7 Things a Retiree Should NEVER Disclose

Hi All. For those who are looking to lock their credit report - see the description on where to go.

Biggest lesson i learnt in 2023 in the stock market is that nobody knows what is going to happen next, so practice some humility and low a strategy with a long term edge.

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.

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.

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.

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 🙂

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.

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.

Those making negative comments , you’ve never been a victim of identity theft. It’s traumatic and can ruin your future saving or retirement.

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

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.

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

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.

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 👍🏼

I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Walter James Henry

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.

My father is an old Iowan. I was raised NEVER to discuss finances. It's just not done. Good video, good advice.

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.

? 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

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.