At the end of March 2013, my wife received a letter from VERIZON WIRELESS AMERICA’S CHOICE II LITIGATION announcing that they had won a class action.
And what did she win? A very “valuable” 40 units of long distance calling.
With Voice over Internet, Vonage, and my cell phone service, I have no phones on which I would pay for long distance calls in the USA. So what did they give us? Ice in the Winter.
At the end of January, both the Internal Revenue Service and the Department of Health and Human Services issued two sets of proposed regulations related to the individual mandate of the Patient Protection and Affordable Care Act.
And here is what jumps off the pages at me.
If two government bureaucracies have written regulations on the same material, who reviewed it to be sure that there are no conflicts?
If there are conflicts, whose version overrides the other?
I received the below in an email from BLOOMBERG. If a merchant wanted to add this to my bill, I would walk away from the transaction. Let’s see how much they like to lose a sale.
Starting Sunday 1/27/2013, retailers may add a surcharge of up to 4 percent of your bill if you want to pay with a credit card.
The good news is that even though it’s legal, it’s not expected to become a widespread practice. And retailers have to disclose if they’re adding a fee.
What else you need to know about this change:
I’m continuing with historical situations that have occurred in which we discovered that our clients were going to be taken advantage of.
This is a very strange story and those of our readers who have a mortgage and escrow their real estate taxes should be aware of what can go wrong.
One day, our client receives a letter from the people who are servicing his mortgage. The letter tells him that there is a shortage in the escrow account and that he needs to make it up immediately ($6,000) and that the next 12 months of escrow will increase by $500 per month. At this point, what would you have done? Would you have paid it?
This story is true. The names have been left out.
On Monday, a client deposited a cashier’s check and emailed me a copy. In the email, I was told that the check exceeds the payment amount and that I need to wire back a refund of $2,600.
In the back of my mind, I recalled that there was a scam involving counterfeit cashier’s checks and when you wire back the money, your deposit bounces, and your wire is gone and along with your money. I told the client that we had to wait before we could send the wire. Something did not smell right.
Want to emulate the success of others? If wealth is what you’re after, look to an unconventional source for tips: the IRS.
John D. Rockefeller, America’s first billionaire, said, “If your only goal is to become rich, you’ll never achieve it.”
Easy for him to say, but his point is: If the only thing you care about is making money, no matter how much money you make, it will never be enough.
Recently, a client called to ask some questions about taxes. While talking to her, I discovered she had many questions about finances, retirement and business, as well as taxes.
When we were done she told me that she does not know why she doesn’t call me more often, because I always relieve her financial-related Stress.
I kind of laughed but she went on that she feels very insecure about financial matters and when she talks to me, she understands what I am saying and then everything feels OK again. She told me that I should market myself as a “stress reliever”. I laughed again and told her that I did not think I wanted to touch that line.
Afterwards though, I started to think about it. She was not the only client to say this, though the others framed it differently. They used terms such as “confidence in me”, “sleep at night knowing I am there to watch over their finances”, and “help them to be more productive in their business and life”. Each one is indicative of Stress Relief.
Do you think that Health Insurance should cover my services?
See my profile and website before you answer.