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Roth IRA: How a well-timed conversion could yield sweet tax savings for retirees
If you are a retiree with a traditional 401(k) or IRA, there may be a window of opportunity for you to convert a significant portion to a Roth IRA tax-free. You can take advantage of this Roth IRA conversion if you’re not…
Coburn Introduces Bill to Protect and Strengthen the Social Security Disability Insurance Program
The disability trust fund will be completely exhausted in less than two years, according to the Social Security Board of Trustees. When this happens, the more than 11 million Americans receiving disability benefits will face immediate cuts of nearly 20…
Teacher with Disability Is Role Model for Students
“I’ve been in a wheelchair all my life, and I don’t let it stop me from doing anything,” Carolyn Diaz says. Truer words have never been spoken. Carolyn has Larsen’s Syndrome, an inherited condition that affects the development and function…
Tax and social security items for consideration before 2015
There are many moves that can be implemented in 2014 to reduce taxes, expenses or, for that matter, payments to Medicare etc. Tax planning between ages of 60 and 70.5 Many people retire around the age of 60 to 62,…
House panel blasts disability program claim review process
Congressional aides say an over-emphasis on clearing up Social Security Disability Insurance (SSDI) program appeal backlogs is hurting the solvency of the program. The aides — part of the staff at the House Oversight and Government Reform Committee — argue…
Refugee family in Aurora gets help for member with disability
A Bhutanese refugee family in Aurora got some much-needed help just in time for Christmas. A local nonprofit this month installed a free wheelchair ramp at the family’s home after one member underwent a massive surgery to help with his…
Predictions For 2015: Social Security Disability Benefits Start Running Out
2015 predictions are already a little bit gloomy, but it may even get worse as the year trundles on since it’s believed that social security disability benefits may start running out either in late 2015 or some time in 2016.…
Who was naughty and nice this year?
A source close to the toy industry has once again leaked a copy of Santa’s perks list for Wisconsin politicians and newsmakers. Here’s what the good boys and girls in Madison and Washington will reportedly find in their stockings this…
One in four started young saving for retirement
The United States is not a nation of grasshoppers after all; there are plenty of industrious ants socking money away for down the road, according to new research by Gallup Inc. Twenty-six percent of investors in the U.S. report that…
New State Privacy Laws Go Into Effect on Jan. 1, 2015 (California and Delaware)
State legislators have recently passed a number of bills that impose new data security and privacy requirements on companies nationwide. The laws include new data breach notification requirements, marketing restrictions, and data destruction rules. Below is an overview of the…