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Identity theft targeting seniors has never been so common, and as the aging adult population continues to increase with the baby boomers reaching retirement age, it is important seniors keep their personal information safe.
According to Investopedia, there are a few tips for seniors to protect themselves, including being careful when giving out personal information. The majority of customer service departments or banks will not ask for an entire social security number, and if they do, a red flag should come up.
The internet tends to be the most common place where seniors find themselves giving out information when they shouldn't. A click to the wrong site can cause a computer virus, and allow thieves to access a person's data. Seniors may also want to appoint a trusting caregiver to look after their finances, as they may able to see a problem before the aging adult does.
According to AARP, there are a number of scams for seniors to be aware of to better protect themselves. The most common include a scammer impersonating a government official in need of money, such as an FBI official saying they needed money to prevent an arrest, or the "work from home" ploy that targets seniors who need a job and are looking to make money while at home.
There are a number of things seniors have to do to protect their finances as they reach retirement, and opting for a Medicare supplement insurance plan may be one of them. This plan allows a senior some peace of mind, as he or she along with their family is financially secure in the event of an unexpected medical condition.