Asset Planning, Inc Blog

The latest from the team.

Privacy Notices

 

We’ve all gotten them, those privacy notices from your financial institutions that you get in the mail or receive electronically. Usually they are mailed out once a year or you receive one when you open a new account. Let’s be honest, most of us do not take the time to actually read them and they end up being filed away and forgotten about. Well we recently came across an article on My Money Blog that pointed out exactly what those companies are sharing about you and why it’s important for you to take the time to opt-out if you do not want your personal information shared with other companies.

Here is an example of a privacy notice:

Privacy Notice

The information that they share includes:

  • Social Security number
  • How much you make (Income)
  • How much money you have (Balances)
  • What you buy (Transaction history)
  • How much you borrow (Credit and payment history)

The amount of sharing varies widely:

  • For our affiliates to market to you = We can share with companies who are under the same ownership or control.
  • For non-affiliates to market to you = We can sell your information to anyone! They don’t even have to be financially-related companies.

Most of us are busy with our everyday lives and won’t take the time to opt-out and this is what the financial institutions are counting on. If you are tired of receiving unsolicited offers for credit cards or other services and are worried about your personal information being shared it only takes a small effort to contact your financial institution and opt-out. Most of these privacy notices can be found online when you log in to your account or you can call the company directly. Just imagine the amount of trees you will be saving when you stop getting 5 unwanted credit card offers in the mail a day. Not to mention the peace of mind you will have knowing that your information is not being sold.

Continue reading
  852 Hits
852 Hits

Search Blogs Module

Wait a minute, while we are rendering the calendar
February 14 Financial Planning Magazine phishing scams Shred paperwork IRS deadline card reader Orange County emergency kit Treasury Department CERTIFIED FINANCIAL PLANNER exam insurance policy clients credit card fraud January 10 clone counterfeits credit monitoring service spam phone driver license email notifications paperwork clutter Medicare plan Medicare question offering insurance official certification EEChecklist-Kits.pdf stockpilingchecklist.pdf VOIP landline phones Flexible Spending Account 70 1/2. 20 year anniversary retirement plans FEMA website holidays approach Retirement Contribution Limits Brexit vote pet industry client portal clients show support ice cream Asset Planning health care costs Medicare Part B premiums cell phone SIM swap scam account numbers banking June 29 estate house sitter cell phone service provider prescription eyeglasses documents family members summer April 18 2017. president Trump insurance policies home security web address Kraig Mathias credit freeze tax season FSA National Ice Cream month Social Security Administration pets donation counts hurricane Dorian Kiplinger Letter life saver July 4 portal 4 pm -8pm https :// home padlock 23 andme items contribution limit donation items April 15 April 11 Open Enrollment Healthcare Federal Trade Commission website Medicare Part B Part B information Facebook Charles Schwab phone Affordable Care Act scams Fox News story D premiums interest rates parking spots https ://seekingalpha flash drive drive /usb toilet paper asset Planning blog post Part D premiums . notary services disaster areas spring cleaning fees vision screening pet supplies executive order privacy notices fun facts vacation money opt-out ID card breach bottom line privacy settings Wells Fargo customers credit score app phishing sites settlement options estate planning direction estate planning checklists Orange County Superior Court partner /owner 2018 IRA contributions DNA test kits company Auto insurance check lists rescue organizations retirement planning jury duty cell phone carriers retirement Amazon 900 number home emergency kit Ice Cream Social Medicare cell phone provider Notary Public pet “ skimmer ”. increase media accounts Erin Nelsen Independence Day consumer spending team members non-prescripstion sunglasses identity thieves text messages 2017 IRA contributions people medications October 1 2020. memorial Day weekend fun atmosphere Open House home mortgages Facebook profile credit cards emergency kits emergency folder policy 2017 TD Ameritrade National LINC Conference information operations manager self-help topics credit card company pet donation drive California Lions Friends relief efforts home emergency preparedness kits Social Security gap insurance retirement accounts 401K investment statements news coverage Puerto Rico assets IRA accounts CFP ® borrowing money tax deadline birth certificates Medicare Advantage home break-ins Joey Gonzales ice cream event chip-enabled EMV cards Roth IRA cell phones cell phone carriers offer Legal robocalls 2017 Equifax breach TD Ameritrade Expired medications trust wells Fargo Victor Dergunov earthquake app car loans integral member phone companies Wells Fargo employees illiegal robocallers Two-Step Verification Mobile Banking Security Tips identity theft Supplemental Security Income debt health care services trustee