Supreme Court

ESOP Managers Have Duty to Employees, High Court Says

Posted on 06/26/2014 by |Legal Grounds | Comments

Bulletin Today | WorkThe Supreme Court is looking out for Americans with employee stock ownership plans (ESOPs), a form of retirement plan. That’s what the justices essentially said in their unanimous June 25 decision in Fifth Third v. Dudenhoeffer, in which employees sued because their ESOP administrators invested in a way that caused them to lose money. In this case, the administrators, or “fiduciaries,” had invested the employees’ money in the employer’s own stock even though they knew (according to the plaintiffs) that …

This Week in Boomer History: Stonewall … Sotomayor … Pong

Posted on 06/22/2014 by |News, Culture, Sights and Sounds | Comments

Bulletin TodayNotable events from our shared experience Sonia Sotomayor is born June 25, 1954 in Bronx, New York. In 2009, she becomes the first Hispanic justice on the U.S. Supreme Court. Smokey Robinson and the Miracles release “The Tracks of My Tears” on June 23, 1965; the song later resurfaces on the soundtrack of the films The Big Chill (1983) and Platoon (1986). On June 25, 1950, North Korea invades South Korea. In three years of battle, more than 36,000 American …

Learn How Creditors Can Snatch Your (Inherited) IRA

Posted on 06/13/2014 by |Senior Editor, Money Team | Comments

Bulletin Today | Money & SavingsA U.S. Supreme Court ruling has just made estate planning a lot more cumbersome for some high-net-worth parents who want to leave tax-free money in a Roth IRA to a child. Retirement accounts are protected from creditors in bankruptcy cases so people don’t wind up destitute in old age. However, the court unanimously ruled on Thursday that this is not the case for those who inherit IRAs. The court decision involves a case of a woman who inherited about $450,000 in an IRA from her mother …

Will Aereo Revolutionize Broadcast TV, or Kill It?

Posted on 04/21/2014 by |Who's News | Comments

Bulletin Today | TechnologyOn April 22, the U.S. Supreme Court hears arguments in a lawsuit that some think will determine the future of television — or, at the very least, whether you can watch local TV news and broadcast channels over the Internet, without having to buy a cable TV subscription. The case involves Aereo, a two-year-old New York-based start-up that offers a new way to watch TV. Aereo captures signals from broadcast TV stations on banks of antennas located close to the …

Medicare Accepting Applications From Same-Sex Spouses

Posted on 04/4/2014 by |Washington Watch | Comments

Bulletin Today | PoliticsSpouses in same-sex marriages can now apply for Medicare benefits. The Social Security Administration, which is in charge of determining eligibility for Medicare, has begun working on requests for Part A and Part B coverage by spouses in same-sex marriages as well as requests for special enrollment and reductions in late-enrollment penalties. The Supreme Court’s ruling last year in United States v. Windsor invalidated the Defense of Marriage Act, which had prevented Medicare from allowing benefits for same-sex couples. >> Sign …

Supreme Court Voids Overall Campaign Donor Limits

Posted on 04/2/2014 by |General News | Comments

Bulletin Today | PoliticsBy Mark Sherman, Associated Press WASHINGTON (AP) — The Supreme Court further loosened the reins on political giving Wednesday, ruling that big campaign donors can dole out money to as many candidates and political committees as they want as long as they abide by limits on contributions to each individual campaign. In a 5-4 vote won by conservative justices, the court struck down limits in federal law on the total amount of money a contributor can give to candidates, political …