Sunday, August 14, 2022

What Is My Social Security Number Worth

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How Do I Change The Name On My Social Security Card

My Social Security Number worth money and can pay bills?

There are a couple of ways you can perform a Social Security card name change. The easiest is by making the request online through your My Social Security account. Depending on the state you live in, you might be unable to complete the request online. If you cannot, then you will need to mail in the application for name change with the required documentation or visit your local Social Security office.

You Can Claim Social Security Benefits Earned By Your Ex

Just because you’re divorced doesn’t mean you’ve lost the ability to get a Social Security benefit based on your former spouse’s earnings. You can receive a benefit based on his or her record instead of a benefit based on your own work record if you were married at least 10 years, you are 62 or older, and you are single.

Like a regular spousal benefit, you can get up to 50% of an ex-spouse’s benefit — less if you claim before full retirement age. And the beauty of it is that your ex never needs to know because you apply for the benefit directly through the Social Security Administration. Taking a benefit on your ex-spouse’s record has no effect on his or her benefit or the benefit of your ex’s new spouse. And unlike a regular spousal benefit, if your ex qualifies for benefits but has yet to apply, you can still start collecting Social Security based on the ex’s record, though you must have been divorced for at least two years.

Note: Ex-spouses can also take a survivor benefit if their ex died after the divorce, and, like any survivor benefit, it will be worth up to 100% of what the ex-spouse received. If you remarry after age 60, you are still eligible for the survivor benefit.

A claiming strategy if youre divorced: Exes at full retirement age who were born on January 1, 1954, or earlier can apply to restrict their application to a spousal benefit while letting their own benefit grow.

Social Security For The Disabled

People who are disabled, are dependents of retired or disabled workers, or are surviving spouses/children may also receive benefits. Note that this is supplementary information and that the Social Security Calculator only provides calculations for retirement benefits.

The SSA’s definition of disability refers to total disability, so partial or short-term disabilities are not qualified for benefits. Under the SSA’s rules, a person is disabled only if they meet all of the following conditions:

  • They cannot do work they did before
  • The SSA decides that they cannot adjust to other work because of their medical condition
  • The disability has lasted or is expected to last at least one year or to result in death

Benefits usually continue until beneficiaries are able to work again. Disability beneficiaries that reach full retirement age will have their benefits converted into retirement benefits, with the amount remaining the same. It is against the law to receive both disability and retirement benefits at the same time.

Social Security Disability Insurance

Supplemental Security Income

In some situations, it is possible to receive both SSDI and SSI. This usually happens when a qualified application for SSDI is granted low enough an SSDI benefit to make the applicant also eligible for SSI.

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Beware The Social Security Earnings Test

Bringing in too much money in earned income can cost you if you continue to work after claiming Social Security benefits early. With what is commonly known as the Social Security earnings test for annual income, you will forfeit $1 in benefits for every $2 you make over the earnings limit, which in 2021 is $18,960. Once you are past full retirement age, the earnings test no longer applies, and you can make as much money as you want with no impact on benefits.

Any Social Security benefits forfeited to the earnings test are not lost forever. At your full retirement age, the Social Security Administration will recalculate your benefits to take into account benefits lost to the test. For example, if you claim benefits at 62 and over the next four years lose one full years worth of benefits to the earnings test, at a full retirement age of 66 your benefits will be recomputed — and increased — as if you had taken benefits three years early, instead of four. That basically means the lifetime reduction in benefits would be 20% rather than 25%.

Your Unknown Birth Certificate Bond Is Worth Billions Of Usd

Social Security Cards Explained

Yes thats right! Worth Billions!!! of USD!!! So why dont you want the money?Because you dont know how TO FILE FOR IT!!! We doLet me explain belowBonds are collateralized by your birth certificate which becomes a negotiable instrument!!!!When your birth certificate was monetized and converted into a UNITED STATES Government Bond shortly after your birth by your Mother, your net worth became unlimited, into the Billions of Dollars without your nor your Mothers and Fathers knowledge.

These birth certificate bonds were collateralized by your birth certificate and your mothers maiden name under an Act of Congress in 1921. Then your birth certificate bond became a negotiable instrument just like any security instrument under UCC Article 3, code of commercial law in which the world trade falls under.

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How Can I Find My Social Security Number Online

You will need to have a My Social Security account to access your SSN online. If you have not already signed up for an account, then you will not be able to get one until you find your number using another method. Knowing your SSN is required to sign up for an account, but once you have the account, you can access it using your user name and password.

What Do I Do If I Dont Remember My Social Security Number

If you cannot remember your Social Security number, the first thing you might be wondering is how to find your Social Security number. The quickest thing to do is find your Social Security card so that you can read your number from it. If you have misplaced or lost your card, then you should check your tax returns, W-2, or bank statements to locate your number. These documents will often contain your number. If you still cannot find it, then head down to your local SSA office to request a replacement card and get access to your number.

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Stay Vigilant To Help Protect Your Personal Information

If your Social Security number and personal information fall into the wrong hands, it could take you months to undo the damage. Monitoring your credit helps prevent the likelihood of this happening. The sooner you catch fraudulent activity, the easier it can be to reverse.

However, if you find that someone is using your SSN, it’s possible to remove the activity from your credit file. Filing reports with the proper authorities can help reverse the impact of someone stealing your personal information.

Diligence with your credit is a round-the-clock effort. Tally1 makes it easier for you to keep track of your credit card accounts and manage your monthly payments with a low-interest line of credit.

1To get the benefits of a Tally line of credit, you must qualify for and accept a Tally line of credit. The APR will be between 7.90% and 29.99% per year and will be based on your credit history. The APR will vary with the market based on the Prime Rate.

Privacy Policy Terms & Conditions Accessibility

4 Late Fee Protection With a Tally line of credit, late fee protection is available on linked credits cards for users who are current on their account, in good standing, and have provided accurate credit card and bank account information.

6The portion of your credit line that can be paid to your cards will be reduced by the amount of the annual fee.

How Can I Check My Social Security Benefits

How Much Are Your Social Security Disability Benefits Worth?

The easiest way to check your benefits is by logging into your My Social Security account online through www.SSA.gov. Once you get logged into your account, you can view benefit statements, benefit estimates, earnings history, and the status of any pending applications. That site should be your go-to for any information related to your Social Security account.

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How Do I See If Someone Is Using My Social Security Number

Unfortunately, there is no way of knowing whether someone has your Social Security number until they use it. Some companies offer dark web monitoring, which tracks your information across areas of the internet typically reserved for criminal activities. Your information often ends up on the dark web if you are the victim of a data breach.

However, even if your information appears on a dark web scan, there’s no way to guarantee that someone has your SSN specifically or that they are using it.

To check to see if someone is using your SSN, consider checking your credit report. You can do this online through AnnualCreditReport.com, the only authorized website for free credit reports. You can also use the Annual Credit Report phone number to request your credit report.

Once you have your credit report, review it to see if anything is out of the ordinary. Carefully confirm your accounts and open lines of credit to make sure all of the information in these sections is legitimate. If not, someone may be fraudulently using your information.

Lastly, you may also want to view your Social Security Statement. This document will show whether someone has begun withdrawing against your Social Security account earnings, which is another tell-tale indicator that someone is using your SSN.

A Brief History Of The Social Security Number

FDRs passage of the Social Security Act of 1935 provided millions of Americans with a new financial safety net in the form of old age, disability, and survivors insurance, as well as supplemental security income for the elderly and disabled. The program is funded through Social Security taxes paid by employees and their employers and is available to individuals once they retire or otherwise become eligible. With the Acts passage, the Social Security Administration needed an efficient means to track each citizens earning records over a lifetime and the social security number was born. Today, social security numbers have been issued to more than 450 million people .

It seems nowadays that everyone asks for your social security number. You put it on bank loans, doctors office paperwork, tax filings, credit card applications, student loan forms, and your drivers license application. Many businesses ask for your SSN because it is a convenient way to identify you in their system. As a result, your social security number can now reveal all kinds of information about you, including places youve lived, your credit history, and maybe even medical conditions.

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How Do I Protect Myself From Social Security Scams

Scammers use phone calls, emails, text messages, and letters to impersonate Social Security personnel and trick people into giving up personal information.

Common tactics include asking for your Social Security number and threatening to cut off Social Security benefits if personal information isnt provided.

Always remember, the Social Security Administration offers free forms and services.

If you suspect that youve been a victim of a Social Security scam or wish to report any attempts, you can call the Office of the Inspector General hotline from 10 a.m. to 4 p.m. ET, Monday through Friday, excluding Federal holidays.

You can also submit a fraud report through the OIG website.

Tip : Keep Your Social Security Card And Number In A Safe Place

It

Anything as important as your Social Security card deserves a home. This could be a lock box or a file folder kept in a secure place. And dont forget, your SSN may appear on important documents. They require a safe place, too.

Dont make the mistake of carrying your Social Security card in your wallet or purse. If you lose these items, or if theyre stolen, youve put your SSN at risk. A thief might consider it quite a bonus to get your Social Security number when they snatch your wallet or purse.

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How Are Social Security Numbers Assigned

The Social Security Administration as of 2008 had issued over 450 million Social Security Numbers. Since then, the US population has grown by nearly ten percent. In 2011 the agency changed the way it issued new numbers using a randomization process. This was to help protect the integrity of the numbers and extend the longevity of the nine-digit SSN nationwide.

Prior to the change, the nine number scheme was divided into three number categories area, group and serial.

The first three digits represent a geographical region of where the application for the card was made.

The second set of two digits has no special geographic or data significance according to the agency. The group numbers were not assigned in consecutive order and are used to break the numbers into blocks of convenient size for processing and control the quantity of numbers assigned to states and regions. The administration began with odd numbers and then used even numbers.

The last four digits run consecutively from 0001 to 9999 within each group assigned, so those who enter a new group first have a lower number.

#DYK that most #SocialSecurity business can be completed online? Really! Here are all the things you can do online:

Social Security

Compare Two Application Ages

Use the following calculation to compare the financial difference between two Social Security retirement benefit application ages. The U.S. Social Security website provides estimated benefit payment amounts of different claim ages.

The term “Social Security” is used in the U.S. to refer to the system that provides monetary assistance to people with inadequate or no income. The term can be better understood by thinking of it as the “financial security of society.” Although they may not go by the same name, there are many similar government systems in place throughout the world. This calculator is specifically intended for U.S. Social Security purposes.

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Tip : Monitor Your Accounts And Be Aware Of New Accounts Being Opened

If someone obtains your SSN, you may find evidence of unlawful use in your bank, credit, or other accounts. Consider setting up alerts with your financial institutions to flag unusual activity, such as withdrawals or purchases over a certain amount. Watch for changes in your credit score. And check your credit reports. Youre entitled to a free credit report every 12 months from each of the three major credit reporting agencies. Go to AnnualCreditReport.com.

How Much Data Is For Sale On The Black Market

How much $ are you exactly worth to the GOV via SSN, Birth Certificate, Bonds Etc. Find out how to..

According to one report, an estimated 145 million American citizens have had some level of a personal data breach resulting in identity theft. In just the last year alone, 16.7 million more individuals became targets of identity theft criminals. Suffice it to say there is a truly stunning amount of personal data available for sale on the black market at any given time.

Compounding the issue is that even pieces of personal identifying data, such as the last four digits of your Social Security card number or just a part of your driver license number, can also fetch a price to the right customer.

The most recent identity theft survey indicates sales of stolen personal data has raked in more than $16.8 billion dollars to date, and that is just in the United States alone.

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To Get A Drivers License

If you have an SSN, many states require that you have to provide it when you apply for a drivers license.

Non-citizens who dont have Social Security numbers are exempt from providing a Social Security number in many situations that normally require it, including getting a drivers license, registering for school, getting private health insurance, or applying for public assistance such as subsidized housing. The government doesnt like to give Social Security numbers to non-citizens who arent authorized to work in the United States. It says that even banks and credit companies usually cant require you to provide a Social Security number if you dont have one.

However, without this number, financial institutions wont be able to run a on you, which could make it difficult, if not impossible, to get a credit card or loan.

When And Why You Need A Social Security Number

Anytime you get hired for a new job, your employer will ask for your Social Security number. Your employers accounting department will use this number to report your income to the Internal Revenue Service and to report your Social Security wages to the Social Security Administration.

Your employer will also use it for state income tax reporting unless your state doesnt have an income tax. Employers who participate in E-Verify, a program to make sure employees can legally work in the United States, also must obtain your Social Security number before you can begin work.

Below are some other common scenarios where youll need to provide your Social Security number.

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What Could Identity Theft Cost You

What it costs you when your identity is sold on black market relates to how that data is destined to be used. For example, a recent report indicated that the average victim of identity theft lost an estimated $1,343 due to misuse of stolen personal data.

But money isnt the only cost to you when your identity gets stolen and misused. Victims of account takeover stated that, in addition to the $290 average cost per incident, they spent an average of 15 hours of their time trying to resolve the case. That is a week of part-time work!

An estimated 40% of identity theft victims reported losing sleep over the theft of personal data. A full 65% stated they felt intense emotions such as anger or rage and 69% felt fearful for their safety. A particularly worrisome 7% stated that they had felt suicidal after being victimized.

More than 15% of victims sold personal items to cover their losses from identity theft. And almost 7% took out a payday loan to cope with identity theft losses.

It is clear from these statistics that identity theft exacts a hefty price from each victim that adds up to far more than just tangible dollars and cents.

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