The Clark Howard Podcast 02.24.25 Protecting Financial Accounts / TRAVEL: Navigating Rising Airfares
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Feb 24, 2025 Discover smart ways to protect your financial accounts from fraud, especially for elderly loved ones. Learn why having a trusted contact is essential as cognitive decline poses risks. As summer travel approaches, find savvy strategies to navigate rising airfares and get the best deals. Explore resources like Google Flights and discover new airline routes that can save you money. Plus, dive into cruise gratuity policies and learn how to ensure your tips reach the right hands, all while safeguarding your vehicle during trips.
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Set Up Trusted Contacts
- Set up trusted contacts on your financial accounts to prevent fraud, especially for aging loved ones.
- Financial institutions can alert your contact if they notice suspicious activity, potentially saving you from financial disaster.
Remove PMI
- Check your mortgage contract for the procedure to remove PMI.
- If your home's value has increased significantly, get an appraisal to remove unnecessary PMI payments.
Non-profit Tax Trouble
- Consult a CPA or enrolled agent to negotiate with the IRS regarding unpaid payroll taxes.
- The IRS may waive penalties if you pay the owed taxes, preventing the non-profit's destruction.