The 2016 budget proposal recently introduced by President Obama calls for raising taxes by $1.8 trillion to pay for new spending measures, but does not mention anything about paying down the national debt or reforming entitlement spending. If you think President Obama needs to go back to the drawing board,(…)
The U.S. government handed out over $80 billion in improper payments last year between three government agencies alone. Medicare paid out $59.9 billion improperly, the Earned Income Tax Credit (EITC) section of the IRS tax code made $18 billion in improper payments and $5.6 billion in unemployment benefits were handed(…)
The Temporary Debt Limit Extension Act of 2014 recently expired, meaning all government spending during the time that deal was in place is now eligible to be added to our national debt. The United States’ outstanding national debt is now about $18.1 trillion – twice what the figure was in(…)
A newly-released report from the Office of the Inspector General (OIG) has found that the Social Security Administration (SSA) paid out at least $17 million to 740 dead people last year. Additionally, the OIG believes these figures are “likely understated” due to the method of determining which recipients are still(…)
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...
