THE CARES ACT - "Coronavirus Aid, Relief, and. Economic Security Act" offers relief for many Americans. Here are some highlights of the act. In upcoming weeks, I will send specifics on the key laws may be able to help you. Click this link to read more: CARES Act Stimulus Package Highlights I will be available [...]
As an investment advisor representative with Brookstone, I am confident with our investment team to be doing everything they feel is appropriate for the current stock market volatility. Mark DiOrio, CFA, Chief Investment Officer of Brookstone Capital Management, shares an important message to help us with the fears of uncertainty. brookstone client approve covid update [...]
NEW YEAR COMES WITH NEW LAWS! Yes, over 250 new laws were added/changed in Illinois for 2020. Here is a highlight of some of the changes that could impact you: ALMOST ALL OF US ARE IMPACTED - Vehicle License Plates Renewal fees – Increased from $101 to $151 on a passenger vehicle for 2020 Thinking of buying a [...]
2020 brings a change to the form used by employers to withhold your Federal taxes, form W-4. With the tax law changes of 2018, many found they were not withholding enough tax. This redesign should help with making sure you are having enough tax taken from your paycheck. Who should be concerned? For the most [...]
The SECURE Act is now in place - With Senate's passing and President Trump's signing, certain key law changes MAY IMPACT YOU RETIREMENT starting January 1, 2020. SECURE is an acronym for Setting Every Community Up For Retirement Enhancement. This is the biggest change to retirement legislation in 13 years. Those nearing retirement or in [...]
Things to know this year... 1. If you are paying alimony we will need the date of your separation/ divorce agreement, the recieving party's scoial security number, and the amount you are paying. 2. If you are recieving alimony we will need the date of your separation/ divorce agreement and the amount recieving. 3. There [...]
It’s that time of year when taxpayers are thinking about how they want to give back, and many taxpayers will want to donate to a charity that means something to them. The IRS has a tool that may help them make sure their donations are as beneficial as possible. Tax Exempt Organization Search on IRS.gov [...]
A 2018 study found that about half of Millennials are under-saving for their retirement, and will have to work into their 60s and 70s as a result. There are misconceptions among young professionals that deter them from contributing more towards their financial futures, at different stages of their careers. When starting your career "My retirement [...]
This is an important question when planning your retirement. It may make sense to act sooner than later. Find out why. Read this article from CNBC. Investment advisory services offered through Brookstone Capital Management, LLC (BCM), a registered investment advisor. BCM and Carla Merlak/Merlak Tax Advisory Group, Inc. are independent of each other. Insurance products [...]
Tuesday, October 15, 2019, began the “Annual Enrollment Period” (AEP) for 2020. There are many changes for the health and drug plans in 2020 so you will need to be a little more involved in your decision-making process: Medigap/Medicare Supplemental policy plan “F” will be phased out starting January 1, 2020. For those [...]
