Buffett Tax Rule: The New AMT
Today’s a big day for the deficit hunters as President Obama will be proposing a variety of tax changes (here’s a sneak peek from the NY Times). The most notable of these change is the introduction of...
View ArticleBank of America to Add New Bank Fees
Many news outlets have been reporting that Bank of America will be instituting new fees to those with low account balances and it comes as no surprise. They are just the latest to announce tests in...
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New Citi Checking Account Fees
Last week, Bank of America caught a lot of flak for introducing a bunch of fees on their checking accounts. This week, it’s Citi’s turn and the fees will start in December. If you have a mid-level...
View ArticleSocial Security Cost of Living Adjustment for 2012 – 3.6%
On several occasions, when playing golf with my good friend and his dad, the dad has joked about how he hasn’t gotten a raise in three years. He’s semi-retired and is getting Social Security payments...
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Stamp Price Increase [Jan 22, 2012]
Want to get a 2% return on an investment in just one day? Buy a Forever Stamp from the Post Office on January 21st, 2012 and mail something on January 22nd (well, on the 23rd because the 22nd is a...
View ArticleFounders Federal Credit Union Gives $10 Million
Founder Federal Credit Union, a credit union in Lancaster, South Carolina; will be giving $10 million back to its members in the form of a bonus dividend. About half will go to depositors based on...
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The Expiring Payroll Tax Holiday
In 2008, many people received a stimulus check of a few hundred dollars. In 2011, many people got a payroll tax holiday instead of a check in the mail. There wasn’t a lot of news made about the payroll...
View ArticleUSPS Closing 250 Mail Processing Centers, Longer Ship Times
The USPS announced that it would be closing roughly 250 of the almost 500 mail processing centers across the nation starting as early as March 2012. This is in addition to the planned closing of 3700...
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Dollar Coin Program Ending
It looks like the dollar coin program is dead and it’ll “save” $50 million a year. They’re killing it because there are tons of dollar coins sitting in vaults and it’s a waste of space and money....
View ArticleCongress Passes Two Month Payroll Tax Cut Extension
After a lot of political dancing, arguing, and tomfoolery, it looks like Congress has extended the payroll tax cut for another two months as they work towards a yearlong agreement. The Senate passed,...
View ArticleVerizon Scraps $2 Bill Payment Fee
If you were a Verizon customer, you probably heard about the $2 fee Verizon was trying to push on people who made one-time bill payments on their accounts. I’m a Verizon FiOS customer so I wasn’t happy...
View ArticleIRS Reports Glitch Delay Tax Refunds
It seems the trusty Internet Revenue Service has experienced a bit of a hiccup this tax filing season. The IRS is reporting that a software “glitch” has delayed the processing of “several million...
View ArticleTradeKing & Zecco Merging
Ryan at CashMoneyLife sent me press release in which TradeKing and Zecco announced a merger. I’ve long been a fan of TradeKing. Zecco… not so much. I have nothing against Zecco because I’ve never used...
View ArticleCFPB Introducing New Prepaid Debit Card Rules
I’m amazed that prepaid debit cards aren’t more heavily regulated than they are now. That’s about to change. The Consumer Financial Protection Bureau is set to unveil some rules for prepaid products...
View ArticlePerkStreet Shutting Down Operations
JimPerkStreet is shutting down its operations. According to their website, they were pursuing investment the last six months and failed to do so. They’ll be shutting down. PerkStreet offered a checking...
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