07.20.23 ONLINE SHOPPING: New 3rd Party Seller Disclosure Law / Long-Term Care Options

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 20 July 2023

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

Good news consumers! A new law changes the rules for 3rd party sellers on online marketplaces such as Amazon & Walmart. Clark covers what you need to know about these sellers, and the problem with online purchasing via your phone. Also today, long-term care insurance is cost prohibitive for most. Still, advance planning is a smart idea. Know what elder care options exist today and potentially in the future. Online Seller Disclosure: Segment 1 Ask Clark: Segment 2 Long-Term Care: Segment 3 Ask Clark: Segment 4 Mentioned on the show The INFORM Consumers Act and online marketplaces: What to know BBB-File a Complaint Costco vs. Sam’s Club: What Is the Difference? Buying Gas From a Station on This List Is Better for Your Car What if you can’t afford long-term care? NYTimes.com: States Try Easing the Burden of Long-Term Care’s High Cost What Is Long-Term Care Insurance Cost & Coverage How Do You Prepare for the Likelihood of Long-Term Care Costs? Senior Care Archives - Clark Howard Why Clark Howard Wants You to Set Up a 'Financial Chromebook' Clark.com resources Episode transcripts Community.Clark.com Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Apple card is different. It has a cashback rewards program unlike other cards.
0:04.4	You earn unlimited daily cashback on every purchase, receive it daily, and can grow it at 4.15%
0:10.8	annual percentage yield when you open a high yield savings account.
0:14.4	Apply for Apple card in the wallet app on iPhone and start earning and growing your daily cash with
0:19.1	savings today. Apple card subject to credit approval, savings is available to Apple card owners,
0:24.4	subject to eligibility requirements. Savings accounts provided by Goldman Sachs Bank USA,
0:29.6	Member FDIC, Terms Apply.
0:36.8	I'm so glad to welcome you right here to this edition of the Clark Howard Show.
0:41.7	Our mission is to serve you and empower you to make better financial decisions in your life.
0:48.3	And I've got great news for you today about a problem so many of us are having when we're
0:55.2	shopping online. There's a new disclosure law that's going to prevent the way Amazon and Walmart
1:03.2	and other retailers hide who the real seller is of the goods you're buying on Amazon.com,
1:11.5	Walmart.com, and other websites. It's called the Inform Consumers Act. Now in effect they're
1:17.8	going to be retailers that don't comply as they should with the law. But you are going to know now
1:25.6	you should be able to know right now what's going on with who you're actually buying from.
1:32.7	I want to tell you an ugly thing about Amazon shopping there straight ahead.
1:39.8	And I want to talk to you about something else. Long-term care coming up later.
1:47.6	How cost-prohibitive long-term care can be. And the prices have been going up, up, up, and away.
1:56.5	What can you do? It's one of those things most of us ignore till the time comes.
2:03.1	Planning in advance really smart. So under the Inform Act it's going to tell you,
2:10.4	or at least an online retailer supposed to tell you, very clearly who you're actually buying from.
2:17.6	Is there a difference in the rights you have for returns, refunds, and exchanges depending
	...

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