Watch Out for Scam Artists Trying to Get Your New Economic Stimulus Payments

There are nearly 55 million retirees that could fall prey to scam artists. Under the American Recovery & Reinvestment Act signed into law on February 17, 2009 by President Obama, recipients of Supplemental Income, Social Security Disability Insurance, Veterans pension, Railroad Retirement, or State retirement will get a one-time payment of $250.

Personal information is not required to be divulged in order to receive the payment. If you get a call asking for your personal information such as your social security number or bank account number reciprocate the inquiry by asking the caller for their information and/or for a phone number at which you can return their call. Those entitled are expected to receive their payments by late May 2009. No action is required on the part of a potential recipient to receive the payment.

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