There is a strange phenomenon recently reported about how aging affects financial decision making process. Interestingly, as would be expected, as people age their financial literacy declines. However, older people’s self-confidence, and in particular their confidence in managing their finances, does not decline nearly as fast. So they may be making financial decisions without assistance… Continue Reading
Category Archives: Uncategorized
Difficulty Accessing Online Accounts
Google lets its users assign their online accounts to a beneficiary in the event of their death. The company will contact the beneficiary if the account is unused for a certain period of time. Twitter permits an executor or a verified family member to deactivate a decedent’s account as long as a death certificate and… Continue Reading
Merry Christmas and Happy Holidays
From our families to yours, Merry Christmas and Happy Holidays.
No Bankruptcy Protection for Inherited IRAs
Back in January I wrote a post about a case going before the Supreme Court about whether an inherited IRA would be protected in bankruptcy. Well, it’s June and that means the Court is churning out its end-of-term decisions, including the inherited IRA case In Re Clark. In short, inherited IRAs do not receive protection… Continue Reading
Unfair Debt Collection
The Federal Fair Debt Collection Practices Act (the “Act”) prohibits unfair collection of consumer debts. The following is a summary of a few prohibited debt collection practices: Calling you before 8 a.m. or after 9 p.m. local time. Contacting you directly after you told the creditor you retained an attorney to represent you. Telling your… Continue Reading