October Retirement News
Monthly News and Information for Current and Future Retirees Presented by CARLA MERLAK - OCTOBER 2018 [...]
Tolerating Market Turbulence
Tolerate the Turbulence Look beyond this moment and stay focused on your long-term objectives. Provided by Carla Merlak Volatility will always be around on Wall Street, and as you invest for the long term, you must learn to tolerate it. Rocky moments, fortunately, are not the norm. Since the end of World War II, there [...]
Medicare Annual Enrollment – Why would you want to review your coverage?
Medical insurance and other costs can be one of the biggest expenses in retirement alongside taxes. Doesn't it make sense to make sure you aren't overpaying? Annual enrollment kicks off 10/15/2018 where you can make changes to your plans. Antonio Lugo of Smart Wealth Strategies has incorporated Medicare plans into his practice and for a [...]
IRS recommends checking your paycheck withholding ASAP
Per the IRS Tax Reform Tax Tip 2018-154, October 3, 2018, they say: Taxpayers who haven’t checked their withholding should use the Withholding Calculator ASAP For full article and links to helpful tools, click here
New Tax Laws – supposed to be simplier? Think again
If you want to see the 10 Key Changes to Tax Laws, click on the link below. TaxReform-10 key changes
Do IRA’s confuse you? You aren’t alone
Even the IRS must know people are confused about IRA's. They just published Tax Tip 2018-145 - Facts to help taxpayers understand Individual Retirement Arrangements. Click here to read the complete tax tip from the IRS.
Retirees with pension income
While you are out having fun, you may not realize that your pension check has less money going toward Federal taxes. The IRS just published the Tax Reform Tax Tip 2018-143 stating that retirees with pension income should do a paycheck check up ASAP. Click here to read the article. It will give you a [...]
Underestimating expenses in retirement
Especially those that retire early, in their early to mid 60's, may be surprised that they will spend equal or even more than they did while working. Read full article: https://www.reuters.com/article/us-money-retirement-lowballed/the-lowballed-retirement-why-americans-underestimate-what-they-need-idUSKBN1KE2B1
Planning for Social Security
Learn more about Social Security...you might be surprised! Read these articles published by Social Security: when to start_1700 ret checklist_Additional things you should think about 5 things_About Social Security
Where taxpayers can get help any time of the year
IRS Tax Tip 2018-91, June 13, 2018 While the federal income tax-filing deadline has come and gone for most people, some taxpayers might still need tax help. The IRS has several resources available year-round: IRS.gov. Taxpayers can find all sorts of helpful information on IRS.gov. They can click on “Help” at the top of the home [...]