Health-Insurance-Exchange-explained1

August 27, 2014 

Small Businesses Slow to Embrace Healthcare Exchanges

Unhappy with the choices her insurance broker was offering, Denver publishing company owner Rebecca Askew went to Colorado's small business health insurance exchange last fall. She found exactly what she'd been hoping for: affordable insurance options tailored to the diverse needs of her 12 employees.

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August 27, 2014 

Clever Financial Strategy For Reporting Interest Earned On U.S. Savings Bonds

Currently over 50 million individuals own nearly $178 billion worth of U.S. Savings Bonds. Many don’t realize that savings bonds are subject to federal income taxes when they are either cashed in or reach final maturity, whichever comes first. The difference between the purchase price and the cash-in value is considered reportable interest. When savings…

medicaid1

August 19, 2014 

Report: Illinois Overdrew from Federal Medicaid Account

Illinois overdrew money from a federal Medicaid account by an average of $60 million per quarter over a three-year period because of "faulty" and "imprecise" practices, according to a federal audit released Monday.

retirement-blog-department-of-treasury-seal-building1

August 18, 2014 

IRS Issues New Regs for Longevity Annuities, Exempt from RMD Rules

People are living longer due to medical advances and other factors. So it only stands to reason that outliving your retirement savings is becoming a greater concern. Nevertheless, the IRS continues to insist that elderly taxpayers make “required minimum distributions” (RMDs) from their qualified retirement plans and IRAs each and every year.

Ken Berry, JD