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You've worked hard, saved smart, and now it's time to enjoy your retirement years. But here's the catch: your credit score still matters, even when you're no longer applying for mortgages, car loans or new credit cards. Why? Scammers know many seniors don't monitor their credit very often, and that makes retirees prime targets for identity theft. Due largely to increased scam attempts, financial losses for seniors reached $4.9 billion in 2024. And anyone can become a target. The good news is there are simple, powerful steps you can take right now to lock down your credit score and make sure your hard-earned nest egg is safe.

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HOW SCAMMERS TARGET YOU EVEN WITHOUT SOCIAL MEDIA

A lot of people assume that once they stop working, their credit score doesn't matter anymore. After all, you're not buying a new house or car, right? Not so fast. Your credit score can still affect:

hands of a senior using laptop with person helping

The hands of Karin Seelmann, a 70-year-old participant of a computer course for seniors, handle the keyboard of a laptop in Hanover, Germany, Feb. 21, 2017. (Peter Steffen/picture alliance)

Keeping your credit score safe is about protecting both your financial reputation and your retirement savings.

REMOVE YOUR DATA TO PROTECT YOUR RETIREMENT FROM SCAMMERS

Even if you're not applying for credit, you should know what's in your file. Seniors are often the last to find out when a scammer has taken out a loan or opened a card in their name. The three big credit bureaus, Equifax, Experian and TransUnion, are required to give you a free report once a year. Here's the trick: thanks to recent changes, you can now get a free weekly credit report at AnnualCreditReport.com. Set a calendar reminder to check your reports once a month. Look for accounts you don't recognize, suspicious credit inquiries or sudden drops in your score.

HOW SCAMMERS EXPLOIT YOUR DATA FOR 'PRE-APPROVED' RETIREMENT SCAMS

man writing in journal next to laptop while sittign at table

A man looking into his retirement matters. (Kurt "CyberGuy" Knutsson)

If you suspect you've been targeted, a fraud alert makes it harder for identity thieves to open new accounts in your name. It tells creditors they need to take extra steps to verify your identity before approving anything.

This is a great first line of defense if you've received scam calls, phishing emails or notice odd activity in your accounts. 

woman types on laptop while sitting at table

A woman looking up her credit score on a laptop. (Kurt "CyberGuy" Knutsson)

A credit freeze is the single most powerful tool retirees have to protect their credit score. Also, it's completely free. Here's why you should do it today:

Since most retirees don't apply for new loans often, a credit freeze is a "set it and forget it" safeguard. Think of it as putting your credit file in a vault.

HOW TO HAND OFF DATA PRIVACY RESPONSIBILITIES FOR OLDER ADULTS TO A TRUSTED LOVED ONE

woman sitting on couch typing on laptop

A woman looking into her retirement matters on her laptop. (Kurt "CyberGuy" Knutsson)

Here's something many seniors don't realize: even if your credit is frozen, scammers can still target you through other leaks of personal information.

Data brokers publish your name, address history, phone numbers, relatives and even property records online. Scammers use this information to:

That's why removing your personal information from these sites is just as important as freezing your credit. Doing it manually means tracking down dozens (sometimes hundreds) of data broker websites and sending formal removal requests and repeating the process every few months as your info pops back up.

Data removal services can handle this automatically, requesting removals from dozens of data brokers at a time and monitoring for re-uploads. It's one of the simplest ways to cut off scammers at the source and keep your retirement profile off the web.

While no service can guarantee the complete removal of your data from the internet, a data removal service is really a smart choice. They aren't cheap, and neither is your privacy. These services do all the work for you by actively monitoring and systematically erasing your personal information from hundreds of websites. It’s what gives me peace of mind and has proven to be the most effective way to erase your personal data from the internet. By limiting the information available, you reduce the risk of scammers cross-referencing data from breaches with information they might find on the dark web, making it harder for them to target you.

Check out my top picks for data removal services and get a free scan to find out if your personal information is already out on the web by visiting Cyberguy.com.

Get a free scan to find out if your personal information is already out on the web: Cyberguy.com.

5 STEPS TO PROTECT YOUR FINANCES FROM FAMILY SCAMS

Even with strong protections in place, it pays to stay alert. Here are a few red flags to watch for:

If you see any of these, act fast: file a report at IdentityTheft.gov, contact your bank or creditors and double-check that your credit freeze is active.

Retirement should be about peace of mind; you've earned your retirement. Protecting your credit score may not be the most exciting task on your to-do list, but it's one of the smartest. By monitoring your credit, freezing your file, removing your data from broker sites and staying alert for red flags, you can keep scammers out of your finances and focus on enjoying the retirement you deserve. Want to take one major worry off your list? Start by having your personal information automatically pulled from the internet. It's an easy way to reduce your digital footprint and keep your credit and your retirement fund safe.

Should more be done to protect retirees from identity theft and financial scams? Let us know by writing to us at Cyberguy.com.

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Get my best tech tips, urgent security alerts and exclusive deals delivered straight to your inbox. Plus, you’ll get instant access to my Ultimate Scam Survival Guide – free when you join my CYBERGUY.COM newsletter.

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Kurt "CyberGuy" Knutsson is an award-winning tech journalist who has a deep love of technology, gear and gadgets that make life better with his contributions for Fox News & FOX Business beginning mornings on "FOX & Friends." Got a tech question? Get Kurt’s free CyberGuy Newsletter, share your voice, a story idea or comment at CyberGuy.com.