Charleston Chapter – MOAA Charleston Chapter – MOAA
Charleston Chapter – MOAA Charleston Chapter – MOAA
Charleston Chapter – MOAA


Recent News:
(Published in last 30 days)


Charleston Chapter – MOAA
Date Posted:11/15/18
This Story Expires on: 01/31/19
New bill would ease GI Bill transfer rules for vets, military families, like never before

Date Posted:11/15/18
This Story Expires on: 12/30/18
New HBO documentary puts a much needed face to complex veteran struggles with PTSD

Date Posted:11/15/18
This Story Expires on: 12/31/18
Everything You Need To Know About Tricare Open Season

Date Posted:11/05/18
This Story Expires on: 12/25/18
Overseas Holiday Mail

Date Posted:10/09/18
This Story Expires on: 11/30/18
Second Lady Pence: Spouses Are ‘Backbone of Military Readiness’

Date Posted:10/09/18
This Story Expires on: 11/30/18
Free flu shots for enrolled Veterans at Walgreens

Date Posted:10/09/18
This Story Expires on: 12/31/18
TRICARE Dental Plan Changes Soon

Date Posted:10/06/18
This Story Expires on: 12/15/18
State Veterans Benefit

Date Posted:10/03/18
This Story Expires on: 11/30/18
The Yeoman (F) Program and the Legacy of Women Veterans

Date Posted:10/03/18
This Story Expires on: 12/31/18
New Military Spouse Technology Program

Date Posted:10/02/18
This Story Expires on: 12/31/18
Veterans and Headaches

Date Posted:09/24/18
This Story Expires on: 12/31/18
How to Respond to a Suicidal Friend

Date Posted:09/24/18
This Story Expires on: 11/30/18
VA Having Problems Implementing Forever GI Bill

Date Posted:09/24/18
This Story Expires on: 11/30/18
VA Renews Assertion on Agent Orange

Date Posted:09/23/18
This Story Expires on: 12/31/18
Signs of Suicide: How to Help

Date Posted:09/23/18
This Story Expires on: 11/30/18
Veterans facing judges to get more courtroom advocates as legal assistance program expands

Date Posted:08/04/18
This Story Expires on: 11/30/18
Senate passes measure to extend commissary, exchange privileges to more veterans

Date Posted:08/03/18
This Story Expires on: 12/31/18
The TRICARE Retiree Dental Plan ends on Dec. 31, 2018

Date Posted:06/07/18
This Story Expires on: 12/31/18
Make Big Financial Decisions With Your Spouse Not Alone

Date Posted:05/31/18
This Story Expires on: 12/31/18
Share Financial Information with Your Spouse Now to Avoid Problems Later

Date Posted:05/05/18
This Story Expires on: 09/30/19
Take the VA's New RAMP to a Faster Appeal Decision

Military Star Card Questions & Answers

US Air Force Museum to Mark 75th Anniversary of Japan Raid

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Scam Alert: Top Five Veteran Swindles

Aside from elderly fraud, scams targeting veterans really burns my bacon. Men and women who have proudly served our country are constant targets for scam artists.

Swindlers target vets because they know they are drawing guaranteed benefits. While veteran payments are paid over a lifetime, they often aren’t enough to pay all of the bills. Financial predators know this.

According the the AARP Fraud Watch Network, there are a host of scams aimed at vets. Many of these operations masquerade as charities that claim to benefit vets. Here are the major scams:

Bogus sales – “A scammer claiming to be a deploying service member posts a large ticket item on a classified ad website that he needs to sell right away and at a steep discount. The scammer asks for upfront payment with a wire transfer or gift cards.

Real estate rip-off – A scammer posts a fake rental property on a classified ad website offering military discounts. You just need to wire transfer a security deposit to the landlord.

VA phishing – A caller claiming to be from the Department of Veterans Affairs calls to “update” your information.

Fake charities – Fake charities use names that are close to the names of legitimate charities, often referencing Armed Forces, veterans, or military families.

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Benefits “buyout” – Scammers will target veterans in need of money by offering cash in exchange for their future disability or pension payments. These buyouts are typically a fraction of the value of the benefit.

Dubious investment advice – An “adviser” will tell the veteran she is missing out on benefits, and wants to review her investment portfolio. He’ll then want to put the veteran’s investments in a trust, to appear to have fewer assets and to therefore be eligible for an additional pension.”

Note: The “benefits buyout” scam also goes by the name of “pension advances.” A company will offer to “buy” monthly pension payments in exchange for a lump-sum payment. It’s actually an unregulated, high-interest loan.

I’ve written about pension advances several times. Don’t even go near them.

The best way to protect yourself against vet scams? Avoid all mail, email and phone solicitations. If the solicitor claims to be from a charity, check them out on give.org.

The Fraud Watch network also gives the following advice:

“Be suspicious anytime you are asked to pay by wire transfer or gift cards. Know that the VA will never call, text or e-mail you to update your information. Make donations directly to the veterans’ organizations you know. And only work with VA-accredited representatives when dealing with VA benefits; you can search for them online at the VA Office of General Counsel website.

 

 By John F. Wasik



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