Monday’s need-to-know money news

Today’s top story: Pet insurance can be your wallet’s best friend. Also in the news: How to get the most out of online reviews, talking to your parents about their financial plans, and where the 2020 candidates stand on student debt and college affordability.

Pet Insurance Can Be Your Wallet’s Best Friend
Covering your furry friends.

How to Get the Most out of Online Reviews
When to trust reviews.

Yes, You Should Ask Their Parents About Their Financial Plans
A crucial conversation.

Where the 2020 candidates stand on student debt and college affordability
An important issue.

Friday’s need-to-know money news

Today’s top story: Why you should ask your parents about their financial plans. Also in the news: Why you no longer need a chip-and-PIN card overseas, earning and burning your airline rewards to maximize free flights, and 1 in 4 millennials raiding 401(k)s early to pay down debt.

Yes, You Should Ask Your Parents About Their Financial Plans
Life moves fast.

Do You Need a Chip-and-PIN Card? Probably Not Anymore
“Chip-and-signature” becoming widely accepted overseas.

‘Earn and Burn’ Your Airline Rewards to Maximize Free Flights
Use your miles as soon as possible.

Yikes: 1 in 4 millennials raiding 401(k)s early to pay down debt
Risking retirement.

How to help your parents protect their money

Our financial decision-making abilities peak in our 50s and can decline pretty rapidly after age 70, researchers tell us. That’s how otherwise smart older people fall for sweepstakes frauds, Nigerian investment schemes and the grandparent scam, where con artists pretend to be grandchildren in a financial jam.

But few people want to hear that they’re not as sharp as they used to be. Many won’t recognize the rising risk of losing hard-earned life savings as they age, says financial literacy expert Lewis Mandell, author of “What to Do When I Get Stupid: A Radically Safe Approach to a Difficult Financial Era.”

“As our ability to make sound financial decisions decreases with age, our self-confidence in this area actually increases,” Mandell says.

In my latest for the Associated Press, what adult children can do to protect the finances of their parents.

Tuesday’s need-to-know money news

download (1)Today’s top story: Why your irrevocable trust isn’t protecting your assets. Also in the news: Moving recurring credit card payments, the worst financial mistakes new parents can make, and how to prepare for your financial future.

Your Revocable Trust Is Not Protecting Your Assets
Better asset-protection strategies.

Moving Recurring Payments on Credit Cards Is the Worst. Here’s How to Deal.
Move your payments without pulling your hair out.

The 5 worst financial mistakes new parents can make
Besides not getting enough sleep.

Get Into a “Not Yet” Mindset to Prepare For Your Financial Future
The impossible is possible.