Social Security Beneficiaries Lost $45 Million to Scams Last Year. Here's How to Avoid Them

Maurie Backman, The Motley Fool
·3 min read
Social Security Beneficiaries Lost $45 Million to Scams Last Year. Here's How to Avoid Them

Millions of seniors rely on their Social Security benefits to cover their senior living costs, so hearing that those benefits may be withheld is reason enough to get scared. In some cases, you might get a phone call stating that your upcoming Social Security payments will be delayed or held back if you don't provide your bank account details as soon as possible. Or you may be told that you owe the Social Security Administration (SSA) money and the only way to unlock your benefits is to wire funds to a specific account.