Financial Literacy Month is being observed in April 2014. This is an excellent time to recognize the important role that financial literacy plays in individual economic security and the financial health of the nation. Many Americans are not well-informed about important financial issues that affect their everyday lives. Schools, parents, government agencies and financial institutions and advisers all have a role to play in helping to increase knowledge and understanding of critical economic issues.

Landmarks around the world, including New York’s Empire State Building, will shine blue lights on Wednesday to show their support for autism awareness. Organizations large and small will host events to raise awareness of the growing public health issue of autism spectrum disorders. World Autism Awareness Day (WAAD) follows a new report from the Centers for Disease Control and Prevention. Statistics show, According to the report, one in 68 American children have an autism diagnosis, a 30 percent increase from a CDC study conducted last year, and more than double the number of children estimated to have autism in a 2000 study.

An Alzheimer’s care facility in the Netherlands is modeled after a village, allowing patients to roam freely and safely, providing a possible model for facilities in the U.S.

As in other dementia-care facilities, patients at Hogeweyk are prevented from leaving for their own safety. However, within the complex, residents may roam freely, visiting parks and shops such as a grocery store and restaurant, staffed by Hogeweyk employees in street clothes. The design of the facility improves residents’ quality of life by allowing them a degree of self-determination in their daily life.

Many people choose to create a revocable living trust as part of their estate plan. Living trusts may be created for different reasons, and they have several different advantages, including potentially reducing estate taxes, avoiding probate, and allowing for a trustee to manage one’s financial affairs in the event one becomes incapacitated. A living trust should be created with the assistance of a qualified estate planning attorney, and it should also be reviewed, along with the entire estate plan, on a periodic basis.

An investor alert has been issued by the Financial Industry Regulatory Authority. The alert warns investors that private placements are risky and can tie up funds for a significant period of time.

A private placement is an offering of securities by a company that is not offered to the public at large and is not registered with the SEC. Many of these offerings are made pursuant to Regulation D of the Securities Act of 1933. Generally, one must be an “accredited investor” to make an investment in a private placement. Institutions such as banks and insurance companies, and organizations or trusts with assets of $5 million or more, are accredited investors.

Workers will soon have a new retirement savings option. In his State of the Union address, President Obama announced the establishment of the new MyRA program, retirement accounts for workers who do not have access to employer-sponsored 401(k)s. MyRAs can be opened through employers with as little as a $25 minimum deposit and future contributions…

There are two different IRS limits that affect how much an individual can give to another without a gift tax being imposed: an annual exclusion and a lifetime exclusion. In 2014, the annual limit is not changing, while the lifetime limit is increasing.

During 2014, one may give up to $14,000 to each recipient before having to file a gift tax return, the same limit as in 2013. Spouses can double the size of a gift by combining their exclusions…

Elderly parents often need the assistance of their adult children, and this can be difficult when one lives far from them. Even if one’s parents live in an assisted living facility or a nursing home, or have regular in-home caregivers, there may be times when their adult children will need to step in to make decisions, handle financial matters or help with care-giving. If you are separated geographically from your parents, it pays to plan ahead for how you will handle these matters.

The college savings plans known as 529 plans are a way for parents to invest money for their children’s college education while taking advantage of significant tax breaks. Now there are also ways for friends and family members to more easily contribute to the savings plans, which is becoming a popular graduation or birthday gift option. Several companies operate websites that allow you to set up a profile for the beneficiary of a 529 plan and then let friends and family know that they can give through the site. The services deduct a fee of between 2 and 5 percent before the money is made available for parents to transfer to the 529 account.

For recipients of Medicare benefits, the cost of a hospital stay and any subsequent stay in a nursing facility may depend in large part on whether or not the patient was “admitted” to the hospital as an inpatient, or is on observation status as an outpatient. The distinction is crucial, and vexing for patients and doctors alike. After a patient has spent the night in a hospital bed, been given a gown and wrist bracelet, been seen by doctors and nurses, and been fed and washed by aides, he might reasonably be perplexed by the idea that there is any question about whether he has been “admitted” to the hospital…