“Social Security Catastrophe Plan” Review – Scam or $185,040 Opportunity?
There is a big teaser floating around the internet for what's called the "Social Security Catastrophe Plan", and it's being teased by a man named Robert Ross.
What is the Social Security Catastrophe Plan? Is it a scam? Can you really "boost your retirement savings by an extra $185,040"?
In this review I'll be exposing the "Social Security Catastrophe Plan" for what it really is... which IS NOT WHAT IT SEEMS to be.
The marketing behind all of this is very misleading.
You probably came across the teaser that starts out like this, talking about how in 1960 Congress "tucked away" $1 trillion as an emergency fund... and now you can tap into this income stream...
As the story goes, Congress knew they would run out of Social Security money back in the 1960's and started saving for this "catastrophe"...
They say that Mitch McConnell, Ted Cruz, Warren Buffett, and even Donald Trump collect these payouts.
And the good news: All you have to do is "sign up".
They make it seem like you can easily "enroll" in this plan to begin collecting checks in the mail...
And of course we are told that we "must act today" or else this opportunity may no longer exist.
Warning: Red-Flag Alert!
Judging by the fact that you are reading this review, I'm guessing you probably caught onto all the red-flags.
- Super easy - all you have to do is "enroll"
- Can collect tons of, what basically sounds like, free money
- Limited availability - he claims that there are only 147 spots left "today"
As the saying goes: "if it sounds too good to be true then it probably is."
And the fake testimonials certainly don't make this opportunity look any more legitimate...
After doing a reverse Google image search I was able to find that the photo used above is actually from a stock photo website. While not an exact match, the photo I found below is the same man...
Is this all a scam?
Well, at this point it sure looks like one. But as you will see, it's not really a scam... just an incredibly misleading opportunity--similar to the "American Superpower Checks" and "Mortgage Reimbursement Checks" opportunities that I've reviewed.
*On second thought... I guess you could consider this a scam... but I'll leave that up to you.
What Is The 'Social Security Catastrophe Plan'?
Well... it's not really what you would expect after seeing the teaser that's for sure.
In a nutshell, "Social Security Catastrophe Plan" is just a made-up name that Robert Ross created for marketing purposes. There isn't actually some plan named the "Social Security Catastrophe Plan".
It's all a lure... and the "free report" titled "The Social Security Catastrophe Plan: How To Boost Your Retirement By $185,040 Today" is a lure to get subscribers to pay for his newsletter subscription called Yield Shark.
But I'll get into this more in a second. What I first want to go over is how misleading the teaser for "Social Security Catastrophe Plan" really is and talk more about the opportunity presented here.
NO... You Can't Just "Enroll" In Some Program to Start Collecting Checks
According to StockGumshoe, this "Social Security Catastrophe Plan" is to invest in REITs (Real Estate Investment Trusts), which are companies that own or finance income-producing real estate, whether it be offices, apartment buildings, hotels, infrastructure, and so on--which if you invest in you can earn dividend payments.
In the teaser there are bits and pieces of information that hint at this opportunity being REIT investment... without actually saying it... things like how this catastrophe plan "allows part of the private sector’s income to be paid out to individual citizens INSTEAD of collected by the IRS as taxes".
However, Robert Ross does not tell use which REITs specifically he is recommending... I guess you have to buy into what he is selling to find out.
Now REITs are not bad investments by any means. In fact, REIT's have performed very well over the last 50 years globally... but don't expect to make $185,040.
Could you make $185,040?
Sure... why not? Assuming all goes well and you have a large amount of money to invest...
But the numbers being thrown around here mean nothing.
If I had $10 million to invest I could make make a couple hundred thousand dollars in "checks" on a regular basis without much problem... but that's really not saying much.
As mentioned... the "free" report on how to "enroll" to collect checks from this "Social Security Catastrophe Plan" is free... but you have to subscribe to his paid newsletter to get it.
So is it really free? You can be the judge of this.
The newsletter service Robert Ross is luring us into is called Yield Shark, which is published by Mauldin Economics.
The cost of this newsletter is $199... and you will be signed up for recurring payments the next year if you do not cancel.
They do state that there is a 30-day trial in which you can request a 100% money-back guarantee.
But take note that this isn't a "free trial". You still have to pay the $199 upfront... you just have 30 days to request a refund if you don't like what you get, which I'll go over now...
What You Get as a Subscriber
- Access to the portfolio
- Quick income stream summary
- Special reports
- and The Weekly Profit newsletter
In a nutshell what you are getting is investment advice from Robert Ross and his team. They provide reports on opportunities they are looking into, recommend certain investments, provide alerts when you need to sell, and give you access to the model portfolio which will show you how all the recommended investments are doing.
It's a great layout for providing this type of investment advice and makes it easy for anyone to follow along, but of course there is risk involved and no guarantee that you will make money.
- A "Social Security Catastrophe Plan" doesn't actually exist and is a name made up by Robert Ross for marketing purposes
- The opportunities being teased here are to invest in REITs
- Robert Ross' free report on the "Social Security Catastrophe Plan" is used as a lure to get subscribers to his Yield Shark paid newsletter service, which costs $199
- Yield Shark provides investment advice so that anyone can follow along with Robert Ross' recommendations
Conclusion - Misleading Hype
Unfortunately this type of misleading and deceptive sales-pitch is becoming more commonly seen when it comes to financial newsletter services. While there is some truth to the teaser, there are many things that are carefully left out to give us the impression that some incredibly opportunity exists in which you can simply "enroll" to "boost your retirement by $185,040 today".
If you buy into it believing what you are told you will almost certainly be disappointed.
I hope this review gave you some good insight into what this is all about so that you can make a better decision for yourself.
Please leave any comments/questions below. I like to hear back from my readers 🙂
PS: Take a few minutes to look at the program I've been using to generate income online. It has nothing to do with investing, but it might be something you'd be interested in.