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Military Retirement Tips

Military Retirement Tips

Military retirement comes with many benefits from continued health insurance to a regular paycheck every month. Apart from simply living out your service contract, there are several strategies you may employ to maximize your retirement benefits. Through careful planning, you could find...
Can an Employer Open a 401(k) in My Name Without My Knowledge?

Can an Employer Open a 401(k) in My Name Without My Knowledge?

Under IRS rules an employer may automatically enroll you in a 401(k), but it must give you the option to elect participation in the plan. In other words, it needs to inform you of the automatic enrollment election and give you time to decide if you want to participate. If you fail to make an electio
What Is a Low-Income Subsidy?

What Is a Low-Income Subsidy?

Many individuals use the Medicare system, which helps elderly and the disabled with medical expenses. The Centers for Medicare and Medicaid Services offer additional aid called low-income subsidies.
Can Debts Be Applied to an IRA?

Can Debts Be Applied to an IRA?

An Individual Retirement Account is a retirement investment account whose tax benefits help individuals put aside money to use later in life. Although there are several types of IRAs ranging from self-directed accounts to employer based, the two most common types are Roth and Traditional IRAs.
What Is the Protocol for Cashing a Check?

What Is the Protocol for Cashing a Check?

To cash a check you have to meet certain requirements. You will find a different set of guidelines and requirements among banks and other financial institutions. The type of check will also affect the guidelines.
North Carolina Laws About Creditor Harassment

North Carolina Laws About Creditor Harassment

When a debtor defaults on his debt, the original creditor or his agent may contact the debtor to attempt to collect the debt. However, federal and state laws prohibit creditors from harassing debtors or otherwise coercing them into paying the debt. In North Carolina, the attorney general enforces an
Rules for Cashing a Payroll Check at a Grocery Store

Rules for Cashing a Payroll Check at a Grocery Store

Electronic ID verification systems have made grocery stores more willing to cash payroll checks.grocery cart image by Mat Hayward from Fotolia.comMany grocery stores offer a check-cashing system as an easy way for their customers to cash payroll checks. The stores usually gain the...
How Does a 401k Penalize Withdrawals?

How Does a 401k Penalize Withdrawals?

Borrow from the Plan and You May Pay PenaltiesThe IRS makes you pay the penalty, not your 401k plan.Avoid the penalties by paying back the loan. When you borrow from your 401-k, you have to make payments back with interest that goes right to your plan. There are no penalties or taxes when...
IRA Contribution Qualifications

IRA Contribution Qualifications

IRAs offer tax-sheltered growth.investment image by Kit Wai Chan from Fotolia.comIndividual retirement accounts provide federal income tax benefits for retirement savings. IRAs are set up and run by individuals on their own behalf rather than employer-sponsored retirement plans, such as...
How to Budget Your Money Expenses

How to Budget Your Money Expenses

Creating a monthly budget will help you keep track of your expenses and meet financial goals such as paying off debt and saving for the future. A budget should include all of your bills, as well as living expenses, and your monetary goals. You can create a simple budget in the course of an evening.
How Does MICR Work?

How Does MICR Work?

MICR Uses ABA and Account NumbersMICR encodes two very important numbers on the bottom of a check: the American Banker's Association (ABA) routing number and an account number. The ABA routing number, sometimes called an ABA number or just a routing number, uses a combination of codes to...
Lowe's Playground Grants

Lowe's Playground Grants

The Lowe's home improvement store chain offers a grant program to help build playgrounds and provide educational equipment to schools all over the U.S. The Toolbox for Education program started in 2005 with two goals: to get parents involved in education and to provide grants to help improve schools
A Transparent Call for Control Over Oil Futures

A Transparent Call for Control Over Oil Futures

By Adam Lass, Senior Editor, WaveStrength Options Weekly Ride OPEC's outrage to 70% gains "I am shocked - SHOCKED - to discover that there is gambling going on here." - Captain Renault (Claude Raines, Casablanca, ...
How to Split a Gift Using a Joint Account

How to Split a Gift Using a Joint Account

The Internal Revenue Service taxes the transfer of property while you are alive. This tax is called the gift tax. As of this article's publication, you are allowed to give any person $13,000 a year in tax-free gifts. If you give more, the gift is classified as a taxable gift. One way to transfer mor
How to Report Excess Roth IRA Contributions

How to Report Excess Roth IRA Contributions

The 2010 Internal Revenue Service regulations allow you to contribute up to $5,000 per year in a Roth IRA ($6,000 if you are over the age of 50). However, this maximum contribution is contingent on meeting the income limits. If you are not allowed to make a full contribution, you may still make a pa
The Best Way to Repair Credit

The Best Way to Repair Credit

Your credit is affected by a number of factors, including the amount of debt you carry in credit cards, loans and balances due. Other factors include your income, number of missed payments and other major financial situations like foreclosures, bankruptcies and repossessions. If you want to rebuild
How to Discontinue Your Unemployment

How to Discontinue Your Unemployment

To be in compliance with the law, you must discontinue claiming your unemployment benefits once you have regained employment. Unemployment benefits provide temporary financial relief to people who have lost their jobs. The length of time that your benefits last depends on your individual case and yo
How to Make Organic Shampoo & Soap

How to Make Organic Shampoo & Soap

Organic homemade soap and shampoo gives you natural ingredients for healthy skin and hair. Making your own allows you the ability to mix and match a variety of ingredients to achieve the effects you want. Basic recipes are easy to customize and make your own, making this endeavor a craft that can ke
Government Scholarships for 2nd-Year MBA Students

Government Scholarships for 2nd-Year MBA Students

Students pursuing a master's degree in business administration (MBA) can opt for several government scholarships for educational and financial support. Eligibility for a scholarship depends on the type of program and the kind of degree or specialization. Educational programs for MBA students may als
IRS Rules Regarding 401(k) Rollover to IRA

IRS Rules Regarding 401(k) Rollover to IRA

Handle your 401k properly to avoid tax penaltiesTAX TIME image by brelsbil from Fotolia.comWhen you change jobs, you have a number of options when it comes to your 401k plan. If the current custodian allows it, you can leave your money where it is. You can take the cash, but that could...