How will your perks change in the new year? Here's what to expect.
This post comes from Emily Brandon at partner site US News & World Report.
Seniors won't be getting a boost in their Social Security checks next year, but they will get some new Medicare benefits. Many employers also plan to tweak their retirement account investments to save money on fees and comply with new regulations. Here's a look at how retirement benefits are likely to change in 2011:
401k contribution caps stagnant. The savings limits for retirement accounts will stay the same next year because inflation wasn't high enough in 2010 to trigger an increase. Workers can contribute up to $16,500 to 401k, 403b, and 457b plans, or the federal government's Thrift Savings Plan in 2011. Those age 50 and older can make additional catch-up contributions of another $5,500 next year.
The idea is increasingly popular as state governments struggle to balance their budgets.
As part of our "What If?" series, let's take a look at a favorite target of the fiscal hounds. Since the dawn of time -- or 1992, anyway -- online merchants have collected sales tax on online purchases only if the vendor has a physical presence in the buyer's state.
Right now, people who buy online are supposed to pay the sales tax directly to their state, although very few do. But what would happen if online vendors were required to collect sales tax on all online sales?
Strategic use of gift card bonuses, savvy Black Friday shopping and other frugal hacks yields nearly 20 holiday gifts for almost nothing.
How much are you spending on holiday shopping this year? $100? $200?
Katiria Colon of Hollywood, Fla., did all her Christmas shopping for $6.32.
That's right. She spent less than $7 to buy presents for about 20 people: her husband, 8-year-old son Kyle, grandparents, mother, two sisters, two nieces, brother-in-law, sister-in-law, her boss and his wife, a cousin and the cousin's daughter, a neighbor family and her son's teacher, reports Marcia Heroux Pounds of the Sun Sentinel of Fort Lauderdale.
More kids are asking Santa for necessities rather than toys. The requests show that the recession isn't over for many families.
Kids still write letters to Santa. Among the requests for Barbies and video games this year are some more poignant pleas: requests for clothes, shoes, and help with parents' bills.
Pete Fontana is the "chief elf" at the main post office in New York City, one of about 25 post offices around the nation that match families in need with people who want to help.
"The need is greater this year than I've ever seen it," he told USA Today. "One little girl didn't want anything for herself. She wanted a winter coat for her mother."
As part of a settlement with the states, some customers with unresolved complaints may be entitled to refunds.
Washington Attorney General Rob McKenna gets a lot of complaints from his state's consumers in a year's time. But the many complaints generated by DirecTV in recent years made him sit up and take notice.
Washington became the first state to file suit against DirecTV, the nation's largest satellite television company, over allegations of unfair business practices. Now, the company has agreed to make restitution and pay $14.25 million to settle Washington's complaint and a separate action filed by 49 states and the District of Columbia.
You can make the process less stressful by learning 5 steps before you venture out.
Diamonds are a girl's best friend, the saying goes. Odd, because they can be a man's worst enemy. They're expensive, they're complicated and, as a retail experience, about as far as you can get from Home Depot.
To make matters worse, because they're always a popular holiday gift -- more than a third of diamonds are bought in December -- when you go to the jewelry store, you'll be in a pack of other dazed men being preyed upon by commissioned salespeople. Not a pretty picture.
The lawsuit by a consumer group alleges that toys bait children to eat junk food.
As it threatened in June, the Center for Science in the Public Interest has filed suit against McDonald's, charging that its Happy Meals use cheap toys as "bait" to lure children into gorging on "unhealthy junk food."
The suit, which seeks class-action status, was filed in California on behalf of Monet Parham, a Sacramento mother who said the Happy Meals make it "so much harder" for her to say no when her children beg her to take them to McDonald's.
National Regifting Day celebrates the fact that most people think giving a gift they no longer want is OK.
Make it a green Christmas, you say? That can go a long way past decking the halls with boughs of holly, piney wreaths and all that Yuletide verdure.
This Thursday, Dec. 16, marks National Regifting Day and finally, we have a contrived holiday that avoids making you needlessly consume -- either by buying or eating. In fact, the message of National Regifting Day stresses quite the opposite: Consume less by passing on those ghosts, er, "gifts" of Christmas Past instead of buying more stuff.
Don't worry about being typecast as the Secret Santa Scrooge of your workplace, either. The folks at Regiftable.com, which is promoting the itinerant holiday, insist you'll land in good company this year.
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