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Old 02-21-2017, 12:51 PM
 
7,801 posts, read 4,391,333 times
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You have to do it through our retirement system. If they're shysters, we're all out of luck!
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Old 02-21-2017, 01:45 PM
 
Location: CT
3,461 posts, read 1,856,473 times
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Quote:
Originally Posted by otterhere View Post
You have to do it through our retirement system. If they're shysters, we're all out of luck!
Hey, if you have nothing to lose, look into it.
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Old 02-21-2017, 01:46 PM
 
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I don't need -- or want -- it, but I will just to satisfy my (and your) curiosity. Will report back.
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Old 02-21-2017, 01:55 PM
 
Location: Bay Area California
711 posts, read 442,904 times
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What type of "business" does she claim to have?

I know in California LLCs and Corporations must register with the Secretary of State. If you're curious, there is probably a similar requirement in your state. You can check the Secretary of State website and do a search for the LLC name. My guess is she is not an LLC, not collecting regular social security and is conducting some type of scam.
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Old 02-21-2017, 02:17 PM
 
Location: Eastern Washington
14,242 posts, read 44,919,845 times
Reputation: 12828
Quote:
Originally Posted by LoriNJ View Post
Only 2 options:

(1) She is lying.
(2) She is collecting SSDI.
Or maybe
(3) She's toking up on Medical Marijuana?
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Old 02-21-2017, 04:02 PM
 
7,801 posts, read 4,391,333 times
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It's a sort of "personal service" business. No, not prostitution.
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Old 02-21-2017, 04:40 PM
 
Location: NC
6,561 posts, read 7,981,951 times
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I faintly remember reading of a situation like this for private annuities. It is all somewhat vague but the gist was that an investor would "buy" your annuity rights from you, giving you money in advance but then you had to turn over all of your future life time annuity payments to him. He would essentially be betting that you would live past a certain "break even" date and he would make the money on that deal. The equivalent in this case might be that the investor would pay you early, then you would pay him back out of the SS your get. Sort of like a loan, but you can bet not in your favor.
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Old 02-21-2017, 04:41 PM
 
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SS will give you money for THAT?
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Old 02-21-2017, 06:19 PM
 
Location: RVA
2,167 posts, read 1,266,787 times
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No, the shyster company gives you money, and you are required to sign over your SS checks when you get them. Like a payday loan advance, or a legal contract or you have to buy them out. I've read of lottery winners doing that, but not ever SS. Never a smart move by any stretch.
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Old 02-21-2017, 07:23 PM
 
12 posts, read 9,812 times
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Quote:
Originally Posted by luv4horses View Post
I faintly remember reading of a situation like this for private annuities. It is all somewhat vague but the gist was that an investor would "buy" your annuity rights from you, giving you money in advance but then you had to turn over all of your future life time annuity payments to him. He would essentially be betting that you would live past a certain "break even" date and he would make the money on that deal. The equivalent in this case might be that the investor would pay you early, then you would pay him back out of the SS your get. Sort of like a loan, but you can bet not in your favor.
They will also buy your life insurance policy you no longer want and the sicker you are the more they will pay.
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