Protecting Your Rebuilt Nest Egg: ID Theft Basics For Boomers
Content Provided By ProtectMyID.com
If you're a baby boomer, you may be in better financial shape than people in other generations. But you might also feel greater pressure to preserve the wealth you've retained and protect your ability to continue saving for retirement. Identity theft is one of the fastest-growing threats to the financial health of Americans.
Identity theft was the top complaint category for all complaints filed in 2008 with the Federal Trade Commission-maintained Consumer Sentinel Network, which catalogs complaints made to the FTC and numerous other agencies, including the Better Business Bureau, the U.S. Postal Service and the National Fraud Information Center. Nearly 314,000 complaints -- more than a quarter of all complaints -- were related to ID theft, according to the FTC.
The average cost of ID theft is just under $500 per incident, according to research by Javelin Strategy and Research. But for many people, the actual cost can run into the thousands. It makes sense to protect your rebuilt nest egg by taking steps to avoid identity theft.
The FTC recommends a three-pronged approach to avoiding ID theft - deter, detect and defend:
Deterring ID theft
* Always use passwords for credit, bank and other personal accounts, especially if you access them online, and ensure the passwords are not something easy to guess, like your mother's maiden name or the last four digits of your social security number.
* Inquire about security measures in use by businesses with whom you must share your personal information, such as doctor's offices or even your own employer.
* Secure your own personal information by shredding documents with identifying information before you trash them at home or at work. Never share personal information over the phone, through mail or online unless you've initiated the contact and you're confident about whom you're dealing with.
* Don't carry your SSN card with you and share the number only when absolutely necessary. Ask if you can use an alternate type of ID with companies that request your SSN.
Detecting ID theft
* Keep an eye on your credit report for any suspicious activity. Review your report at least once a year; more often if you've previously been a victim of ID theft.
* Watch out for signs your ID has been stolen, such as not receiving expected bills or mail, receiving credit cards you didn't apply for, calls or letters from debt collectors about products or services you didn't buy, or unexpectedly being denied credit or being offered unfavorable terms on a new credit application.
Defend against ID theft
Consider enrolling in an ID protection program that helps monitor your credit report. Programs like ProtectMyID.com can help you secure your rebuilt nest egg by helping you keep an eye on your credit report and activity. The product monitors your credit reports at all three major credit reporting bureaus on a daily basis and sends regular "all clear" e-mail alerts to give you peace of mind that there have been no changes to your credit reports.
If suspicious activity such as unauthorized new accounts, credit applications, address or public records changes or potentially negative information appears on your credit files, the product alerts you quickly. What's more, if your identity is compromised while you're enrolled with ProtectMyID.com, the company will assign you an identity theft resolution professional to act as your advocate and work with creditors to resolve fraud issues. The product is also backed by a $1 million ProtectMyID Product Guarantee.
Visit www.ProtectMyID.com to learn more.
Courtesy of ARAcontent

















Ware County's sheriff says Friday night's shooting of an 11-year-old boy with a pellet rifle by a football teammate remains under investigation.
A 17-year-old is fighting for his life tonight after police said he was brutally beaten with a baseball bat.
Thousands came together in Orange Park Saturday to help out the family of 7-year-old Somer Thompson.
A new brain scan alerts doctors that a man thought to have been unconscious for more than two decades was awake, even if he couldn't respond.
The Putnam County Sheriff's Office is investigating the after a man is found dead at a road construction site in Palatka.
Investigators say a Bradford County woman who got pulled over for speeding tried to work her way out a trade by offering sex to the officer that pulled her over.
A 22-year-old man shot by an undercover police officer is rushed to a hospital with life-threatening injuries.
Thousands came together in Orange Park Saturday to help out the family of 7-year-old Somer Thompson.
The next-to-last stop on Sarah Palin's book-signing tour at the Orange Park Books-A-Million store Tuesday morning has drawn people as early as Sunday and from as far away as Tennessee.
Get your daily dose of the cute and unusual right here.
Two days before former vice-presidential candidate and former Alaska Gov. Sarah Palin is to stop in northeast Florida to promote her new book, "Going Rogue," dozens of people were already in line to get autographs.
Check out these lookers who ran into the law.
Capturing N.E. Florida's wanted suspects is a tough task, so the local station is trying to help with the Wheel of Justice. Every Thursday morning, the wheel spins and a wanted fugitive is profiled.
Images: Fugitives On 'Wheel'
Twenty eight NFL and NBA cheerleaders use their dance skills and personalities to raise the morale of soldiers both at home and overseas.















