April 27, 2018

9 things retirees should never keep in their wallets

Spare Keys

It’s old-school, we know: keeping a spare key in your wallet (or under a doormat). But a lost wallet containing your home address and a spare key is an invitation for burglars to do far more harm than just opening a credit card in your name. Don’t put your property and family at risk. And even if your home isn’t robbed after losing a spare key, you’ll likely spend $100 or more in locksmith fees to change the locks for peace of mind.

And, speaking of keys, be careful what you hand to the valet while out and about enjoying your retirement, warns Adam Levin, chairman and cofounder of Identity Theft 911. “Remember that every time you stop and hand your key to a valet, depending on what’s in the glove box [or trunk], you are making yourself vulnerable.” For example, your vehicle registration and insurance cards contain your address, and potential thieves know you’re not home.

Instead, keep your spare keys with a trusted relative or friend. If you’re ever locked out, it may take a little bit longer to retrieve your backup key, but that’s a minor inconvenience compared to the alternatives.

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