Social Security Scam

“Expect to receive a scam phone call. It won’t be an illegal scam call. It will be an official scam call from the Social Security Administration itself.’’


The issue? The SSA will offer a check equal to six months of past-due benefits, but Kotlikoff explains, “Going for their ‘deal’ means losing ten months of DRCs (delayed retirement benefits). Your benefit will be lower, forever, by 6.67%.’’  


“I’ve been calling them (SSA) out for a long time; I’ve never been shy. Things like this have to be said, otherwise, nobody gets the point. The biggest scam is calling people before they’re 70 to dangle that big check if they start their benefits right away. You do that and you will set your benefits back for the rest of your life. That is just unbelievable.’’

​https://rethinking65.com/2021/10/29/getting-to-know-economist-laurence-kotlikoff/