Did the Authorities Steal Your Cash? Gary Silverman column

We started last week with a refresher on the three biggest misconceptions I’ve made about social security – pension benefits in particular. Here is a summary of the first two:

Misconception # 1: “The money I put into social security is my money.” Not true … Your social security taxes are a tax that is primarily used to fund current retirees … they become dependent on taxes be that your grandchildren pay.

Misconception # 2: “The social security system is running out of money.” That is not true, but it is no longer possible to pay what was promised in full, and that is not a good thing. But as long as they keep taxing us, there will be money for some measure of benefit.

Misconception # 3 remains: “The government stole all (or most of) the money in the Social Security Trust Fund, which is why the system goes bankrupt.”

Reality: Okay, let’s answer that with a scenario. Let’s say you deposited money in your bank and bought a five year CD. What do you think the bank is doing with your money? It doesn’t put it in their vault to sit and collect dust.

If they did, they’d have to charge you for holding instead of paying you interest. No, they take your money and lend it to people who buy cars, buy houses, start a business, or for a myriad of other uses. These borrowers pay the bank interest, and so as a depositor, you earn some interest.

If you read “They’re taking your money,” you didn’t think they stole it. This is the agreement you make when you do business with a bank: you can use it and pay you interest in return. However, in very similar transactions with the Social Security Trust Fund, the “bank”, in this case the government, is accused of stealing the money.

Here’s what really happens when it comes to social security. The trust fund contains money. As stewards of the money, the people who run this thing buy government bonds (I remind you that the world has proven time and time again that US Treasuries are the safest place to invest).

These government bonds pay interest just like a bank CD pays interest. The government then uses the money at its own discretion. When the bond matures, the state will pay back the money borrowed to the trust fund.

Just like the bank, the government didn’t steal the money anywhere in the process.

While I’ve dispelled (or at least cleared) some common myths about Social Security, it should be noted that the system is not designed to pay currently promised benefits.

And these promises don’t have to be kept, according to the Supreme Court. If Congress does nothing, the system can still pay out benefits. However, these benefits must decrease by around 25% (on average).

So this means it is time again to pat Congress on the back and remind them to get down to work. I just hope they’ll listen instead of throwing mud at each other – and getting us dirty in the process.

Gary Silverman, CFP®, is the founder of Personal Money Planning, LLC, a Wichita Falls retirement planning and investment management firm, and the author of Real World Investing.

Baby Tax Credit score scams: IRS warns of thieves making an attempt to steal cash and private data

Less than a week after child tax credit payments began charging American families’ bank accounts, the IRS is already warning of potential thieves trying to steal the money.

The agency said there are several tactics scammers use over the phone, email, text message and social media to gain access to recipients’ personal information.

Families should know that any communication offering help with filing for child tax deduction or expediting monthly payments is likely to be a scam.

If you receive unwanted calls or messages, do not provide any personal information, click links, or open attachments.

This could lead to loss of money, tax fraud, identity theft and, since you would have to deal with it, a major headache.

While scammers are trying to get more innovative (imagine putting that energy into something productive!) There are still easy ways to find out if the IRS is really trying to contact you.

  • The IRS does not contact taxpayers via email, text message, or social media channels to request personal or financial information, including information related to child tax credit.
  • The IRS does not leave any pre-recorded, urgent, or threatening messages. Aggressive calls warning taxpayers of lawsuit or arrest are fake.
  • The IRS will not call taxpayers and ask them to provide or verify financial information so they can receive monthly child tax credit payments.
  • The IRS does not request payment by gift card, wire transfer, or cryptocurrency.

RELATED: Child Tax Credit Update Portal | Internal Revenue Service

If you are eligible for child tax credit prepayment, the IRS will use information from your 2020 or 2019 tax return to automatically register you for prepayments. That means you don’t have to take any additional action.

However, taxpayers who are not required to file a tax return or have not provided their information to the IRS can contact this page on the agency’s website to provide basic information for child tax deduction.

You can also report suspicious phishing and online fraud to the IRS.

The first payment of the extended child tax credit was made on July 15. Payments are made on the 15th of each month, provided that this does not fall on a weekend or a public holiday.

The amount of money you receive depends on your household income and the size of your family.

Use the calculator below to find out how much you can get under the new child tax credit. Your data will not be saved in any way.

Calculator is not displayed correctly? Click here to view in a new window.

The video above is a previous review that explains what you need to know about tax credit.

Copyright © 2021 KTRK-TV. All rights reserved.

Brad Pitt’s flawless appears in tonal colors tempt males to steal his model ebook | Vogue Developments

Calming, safe, and warm tone colors are the hottest color trends of 2021 indicating a preference for cozier hues, and Hollywood star Brad Pitt reiterated our claim with his latest fashion looks that entice men to take a page out of his style book steal. Brad shot up our crush on the terrace of Suite 64 at the Chateau Marmont in Hollywood with his relaxed self-confidence and elegant style, and drove fans into a frenzy when he dropped Fall / Winter 2021 looks in Brioni’s dusty pink suit and black evening wear .

The images and videos that have since flooded the internet show the actor highlighting his perfectly toned body in a sharp and stunning look. One picture showed Brad wearing a dusty pink silk evening shirt combined with similarly colored pants made from sustainable new wool.

Brad paired it with a dusty pink tuxedo jacket and completed his clothes with a pair of brown leather shoes. The American star, who added a chunky bracelet to his look, looked flawless in a formal outfit.

The caption revealed, “The Brioni Fall / Winter 2021 advertising campaign with House Ambassador Brad Pitt. The images were taken on the terrace of Suite 64 at the Chateau Marmont in Hollywood and show items of clothing that reflect the sartorial heritage of the house combined with a contemporary touch. Looks in tonal colors, including evening wear made from sustainable RWS wool, are inspired by Brioni’s traditional tailoring, but also pick up on new and more relaxed styles (sic). “

Another picture and video taken by photographer Mikael Jansson in LA shows Brad putting on a black and white cashmere and silk sweater with a high collar, combined with midnight blue wool trousers.

Brad complemented his look with vintage sunglasses and completed his attire with a pair of black shoes. The video and picture were simply headed “Brad in LA 2020 for Brioni #brioni #bradpitt #mikaeljansson #hollywood #chateaumarmont (sic)”.

Brad Pitt’s ensembles in the two images are attributed to the Rome-based Italian luxury menswear house Brioni, which boasts sartorial ready-to-wear, leather goods, shoes, glasses and fragrances and offers bespoke service.

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Pretend DEA agent tries to steal your cash utilizing reward playing cards in newest cellphone rip-off

Authorities are working to tackle a phone scam where the caller pretends to be a DEA agent and then tries to steal the victim’s money – often by buying gift cards.

Phone fraud in general is on the rise, with the number of reported fraud cases nearly doubling between 2019 and 2020 according to the latest figures from the Federal Trade Commission. In the last year alone, half a million reports were filed, with losses totaling over $ 1 billion.

ABC News has been tracking new scam notifications sent by the FBI, IRS, and DEA in cities across the country including Boston, Houston, San Francisco, and Spokane, Washington itself as officials claim the target has been linked to a crime, and then demand that they pay for it or bring charges.

The Drug Enforcement Administration recently warned of a “widespread fraud program” in which the caller pretends to be a DEA agent in order to extort money.

According to DEA Special Agent James Pokryfke, the scam begins with the potential thief informing the target that their name and social security number were used to rent a vehicle that was later found on the southern US-Mexico border Drugs and money laundering.

“The fake DEA agent will convince people to transfer money in a number of ways. One is to avoid prosecution,” Pokryfke said. That option often involves paying a fine, he said.

The other option is to offer the target a way to secure their money using the risk of a frozen bank account.

When Terri Tuson’s phone rang last July, she was told that her Social Security number had been used to rent a car that was found with drugs in the car in Texas along the border. The scammers told her they would freeze her bank accounts unless she withdrew her money and transferred it to gift cards.

“I was scared because I didn’t know if it was actually going to happen or not,” said Tuson, who works as a housekeeper at an Illinois hospital.

At the time, she had $ 2,800 in her one account. She says she pulled everything back by following the scammer’s instructions and went to a drug store and grocery store where she bought eBay and Best Buy gift cards.

“They told me they would open another account that I could put my money into, send a sheriff to my house and give me all this information so I could get my money back. It never happened,” Tuson said.

ABC News spoke to several other victims of the same scam, whose losses ranged from $ 200 to over $ 450,000.

The DEA raised questions about a possible investigation into this specific fraud to the FBI, which refused to comment on the status of an investigation.

In an audio recording provided by the DEA to ABC News, a scammer is heard doing his best to convince a target that he is a legitimate DEA agent – and even texting a photo of a fake federal badge .

The scammer was unaware that his target had hit a real DEA agent, Pokryfke, who reported the scammer that what he was doing was criminal and the subject of an investigation.

“The DEA will never call you and threaten you with arrest unless you make a payment,” Pokryfke told ABC News. “And they will never ask you to give them money to keep it safe.”

The YouTube star “Pierogi”, a pseudonym used to protect his true identity, gained fame through “scamming the fraudsters”. Videos of his conversations with phone scammers show Pierogi – who has a background in cybersecurity and IT – plays a range of characters, from a widowed grandmother to a college student.

“I talk to scammers on the phone every day and I hear victims receiving gift cards in the background and giving these people their money,” Pierogi told ABC News. He said the helpless feeling of being unable to help the victims brought him to tears.

Pierogi, whose videos have been viewed more than 60 million times since his channel launched in 2019, said the scammers aren’t just targeting the elderly.

“It could be 18 to 85 – they don’t care. If they think they can cheat on you, they will,” he said.

Pierogi said scammers use gift cards as their preferred method of payment because of their very fast processing. “The scammers have Facebook groups where people either tie gift cards or use them as currency,” he said.

FTC deputy director Monica Vaca told ABC News that scammers have financial systems in place to monetize the cards.

“Sometimes they sell them on a secondary market or use them for themselves,” said Vaca. “Once you read these numbers on the gift card [to the scammer]You will be able to access these resources, “she said.

Gift cards were the number one payment method for those who said they had been a victim of DEA scams in the past year, with an average loss of $ 850 per victim, according to the FTC. The FTC said the most popular gift cards requested by scammers are eBay, Google Play, and iTunes cards.

FTC officials said they worked with retailers to post visible signage on gift card sections of stores as part of a public awareness campaign entitled “Hang Up on Gift Card Scams,” warning gift card buyers of possible phone scams should be.

“We hear from consumers that in many cases it is these sellers who step in and prevent them from sending money,” said Vaca when the targets of the fraud are to buy the cards.

Among those taking part in the awareness campaign is Walmart, the world’s largest retailer.

A Walmart spokesperson confirmed to ABC News that warning signs had been posted in Walmart stores in the United States. The company also confirmed that the store’s staff had received training on how to best identify red flags related to potential fraud cases.

ABC News’ Dylan Goetz and Katie Conway contributed to this report.

Copyright © 2021 ABC News Internet Ventures.

Dave Bautista Plans to ‘Steal’ Zack Snyder’s Directing Fashion

Army of the Dead star Dave Bautista says Zack Snyder taught him how to direct on set – and now he’s about to “steal” his style.

Army of the Dead star Dave Bautista said he has long wanted to work with Zack Snyder – and now that he’s done the actor is ready to make his own films in the same vein.

Bautista spoke with JoBlo about filming the zombie movie with Snyder coming out next month on Netflix. Part of the appeal of the role was seeing firsthand how Snyder directs a movie and learning tricks of the trade.

“I’ve wanted to work with him for years and it’s really just that I can steal all of his shit,” said Bautista. “I want to steal his stuff. I want to watch him at work because he’s great. How visually he is a visual master and I wanted to go in and learn from him and steal his stuff. So I could go on and direct my films and Recognition for his work. I’ll steal all of his stuff and my films will look like his films. “

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CONNECTED: Dave Bautista discusses whether he wants a Drax Disney + show

When asked what exactly Bautista took away from the director, the actor explained exactly how Snyder likes to shoot things. “Just a kind of camera trick. And I also liked the fact that he was very – I only know that because I saw that documentary about Spielberg, [who] was one of those who visually looked around and saw something and ran and snapped the camera. He’s going, let’s shoot it. Let’s shoot. And Zack is very similar, “said Bautista.” Because we take it all in with a lot of natural light, mostly natural light. So you just glued in a few light tubes here and there, how very economical, but most of it is all natural light. And so it often just catches things on the fly, which is strange. “

Snyder’s unique approachHowever, this could be a challenge, especially for actors who are used to strict shooting schedules.

“It’s one of those things that our schedule is constantly changing about,” continued Bautista. “But you too want to be flexible because you want to be a part of it at the same time. It can be a little frustrating at times when it comes to schedules. It’s nice to know what you’re doing when you’re doing it. You prepare yourself a little better. So it’s one of those things where we just do a lot of things on the fly, and sometimes, especially when we’re in the desert, the weather changed, the lights changed, or [you] Move on to something else or go back to the next day. It gets a little frustrating at times. “

CONNECTED: Army of the Dead Bautista is ready to play DC’s Lobo

In the end, the actor said it was all worth it as the effort helped Raise the project. “A lot of his focus tricks are really very, very unusual. Really unusual, but lead to a really interesting, interesting look at the characters, but also a really interesting look at the background,” said Bautista. “So, often the background almost becomes one of the characters because of the way he shoots. I mean, it feels like it’s another person who feels alive. So I have little ones here and there Learned tricks. It’s an interesting one – it’s an artistic way of watching a zombie movie. It’s different. “

Directed and co-written by Zack Snyder, Dave Bautista, Garret Dillahunt, Ella Purnell, Omari Hardwick, Raul Castillo, Tig Notaro, Theo Rossi and Ana de la Reguera. The film will be released on Netflix on May 21st.

Source: JoBlo

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Vandals Steal Cash, Shatter Glass of Native Asian Eating places at Mall in Columbia – NBC4 Washington

Local Asian restaurant owners are picking up the pieces after thieves broke into three restaurants, stole money and destroyed property on New Year celebrations, the most important holiday in Chinese culture.

The same group of thieves hit a restaurant called Urban Hot Pot, Kung Fu Tea, and Bonchon.

Zong Chen is the owner of the latter two at the Columbia Mall. He said the past year has been tough for business and he feels that they aimed to be Asian.

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“It’s a shame to be a victim now,” said Chen. “We all have families. We are all just trying to make money and make a living for our families. “

This break-in marks the third time that Chen’s stores have been robbed.

Last summer there was a break in at Kung Fu Tea in Rockville. A few weeks later, the kung fu tea in Laurel was also hit.

“We came to America to find better opportunities and to have better lives,” said Chen.

Asian restaurants attacked: In the early morning of the Lunar New Year, three Asian restaurants in the mall in Columbia were broken into, according to Howard Co Police. Today I spoke to Zong Chen, the owner of Kung Fu Tea & Bonchon. He fears they have been targeted as Asians. Story by 5 / 6p @nbcwashington pic.twitter.com/V9aVMrJrKY

– Aimee Cho (@ AimeeCho4) February 15, 2021

Bonchon and Kung Fu Tea have repaired their damage and are now open for business. For the entire month of February, restaurants plan to donate 10% of their sales to raise awareness of hate crimes against Asian Americans.

Nearly two dozen attacks have been committed in the San Francisco Bay Area in the past few weeks. People threw plants at Asian residents and seniors were knocked to the ground.

Hate crimes against Asian Americans have increased since the coronavirus hit the US last year. Amanda Nguyen, CEO of civil rights group Rise, recently told LX News why “Asian Americans are out to be heard”.

John Yang, the executive director of Asian Americans Advancing Justice, said the organization is tracking hate incidents and has seen more than 3,000 since the pandemic began.

“It scares the Asian-American community really often,” said Yang. “The fact that certain politicians, including the former president, used terms like the China virus and the Wuhan smoke and worse derivatives, really got our community to do so.” a goal to be made. “

No arrests were made in the robberies, but Chen said he hoped to further raise awareness.

“The more we don’t talk about it, the more it will happen,” said Chen.

Scammers are utilizing native enterprise proprietor’s cellphone quantity to steal cash

ROCKFORD, IL (WTVO) – Phone scammers are back – this time using a local business owner’s number to make quick cash. The owner tells us he wants his customers to know the trick.

“My number was just picked, it could happen to anyone,” said Chuck Misuraca, owner of Professional Electrical Services.

A local business owner becomes the next victim of phone fraud, but this time the owner’s number is used for planning.

“They apparently claim they are ComEd and if they don’t call 800 and pay their bill, they’ll turn off the power that day,” Misuraca explained.

Dennis Horton, director of Rockford’s Better Business Bureau, says it is difficult to stop this type of scam.

“There’s not much you can do to prevent this from happening. These are fake phone numbers. The scammers generally don’t even know who the business is, ”Horton said.

But after receiving several calls, Misuraca tried to get to the bottom of it.

“After probably getting eight or ten calls, I decided to call the state police to give me some answers, but they said there was nothing they could do about it,” Misuraca said. “At that point, I decided to change my voice recording to let people know I wasn’t doing this. I feel bad for the people who are being called. “

One possible solution was to change his phone number, but Misuraca says he can’t.

“I didn’t want to do that because my business is based on using my cell phone for my business number and my customers no longer being able to reach me afterwards,” said Misuraca.

Horton says cheating like this is common for the winter time.

“Right now these calls are increasing because it’s winter and no one can do without the heat,” Horton said.