Manager Change at Fidelity Strategic Income Fund

I will be keeping a close watch onthe fund for the next year for performance changes.  However, since these were already members of the existing management team, I don’t believe there is any reason for immediate concern.   –  Reeve Effective June 1, 2012: Joanna Bewick, a 15-year Fidelity veteran, has been appointed lead manager of Fidelity Strategic Income Fund (FSICX), …

WHAT HAPPENS HERE IF GREECE EXITS THE EURO?

  Another downturn? Or something much less severe?  Presented by Reeve Conover   If Greece leaves the eurozone in the coming months, what kind of financial ripples could reach America?  Nobody can predict the endgame yet; Greece may even stay in the euro, although that is looking less and less likely. The big concern isn’t what happens in Greece – …

BlueCross BlueShield of South Carolina makes Prescription Changes

Effecive July 1, 2012 the following drugs will move to the non-preferred drug list: Lipitor, Lexapro, Geodon, Zyperxa, Caduet, Cardizem, LoSeasonique, Boniva, Combivir, Epivir, Malarone, Avapro, Avalide The following drugs are being added to the regular list: Alvesco, Janumet, Durezol, Exalgo

Half of employees ready to ditch employer

50 percent of workers say employee benefits are very or extremely influential on decision to leave By Jenny Ivy June 6, 2012 Unemployment numbers don’t faze workers who say they’re ready to find another job and that benefits are likely to be a factor in their decision. According to findings released Wednesday from the 2012 Aflac Workforces Report, 49 percent …

Massachusetts Health Mandate Provokes Little Outcry

By Steve LeBlanc, Associated Press June 6, 2012 BOSTON (AP) — It’s the single most contentious element in the Patient Protection and Affordable Care Act of 2010 (PPACA): The requirement that nearly everyone have insurance or face a financial hit. But in Massachusetts, the only state with a so-called individual mandate, the threat of a tax penalty has sparked little …

H.R. 436: Obama, House Republicans Duel Over FSA Use-It-Or-Lose-It Bill

By Allison Bell June 7, 2012 • House Republicans may be heading toward a veto battle with President Obama over H.R. 436, a health package that includes the text of H.R. 1004 — a bill that would kill the much-loathed requirement that flexible spending account (FSA) holders forfeit any unused FSA balances at the end of the plan year. The …

House advances bill repealing healthcare law’s medical device tax

By Pete Kasperowicz – 06/07/12 02:28 PM ET The House voted Thursday to advance legislation that would repeal the 2.3 percent medical device excise tax imposed by the Democratic healthcare law in 2010, which would raise an anticipated $29 billion over the next decade. Members approved the rule for the legislation, H.R. 436, in a mostly partisan 241-173 vote, although …

What happens if the Supreme Court overturns PPACA?

By RICARDO ALONSO-ZALDIVAR WASHINGTON — It sounds like a silver lining. Even if the Supreme Court overturns President Barack Obama’s health care law, employers can keep offering popular coverage for the young adult children of their workers. But here’s the catch: The parents’ taxes would go up. That’s only one of the messy potential ripple effects when the Supreme Court …

2013 HSA Contribution limitations announced

Self-only coverage will be limited to $3250, and the family coverage will be limited to a contribution of $6450. Also, for 2013 the minimum deductible for a plan to qualify as a High Deductible Health Plan will be $1250 for self-only, and $2500 for Family.

IRA DATES and MILESTONES TO REMEMBER

These are the dates (and deadlines) too often forgotten. IRAs come with complex rules and regulations. As these rules and regulations are occasionally forgotten or misinterpreted by IRA owners, here is a refresher.   Age 70½: Required Minimum Distributions (RMDs). Once you reach age 70½, you are required to make withdrawals from any traditional (“regular”) IRAs that you have established. (Original …