Money Smart week, originally scheduled for April 4-11 this year, was canceled like almost everything else due to the COVID-19 precautions. Financial literacy doesn’t stop being relevant, however, and so in an expanded celebration of Financial Literacy Month all April, the good folks behind MSW have created useful, educational, and insightful webinars on various topics. Each topic is uniquely relevant to our current environment and is pre-recorded so you can view them when it is most convenient for you! Just click on the links below:
-Take Control of Your Finances
-Inside America’s “Financial Diaries”
-Money and Budgeting for Kids!
-Medigap Insurance: How to Pick the Right Plan
Another canceled MSW program that will give you insights into which plan is right for you and how to use the tools available at MPPL to access related information.
According to an article in the July 6, 2019 Daily Herald, a “miscalculation” of the senior freeze property tax discount by the Cook County assessor’s mainframe computer artificially inflated thousands of tax bills for low-income homeowners in Wheeling Township. The problem was isolated mainly to Wheeling Township seniors but a few errors were also discovered in other townships.
The Cook County Assessor’s office is issuing certificates of error to the affected homeowners. These bills will replace the ones issued by the Cook County treasurer’s office earlier this month. 3200 properties were reported to Wheeling Township Assessor Jerry Sadler but he also found about 100 other homeowners affected who were not on the list.
Those seniors eligible for the discount are encouraged to carefully check their bills. If you have questions, please contact the Wheeling Township Assessor’s office by telephone at 847-259-1515 or by email at firstname.lastname@example.org. The assessor’s office will review your information.
Are you an older American interested in improving your financial literacy? Get informed with free tools and resources available at the CFPB’s Working with Older Adults webpage. You can also download guides for specific topics such as Reverse Mortgages and Managing Someone Else’s Money, as well as find informational blogs about related topics. Free publications—such as Money Smart for Older Adults and Understanding the Benefits of Social Security (in English and Spanish)—can be ordered here. The Administration for Community Living is the federal government agency that sponsors this observance. Get more information here.
In the last few months, new Medicare ID cards have been sent to recipients across the United States. As several policies change and the amount of scams targeting Medicare users increase significantly, staying informed is paramount to maintaining good health and safe accounts. Take a look at these AARP articles detailing information about the new IDs and potential scams centered around them:
MEDICARE ID CARDS: WHAT YOU NEED TO KNOW
MEDICARE ID SCAMS
AARP: Beware of New Medicare Card Scam!