The Clark Howard Podcast 12.12.24 Subscription Wrangling / Estate Planning in 3 Steps
Dec 12, 2024
Uber's troubles with the FTC serve as a crucial reminder to manage your subscriptions wisely and protect your finances. Warren Buffett's advice on estate planning highlights three essential steps for safeguarding your legacy. Stories of scams, particularly SIM swap fraud, emphasize the need for consumer vigilance. Tips on refinancing and cashback incentives are shared, alongside strategies for managing multiple subscriptions. The importance of clear estate planning and holiday giving for foster care children is also discussed.
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Unwanted Streaming Subscriptions
- Clark Howard discovered numerous unwanted streaming subscriptions on his credit cards.
- His family members had signed up for these services without informing him.
Managing Subscriptions
- Turn off auto-renewal for subscriptions immediately after subscribing.
- Consider using gift cards with small balances for subscriptions to automatically stop unwanted renewals.
Tax Return Retention
- Keep tax returns indefinitely, but supporting documents only for seven years.
- The IRS has no time limit for pursuing failure-to-file cases.