During the fiscal years 2011 through to 2013, the cost of keeping federal employees on administrative leave whilst they awaited disciplinary action for work-placed malpractice totaled $3.1 billion. At the end of last month, Katherine Archuleta, Director of the U.S. Office of Personnel Management (OPM), reported that the agency would(…)
It is a common occurrence in the Eurozone, and it now appears the U.S. is to follow suit. Using the term “Balance Sheet Utilization Fee”, J.P. Morgan is now charging some customers 1% to deposit their cash with the bank. This is viewed by many financial analysts as a way(…)
President Obama today expressed his continuing confidence in the Transportation Security Administration (TSA), despite recent covert tests where 95% of mock explosives and weapons were allowed through airport security. 70 U.S. airports were involved in the testing, requested by the Homeland Security Inspector General, yet only 3 of those were(…)
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...
