26 09, 2022

Should You Prepare to Retire on 80% of Your Income?

2022-09-26T09:18:38-07:00September 26th, 2022|Uncategorized|0 Comments

Examining a long-held retirement assumption.Provided by Carla MerlakA classic retirement preparation rule states that you should retire on 80% of the income you earned in your last year of work. Is this old axiom still true, or does it need reconsidering? Some new research suggests that retirees may not need that much annual income to [...]

14 09, 2022

Got a letter or notice from the IRS? Here are the next steps

2022-09-14T08:50:31-07:00September 14th, 2022|Uncategorized|Comments Off on Got a letter or notice from the IRS? Here are the next steps

IRS Tax Tip 2022-141, September 14, 2022 When the IRS needs to ask a question about a taxpayer's tax return, notify them about a change to their account, or request a payment, the agency often mails a letter or notice to the taxpayer. Getting mail from the IRS is not a cause for panic but, [...]

12 09, 2022

2022-09-12T11:48:39-07:00September 12th, 2022|Uncategorized|Comments Off on

Have questions about the recent student loan forgiveness announcement? I’ve got (some) answers. (Please forward this email to anyone you know who might need some clarity about their student loans. There's also a very important note about scams at the bottom that's worth sharing. #themoreyouknow) You've probably heard by now that the government plans to [...]

8 09, 2022

Options for Extended Care

2022-09-08T10:04:47-07:00September 8th, 2022|Uncategorized|Comments Off on Options for Extended Care

Did you miss out on the informative webinar on options for extended care. No worries, here is the link to watch when it is convenient for your schedule. Watch Webinar Now!

25 08, 2022

Retirement Friendly States

2022-08-25T07:48:39-07:00August 25th, 2022|Uncategorized|Comments Off on Retirement Friendly States

States vary widely in the way they tax retirement income so location is an important consideration in financially planning for retirement. Some states don’t levy income states on any sort of retirement income, while others tax IRA and 401(k) distributions, pension payouts and even social security payments like ordinary income. Income taxes are just part [...]

12 08, 2022

Illinois’ Income and Property Tax Rebate

2022-08-12T05:20:06-07:00August 12th, 2022|Tax|Comments Off on Illinois’ Income and Property Tax Rebate

Many Illinois residents could soon see checks in the mail or money in their bank accounts thanks to new income and property tax rebates this fall, but who is eligible? Under Gov. J.B. Pritzker's Illinois Family Relief Plan, which was approved in April, one-time individual income tax and property tax rebates will be issued to [...]

30 06, 2022

GROCERY TAX SUSPENSION & STATE SALES TAX HOLIDAY

2022-06-30T10:02:49-07:00June 30th, 2022|Uncategorized|Comments Off on GROCERY TAX SUSPENSION & STATE SALES TAX HOLIDAY

Grocery Tax Suspension Going on from July 1, 2022, through June 30, 2023 Public Act (P.A.) 102-0700 suspends the state 1 percent (1%) low rate of sales and use tax on retail sales of groceries normally taxed at this rate from July 1, 2022, through June 30, 2023. How does the 1 percent (1%) grocery [...]

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