retirement

What retirees need to know about ID theft

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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.


 

 

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