AT&T mobile customers may be eligible for mobile cramming refunds

crammingAs part of a $105 million federal and state settlement, AT&T Mobility LLC will pay $80 million to the FTC to provide refunds to consumers.

According to the FTC and other agencies, AT&T unlawfully billed mobile phone users for unauthorized third-party charges for things like ringtone subscriptions and horoscopes. The FTC’s complaint alleges that AT&T kept at least 35 percent of those charges.

People who believe that AT&T charged them without authorization can visit ftc.gov/att to submit a refund claim.

IRA Rollover Law Change Effective 1 January 2015

investing-iraEffective 1 January 2015, investors will face stricter rules on how they can move their money between individual retirement accounts or IRAs by limiting them to just one rollover in any 12-month period.

Previously investors were allowed a yearly rollover for each IRA you held. For example, if an investor had multiple IRAs, they could roll each IRA over once a year.

But in a Tax Court decision from earlier this year (Tax Court Memo 2014-21), the judge ruled that, despite the Internal Revenue Service’s past leniency, the law clearly states that there is one annual rollover permitted per person, not one per IRA. This does not affect trustee-to-trustee transfers.

The clarification of the law actually does you a favor by reducing the temptation to make risky changes with your retirement savings. It is dangerous to treat your IRA as a source for short-term loans. If you are late on a repayment, even by a day, the tax ramifications can be harsh.

Source: Robert Steen, USAA News, Insight: IRA Rollover Law Change

In the article, Robert Steen also provides some other IRA advice worthy of  a quick read.

 

4 Reasons to Contribute to the TSP – Despite Having a Military Pension

chamber_savingsThe Thrift Savings Plan (TSP) offers you the chance to save for additional retirement security at extremely low cost. But you may believe you don’t need to save for retirement because you’ll receive a pension after 20 years of service. Truth is, your military pension alone may not be enough.

Read the four reasons to contribute to the TSP in this article by Kisha A. Taylor at: http://www.militarysaves.org/blog/1214-4-reasons-to-contribute-to-the-tsp-despite-having-a-military-pension#sthash.I7efKH4c.dpuf

Change in Office Hours Starting Wednesday, 15 October

nGl23qjOn Wednesday, October 15, the Airman & Family Readiness Center will open to customers at 9:00 AM due to a change in the day of our staff meeting. We have switched our meetings from Monday morning to Wednesday morning.

Starting next week our office hours will be the following:

  • Monday 8:00 AM – 4:00 PM
  • Tuesday 8:00 AM – 4:00 PM
  • Wednesday 9:00 AM – 4:00 PM
  • Thursday 8:00 AM – 4:00 PM
  • Friday 8:00 AM – 4:00 PM

Don’t forget that Monday, 13 October is a Federal Holiday and we will be closed that day.

On-Base Network Changes Affecting the Viewing of A&FRC Web Site

typingDue to an apparent change to the base network security settings, our web site (www.ellsworthafrc.org) does not display correctly when viewed from on-base network computers.

The drop down menu normally at the top of the page is completely expanded causing viewers to have to scroll down the page to view any content. Many sites are experiencing issues due to these changes which unfortunately are out of our control.

However, our web site continues to work correctly on all QOL (quality of life) network computers or from other off-base networks. We appreciate your patience.