The JKJ Blog

Financial Health & Maximizing Your Tax Refund

April is not only financial wellness month, but it is also a time when many Americans file their tax returns. Most people dread April for the sheer fact that it is “tax time” but the truth is last year the average refund was around 3k, so it should really be viewed as more of a celebration. The true dilemma becomes more on what to do with the refund. It would be easy (and fun) to book a vacation or go on a shopping spree, but I would urge you to resist this temptation.

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Evolving Cyber Crime for International Businesses

Increasingly in our interactions with JKJ’s multinational clients and clients conducting business outside of the USA we have been hearing a recurring story. The common elements of the story often sound like this:

A US subsidiary/company receives a phone call from their apparent foreign parent company or business vendor’s accounting department requesting the transfer of funds. During the phone call, the foreign party uses company and industry jargon, exhibits familiarity with relevant personnel of the parent company/vendor as well as the US entity, and is knowledgeable of current business happenings of the ownership group or supplier/vendor’s business dealings. In several cases, this requested transaction has occurred multiple times before the transfer of monies to the third party is found to be a fraudulent.

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Obama’s Fiduciary Proposal & The Self-Serving Uproar From Dabblers

A few weeks ago, President Obama announced that he was going to push the Department Of Labor (DOL) to announce a fiduciary standard for investment advisers to Qualified retirement plans (including 401(k) programs). Even before any rule had actually been proposed by the DOL, many in the financial services industry immediately went into a self-serving uproar to fight the idea. So what’s the hub-bub? Who’s right? Who’s wrong? Is it even that simple? (Foreshadowing on my opinion: conceptually Obama has it correct, and this is the right thing to do for American’s saving for retirement)

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The Next Step in Safety, Health and Wellness

Since 1971, the Occupational Safety and Health Administration (OSHA) has been working to ensure a safe and healthy workplace for every working man and woman in the Nation, according to OSHA’s mission statement. For 44 years, OSHA has relied upon their federal regulations to move the mission forward. Today, other major operating components of the federal government are looking to join the mission.

 

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Retirement (Un)Readiness Among 6-Figure Earners

There’s been a lot written about “retirement readiness” of the American workforce – we’ve done it here in the JKJ blog too. And common themes are the ideas of “auto everything” for participants: auto-enrolled, executing automatic re-enrollment, and incorporating auto-escalation, and intelligently selected age-appropriate “default” Target Date fund offering. And these things really do all work in getting the vast majority of employees on the right track toward retirement readiness.

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Preparing for Winter Storms

“Super Storm” Juno is now a memory. Delaware Valley residents were impacted by the storm but thankfully not to the extent the modeling indicated. While thankful for the result, it is important to remember that winter is far from ending. Being prepared is critical when a winter storm is in our path. The Travelers has excellent tips on issues that we all face in the event of a storm. Click on to https://www.travelers.com/prepare-prevent/mother-nature/winter-storm-safety/storm-preparedness.aspx and learn how to prepare for a storm, ice dam and snow removal, snow shoveling, staying warm, generator safety and driving tips.

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Cold Weather Tips

The Insurance Information Institute (I.I.I.) offers a variety of cold-weather tips about roof damage prevention and fireplace and heater safety. A variety of excellent tips to help during this winter season are available by linking to the full article http://www.iii.org/article/tips-surviving-severe-cold-weather. Are freezing and bursting pipes a concern? Check out a guide for prevention from DisasterSafety.org (http://bit.ly/1xBiKXA) to prevent damage to your home and the things you cherish.

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