Topics: Your Money & The Law - 2070 results


Posted 1 year ago in Government Your Money & The Law by Michele Bowman  
Payroll Debit Cards Can Be Illegal

The federal government is warning employers that force workers to accept pre-paid payroll debit cards that the practice violates the law.   Popular with Employers The Consumer Financial Protection Bureau (CFPB) published a bulletin in September reminding employers that they can’t force employees to accept payment only by payroll cards. Payroll cards are pre-paid debit cards that more employers are starting to use in place of paper checks or automatic deposit. They are touted as a good thing for employees …

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New Options for Small Businesses Under Obamacare

Small businesses with fewer than 50 full-time employees are not required to provide health insurance to their employees. Most of them, however, would sincerely like to do so. Under the Small Business Health Options Program, created by the Affordable Care Act (better known as Obamacare) and opening for business Nov. 1, 2013, small business owners now have many more affordable options.   High Cost of Healthcare for Small Business Small businesses that provide health insurance for their employees have traditionally …

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Obamacare Exchanges Open Despite Government Shutdown

The first health care exchanges created under the Patient Protection and Affordable Care Act have opened to consumers today despite the shutdown of the U.S. federal government. Congressional Republicans shut off the funding spigot to all non-essential federal services starting today by refusing to pass a spending bill unless President Obama agrees to strip funding to the ACA, which passed in 2010 and is scheduled to go into full implementation in 2014. However, the money for the bill, including tax …

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Posted 1 year ago in Your Money & The Law by Janet Raasch  
Avoiding Penalties on Early IRA Withdrawals

Traditional individual retirement accounts are a good way to save for retirement.  When times get tough, however, and you need some extra cash, it can be tempting to withdraw some of this money before the minimum age of 59.5. This is almost always a bad idea, unless you are up against a wall and have exhausted every other option. To encourage Americans to save for their retirement years, IRAs offer significant tax benefits. To discourage us from dipping into these …

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Same-Sex Spouses to Get Federal Benefits in Some States

Currently, same-sex marriage is legal in 13 states and the District of Columbia. In these states, LGBT couples enjoy the same state employee benefits as heterosexual couples. Until recently, however, they lacked equal access to federal employment benefits. This all changed in June 2013, when the U.S. Supreme Court struck down Sec. 3 of the federal Defense of Marriage Act, which had defined marriage as exclusively between a man and a woman. Now, in states that recognize same-sex marriage, spouses …

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