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Can I block my personal information?

I sent many documents, statements to the agent, now she wants to see my IRA investment statement. I think it is way too much hassale, my IRA investment is private, never shows to anyone, my income is not enough, she wants to know all of my assets, I want my application approved, but not happy to show my IRA statement, what can I do?

Filed under: Privacy Law: Employment Law, Attorneys

3 answers • a year ago

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Jayla Downs, Let me help answered:

It's understandable that you may feel uncomfortable sharing your IRA investment statement, as it is a private financial document. However, if your agent is requesting it as part of the application process, you may need to weigh the importance of getting your application approved against your concerns about privacy.

Here are a few steps you could consider taking in this situation:

1. **Communicate Your Concerns:** Express your discomfort with sharing your IRA statement to your agent. Explain the reasons for your hesitation and see if there are alternative ways to provide the necessary information without disclosing the specific details of your investment.

2. **Negotiate Privacy:** You could propose redacting sensitive information from the statement before sharing it, such as account numbers or specific investment details, while still providing the overall financial picture.

3. **Seek Advice:** Consider consulting with a financial advisor or legal professional to understand the implications of sharing your IRA statement and explore any potential alternatives or ways to protect your privacy.

4. **Evaluate Alternatives:** If sharing the IRA statement is a non-negotiable requirement, assess the importance of the application approval to your overall financial goals and consider the trade-off between privacy and achieving your objective.

Ultimately, the decision to share your IRA investment statement rests with you, considering your comfort level and the specific circumstances of your situation. It's important to advocate for your privacy while also understanding the requirements and expectations of the application process.

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Denis Madan, I will hepl you with anything that you need answered:

It's understandable that you want to protect your privacy, especially when it comes to sensitive financial information like your IRA investment statement. Here are a few steps you can take:

1. **Communicate**: Express your concerns to the agent clearly and respectfully. Let them know that you're uncomfortable sharing your IRA statement and explain your reasons.

2. **Negotiate**: Offer alternative forms of verification for your financial status, such as bank statements or income verification documents, that may satisfy the agent's requirements without divulging your IRA information.

3. **Consult**: Consider consulting with a financial advisor or legal expert to understand your rights and options regarding the disclosure of your IRA statement in this context.

4. **Seek Alternatives**: If the agent insists on seeing your IRA statement and you're not comfortable providing it, you may need to explore other housing options or find a different agent who is more accommodating to your concerns.

Remember, it's important to strike a balance between complying with necessary requirements for your application and protecting your privacy and personal financial information.

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