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President Obama delivered the annual State of the Union address last week, and talked at length about how he plans to improve our economy in 2015. However, President Obama failed to mention 5 major shortcomings in the economy, which we’ve listed below. 1. Participation in the labor force is currently at(…)
The U.S. Department of Commerce’s recently released first quarter fiscal year 2015 deficit report. Below are a few of the takeaways from that publication: In the first three months of fiscal year 2015 the government has spent $916 billion. This is 9% higher than the amount spent during the first(…)
The Mercatus Center at George Washington University has tallied the volume of improper government payouts during fiscal year 2013. An “improper” payment is one that violated federal rules or guidelines in some way. This includes: fraud clerical errors failure to receive paperwork confirming the legitimacy of the expenditure failure to document(…)
Yesterday, we discussed 12 of the most wasteful government expenditures in 2014. It involved waste from many corners of government, but one entity that escaped our roast was the Department of Homeland Security (DHS). Someone must have it out for the folks over at DHS because today it was revealed(…)
The holiday season may be over, but the elected officials in Washington must have missed the memo. Here are the top 12 most wasteful items we found in the Heritage Federal Spending by the Numbers report. 12. Employees of the Environmental Protection Agency (EPA) use government-issued (and taxpayer-funded) credit cards to buy(…)
Possibly the most overlooked fact about our government is also the most obvious fact: all government agencies need to find ways to spend the huge amounts of money they are given. If they don’t spend it all, then they receive less money the next year. That serves to lower their(…)
U.S. Department of Labor Unveils New IRA Transfer Rule
Proposed rules on IRA advisors and research uncovers a dark side to retirement advice The U.S. Department of Labor has unveiled a new rule for brokers...
The 4 Most Shocking Retirement Scams to Avoid in 2016
Avoiding retirement fraud means understanding your options in retirement accounts and what to look for in scams It’s no surprise that retirement fraud...
How to Convert IRA to Physical Gold
Guest blog post Withdrawing your IRA before you reach age 59-1/2 requires you to pay a 10% penalty. Luckily, there are penalty-free ways to move money...
The Definitive Guide to Keogh Plans
Keogh Plans are not as popular as they once were but can still offer a powerful tax savings for a select few. Back in 1962, retirement savings options...
New IRA Transfer Rules for 2015
The IRS will adopt a new policy regarding the maximum number of tax-free IRA rollovers that may be completed in each 365-day period as of January 1, 2...
