retirement

What retirees need to know about ID theft

Be on the alert
Next
1 of 9
text

For identity thieves, retirees are ideal targets.

Seniors often have a little money. Many have good credit. And they likely have some free time on their hands.

So it's no big shock that almost 35 percent of those who file identity fraud complaints with the Internet Crime Complaint Center are 50 or older, says Charles Pavelites, FBI supervisory special agent with the center.

"These guys go where the money is," says Pavelites.

But identity theft doesn't only happen online. From fly-by-night "mortgage companies" targeting personal financial information to phone calls from faux relatives, a host of identity scams aim to separate retirees from their personal information and money.

Being aware of the following scams can help safeguard your money and identity.


 

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
MORTGAGE HOME EQUITY AUTO CDs CREDIT CARDS
Product Rate Change Last week
30 year fixed 4.21%  0.05 4.16%
15 year fixed 3.27%  0.02 3.25%
5/1 ARM 3.51%  0.13 3.38%
 
View Rates in your area Next
Product Rate Change Last week
30K FICO-based HELOC 4.29% --0.00 4.29%
50K FICO-based HELOC 4.04% --0.00 4.04%
100K FICO-based HELOC 3.89% --0.00 3.89%
 
View Rates in your area Next
Product Rate Change Last week
60 month used car loan 2.79% --0.00 2.79%
48 month used car loan 2.98% --0.00 2.98%
60 month new car loan 3.24% --0.00 3.24%
 
View Rates in your area Next
Product Rate Change Last week
1 Year CD 0.95% --0.00 0.95%
2 Year CD 1.16%  0.01 1.15%
5 Year CD 1.75%  0.00 1.75%
 
View Rates in your area Next
Product Rate Change Last week
Balance Transfer Cards 15.75%  0.03 15.78%
Cash Back Cards 16.45%  0.03 16.48%
Low Interest Cards 10.96% --0.00 10.96%
 
Next
advertisement
CD & INVESTING NEWSLETTER

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.

Blog

Jennie Phipps

‘Bowzer’ rocks Social Security

Former Sha-Na-Na frontman Jon "Bowzer" Bauman is defending Medicare and Social Security.  ... Read more

advertisement
Partner Center
advertisement

Connect with us