The Fatal Error You Have to Hear About

Here’s one that will kill you, literally.

Every year, around 14,000 people are mistakenly reported dead by the Social Security Administration. That’s 38 people per day.

With just one wrong entry, funeral parlors, government agencies, hospitals, banks and all kinds of places can immediately begin making arrangements for the end of your administrative/official life.

[ad#Google Adsense 336×280-IA]And when it happens, it is no joke.

The quiet but effective machinery behind the scenes kicks in, and you are shut down; they close your bank accounts, terminate your benefits, everything.

And getting your life back up and running again can take a lot of time and effort.

It has been described as a second full-time job akin to straightening out identity theft.

It seems no one is in any hurry to correct the mistake.

And as with identity theft, when it happens, there’s a very good chance you won’t know about it until it’s way too late.

People are mistakenly reported as “dead” all the time, but until their checks start bouncing or they are refused credit, there’s no way for them to know.

And here’s a story about one guy who really disappeared from the life rolls with a sick twist.

He was a deadbeat dad who left his wife and two little girls years ago. And after numerous attempts by the family to find him, he was presumed dead. He was finally officially pronounced dead 22 years ago.

Then, voila, he reappears.

Now here’s where this one gets nuts.

His two little girls received survivors’ benefits from Social Security to the tune of $47,000 and, because he resurfaced, Social Security wants its money back, plus interest.

And if that isn’t crazy enough, the resurrected father went to court to have his death ruling reversed, the judge said “no,” and he didn’t appeal the decision.

It seems the judge has it in for deadbeat dads, and if you don’t do anything within three years of being declared dead by a court, at least in Ohio where this happened, in the eyes of the law you are really dead.

So if he is dead in the eyes of the law, the question is, do the kids owe the $47,000 to the Social Security Administration?

Good investing,

Steve

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Source: Wealthy Retirement