you." My electricity supplier also wants my annual income. They won't say why but I read an article indicating that they plan to raise rates on higher wage earners in order to lower rates for low-income clients. I've refused to answer numerous times, but they are not deterred.
Give them a low number
Regarding your home address, advice from someone who formerly worked at an airline. There is no good reason to put your address on your baggage tag when flying. Your cell and home phone numbers are more than sufficient for them to find you along with their baggage tag particularly after you make a claim if a bag does not arrive with your flight. As an aside, do not leave the airport without making such a claim first. I worked at a resort destination and often bags would come in with addresses and no phone number, guess what you aren't home. There have been cases of baggage handlers recording home addresses of outbound travelers and selling them to thieves who now know you likely aren't home.
Great advice...never thought of this. Thank you.
If going on a trip I do bury a sheet with my hotel info in the suitcase just in case. @@dking1362
Great advice ! Thank you for sharing! 👍😎💯🌞
Great info, thanks Jeff!
I like to keep a small "in case the market crashes" fund to try and take advantage of the low prices. When the market goes south, I use that money spread out over the following months buying my targeted stocks on low days. on top of my usual DCA, They keep dropping and I keep buying. I'm still in on Renewable Energy, EV, Tech, Health.coins too gotta be greedy when others are fearful. At this point I'm grateful for my FA Pbatesltd . Already with a 7 figure portfolio but I have no doubt investing more.
me 2.....i love sales
I am stocks.
STOP SPAMMING THIS SITE!!!!!!!!!!!!!!!!!!!!!
Great advice!
Excellent! No political views since the USA is so divided in terms of political views. I am a retired professor, living in Alaska, an environmentalist, a gun owner, drives a Subaru, and an avid hunter. Difficult to guess my political views.
True.
You are a trumper
My guess is you haven't had a home in either major political party in quite some time.
@@vincitquesevincit You are correct! I am an independent voter.
@@RetrieverTrainingAlone good. Both of the major parties are extremely flawed. To help fix this they need to remove party line voting options in all states. After all we elect people, not parties.
Excellent advise!
Happy holidays from all the Schmidts surrounding me in Germany. I enjoy your informations and thank you very much.
Geoff, great presentation as always! You might want to tell your subscribers if they don't want to give out their SSN, they can get (for free) an employer Identification number for free from the IRS.
Good point!
And I assume it’s linked to your SSN at the Federal level, so those using it can check out your credit history? And you don’t have to actually have a business?
That would just be another number you have to remember and write down somewhere.
Omfg! Pbatesltd turned out to be a bloody smart move. I love love love this. I’m the wrong side of 40 so I’m taking this all on board IMMEDIATELY- thank you! Even if I run out of time my kids will benefit from this incredible education. Thankyou thankyou thankyou!!
Actually you're on the "good" side of 40, otherwise you'd be dead.
Depending on where and by whom your kids got educated - your biggest potential is right there.
One more thing with phone numbers - Similar to your suggestion with emails, use an old number when ordering stuff (off Amazon or other) and for anything on the web you consider a low priority site, or even at a store if they say its needed for warranty purposes or similar. I've NEVER had a retailer call me in 20+ years of being online, they always contact me by email. I do know they sell your phone number to marketing firms who'll put you on their spam calling lists. My real number only goes to family, close friends, medical providers, and others of similar importance.
Or get a free Google number and use that. Provide false data when you sign up for one though 😉
When I'm required to give a phone number, I always give my old land-line number. When info such as birthday, etc are not legally required to be correct, I change all of it.
So Wise , Thank You.
Excellent video !
Years ago I started using the same line every time someone approached me outside a Business and wanted information or to conduct a " Poll" and it stopped them dead in their tracks every single time without fail : " I am a functioning illiterate " the more you say this the better your delivery becomes , I found it incredibly easy to do from Day one , because I literally came up with it spontaneously , just completely dead pan delivery and was amazed at the stunned look that I received and I just walked off as they where now completely silent , the rehearsed sales pitch just stopped on the spot !
Admittedly, that’s pretty good.
I say " Sorry I don't speak English" Once in Mexico I said " No hablo Espanol".
That makes no sense. As long as you can speak, you can answer questions. _They_ do the writing. What's so clever?
Ah so you understand, you just don't realise you understand.@@aspensulphate
😂😂that's funny!! My husband is a function illiterate. How about "I am a functioning alcoholic?" Just as true and just as funny!!!
At the veterinarian's office I pulled out my debit card to run through the machine when the girl asked does your card number end in 1234. I looked at the back and answered yes. She mashed a button then said your bill is paid. That was disturbing and eye-opening about electronic transactions. I drove to the bank and got a replacement card. Now I use the Vanilla Visa cards or cash.
Great suggestions in this video. Will implement several of them.
Who gave the Vet the Credit Card Info?
Great well thought out advice. Thanks!
And yes - sometimes CPAs can be very useful. As long as you pay them in time lol lol
Thank you for an informative video. As a result, I became your new subscriber. All the Best! 🙏🏼🙏🏼🙏🏼❤️💐
I think the retirement crisis will get even worse. A lot of people can’t save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, a lot won’t have a house to retire with either.
Things are a bit strange right now. Inflation is making the dollar weaker for buying things like basic needs, but it's getting stronger against other stuff. So, stuff like stocks, houses and precious metals aren't doing so great because folks are putting their money into banks for safety but I'm worried about my retirement savings losing value fast.
I believe Opting for an investment advisor is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 45% since Q2.
Market behavior can be complex and unpredictable. Mind if I ask you to recommend this particular coach to whom you have used their services?
Sharon Ann Meny, is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thanks I just googled her now and I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.
Being single fm, had slime for neighbors who watched and possibly gps'd my car. Had stuff stolen out of house n garage when I'd leave. Police refused to evencome to my house to write report.... Paperwork, computer parts stolen etc.
Cameras in your house are a must. They are very cheap and work perfectly.
Thank you sir! Subscribed
As Canadian subscriber, this good info applies everywhere.
In some states your political registration is public. You can literally search someone’s name on a website and get the info. It’s terrifying in these times.
Very true and the social score also public reflects that.
Even worse: you can search a person’s name and find their current and all previous addresses as well as all their family members and their addresses. Seriously terrifying if someone wants to stalk you.
You may as well be honest about it. Like the men at that Boston Tea Party and with General Washington. They BLED for you.
I'm able to see how much people donate and to which party.
Not to me. I am a patriot and support Donald Trump - and I gladly tell you why.
Wow. I am guilty as charged for those habits. I never minded sharing my personal stuff. Tomorrow morning I plan to change all the info online to include You Tube id. It never occurred to me the danger in being open and sharing! Thank you for opening my old eyes!
Well, you're an easy target to be a victim of identity theft. I hope you don't give you Social Security number to everybody because that's all they'll need.
I learned a very easy way to remember a long password. Think up a sentence you will remember like I love yellow flowers and red flowers. Remove the vowels so it becomes lvyllwflwrsndrdflwrs&8976 That way there are no recognizable words in the password which can make passwords easier to hack. In addition the length is extraordinarily long. But, it’s really easy for you to remember.
Right - but any password you can remember has mnemonic value - so it's automatically not very good. There is no good means to memorize a truly random password, and it's harder to crack for that very reason. Further it's quite foolish to use the same password on multiple accounts of any value - so you need dozens of un-memorable random passwords. This correctly suggests the need for a password safe.
@@stevealexander8010 whew. Ok.
Not so easy when you have to remember 20 different passwords.
That seems like a good idea, but I can read paragraphs of words with letters missing or transposed, even without vowels. Please be careful.
Thank you for being there Pbatesltd when I wanted you to..... I was lost in this new world that I was hassled to start with ....you not only guided me along the way but you also showed me the proper way....whatever little I have been able to achieve in life is because of you today ..... I want to thank you for being there and showing me the proper way of doing thing for me you are my best guide as you truly showed me the way to life....once again , I would like to tell you a heartfelt thanks for being there.
Who is this Master Bates? Some kind of scammer?
@@PeterHD-hj6bi Yes. Just report them.
Always Great Great Advice and very informative 👍❤ 👍
and Thank you Sir
I thought this info was really good. I shared the video with my mom and some friends. Thanks!
Up until the late 90s, the FAA used one’s Social Security number as their pilot certificate number. I got my flight instructor rating in the mid 90s and then wrote my social security number in students logbooks every time I signed off on a lesson or wrote an endorsement until the FAA changed that policy and issued a new number to each pilot. Makes me nervous!
The military did the same. I have a duffel bag with my SSN printed on the outside on it that I'm afraid to throw it out. I also can't display any of my military awards or promotion warrants because they all have my SSN on it.
@eq2092 some even had their SS# printed on checks.
Now that I think of it, I’m pretty sure when I was in college in the 80s, we were to write our SSN on tests and assignments. It might have even been used as our student ID.
@@user-yj3ob9kd3l yup it's on every single one of my paystubs. It's also on my dog tags, and every time I went out on a patrol or onboard a helicopter we had to put our names and SSN on a list and give it to the commander on duty.
My pilot certificate was issued back in 1954. The number is not my SSN, When did they start using SSNs?
I totally agree with you on at least those three email address. I will add the one just for family and friends should never be put online for anything.
Mistake. Family and friends are humans - with all their weaknesses and they make errors copying others in. Isolate your Credit Cards and Financials like Bank from all the others.
Good stuff!
Excellent Advice! Thank you,
I really like this video. Thanks.
You bet
Good solid advice. I like your calm manner of delivery!
You didn't mention: Never keep your Social Security card in your wallet. I had a friend (passed away) back in 1989 who did that. I was shocked! It still astounds me that a smart guy would ever consider that a good idea.
The best! Thank you
Hello again Jeff, 2 step verification is required whenever I bank. But they have upped their criteria, the answers to questions are unique to only me and are stored in my safe.
Thanks for an informative video. Although I have been practicing most of the information that you provided, I am humble enough to always learn something new. !!!
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l’m amazed to partake on this, lt has rekindled the fire to my goals.
Wise advice. Thanks!
Another thing to be careful of is getting in that new car and getting jumped on your driveway AFTER shopping at the mall or even grocery store these days
Much of this makes sense from a social engineering standpoint. As does the boxing analogy, “protect yourself at all times.”
Social engineering? The philosophies of Lock Smith's are actually closer.
Thank you! Very smart video is what you do, and this is one of the most valuable to me! Thank you again!
Thank you, Sir!
Good review
Thank you!