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Tag Archives: Financial Literacy

How to Choose a Credit Card

There are many credit card offers available to us.  They come in the mail, reach out to us in advertising, and are on display at airport and store counters. We know people who have found the best credit card ever and think we should have it too. If you come across a credit card offer […]

Five Ways to Help Your Parents Keep Their Financial House in Order

Many times, our parents don’t need (or want!) someone to completely take over their checkbook. Sometimes all they need is a little help. If they are willing to share information with you, here are five ways you can provide assistance while helping your senior maintain independence. 1. Review the incoming mail with your parents. Many […]

What to Know About Your New Medicare Card

If there is a way to scam you out of money, thieves will be all over it. Unfortunately this is happening with the rollout of the new Medicare cards. Medicare is removing Social Security numbers from Medicare cards. By April 2019, all Medicare participants will receive a replacement insurance card with a new, unique number. […]

Who Needs Your Social Security Number? (And When to Refuse to Give it Out)

Recently, as my daughter was deciding which college she will attend next fall, I was looking over the various schools’ acceptance forms. Many asked for her Social Security number.  I told Gabriella not to give the school her number. “Why?” she asked. “Because they have no legal right to it,” I said. Your Social Security […]

Your Eighteen-Year-Old Needs a Will (and Other Legal Documents)

I am getting ready to “launch” my daughter as she heads off to college next fall. She is an adult. Although my husband and I will still support her, we no longer have any legal authority to access her financial accounts, health information, and even her grades. It does not matter that we are her […]

Act Now to Protect Your Standard of Living in Retirement

When I perused a USA Today newspaper recently, I read a statistic* that stuck in my mind: “66% of adults 45 and older are concerned about not being able to maintain a reasonable standard of living in retirement.” Sixty-six percent is significant! This led me to think about two expenses which have greatly impacted some […]

Social Security Numbers to be Jettisoned from Medicare Cards

At long last, Medicare is removing Social Security numbers from all Medicare cards. For any years the Centers for Medicare & Medicaid Services (CMS), which administers the Medicare health insurance program, resisted pressure to make this change. In 2015, however, Congress passed the Medicare Access and ChiP Reauthorization Act (MACRA) requiring CMS to replace the […]

What Happens to Debt When Your Loved One Dies?

What happens to a deceased person’s debt after he dies? His heirs may wonder whether they are responsible for the debt their loved one left behind. When a person passes away, she leaves an estate which is comprised of money in bank and investment accounts, cash, real estate, vehicles, household furnishings, and other financial or […]