Which approach is NOT recommended for protecting your Social Security number?

Prepare for the Fincert Certified Personal Financial Counselor (CPFC) Exam with flashcards and multiple-choice questions. Each question is complemented by hints and explanations. Get exam-ready today!

Carrying your Social Security card in your wallet is not recommended for protecting your Social Security number because it increases the risk of loss or theft. If your wallet is lost or stolen, your Social Security card can fall into the wrong hands, potentially leading to identity theft. Keeping the card on your person at all times makes it more vulnerable to exposure.

In contrast, the other approaches provide better security for personal information. Storing the card in a safe place, such as a locked drawer or safe, minimizes the chance of it being easily accessed or misused. Only providing your Social Security number when absolutely necessary helps to limit exposure to situations where misuse could occur. Shredding documents that contain your Social Security number prevents unauthorized individuals from accessing sensitive information if the documents are disposed of improperly. Hence, safeguarding your Social Security number is crucial for protecting against identity theft.

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