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Tag Archives: Financial Literacy

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 […]

Addressing the Human Side of Money: Financial Therapy

Financial therapy is a new and growing area of financial assistance. Whereas financial advisors and financial planners consult on how to invest, protect and grow money, financial therapists address the more human side of personal finances. They help clients work on the underlying emotional issues that keep them trapped in money struggles, be it overspending, […]

Financial Software for Teenagers? I Say Yes!

Considering I am a daily money manager, it won’t surprise you that teaching my daughter money skills is a high priority on my parenting to-do list. From an early age, my husband and I gave Gabrielle a weekly allowance. The purpose of the allowance, in addition to giving her pocket money, was to provide an […]