GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.

These brands compensate us to advertise their products in ads across our site.

This compensation may impact how and where products appear on this site.

Senior woman using ATM in the city.

Commitment to Our Readers

GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.

you might read more about oureditorial guidelinesand our products and servicesreview methodology.

Some of those strategies work, and some dont.

facebook sharing button

And far too many people dont have any strategy at all.

Also see what the average Social Security payment will be in 15 years.

Stout suggested the latter.

twitter sharing button

Be prepared for the unexpected when it comes to when your benefits come in, Stout said.

confirm you have budgeted correctly and have enough funds to sustain you until your check arrives.

Therefore, its up to you to validate the accuracy of each and every payment you receive.

linkedin sharing button

double-check to check all bank statements to ensure your monthly distribution amounts are correct, Stout said.

If you notice any discrepancies, be sure to notify the SSA as soon as possible.

No matter the tactic, the endgame is always the same to steal your money or your personal information.

email sharing button

Stout has seen these swindles and their victims firsthand.

More From GOBankingRates

Share This Article:

The Latest inBanking