401(K) Loan changes with the CARES Act

The CARES Act and 401(k) loans (and other defined contribution plans)  What changed: Many 401(k)s and other defined contribution plans allow participants to take out a plan loan of up to $50,000 or half of their own vested account balance. Typically, loans are then repaid over a five-year period through payroll deductions.  The CARES Act made [...]

2020-04-28T16:12:37-07:00April 28th, 2020|financial, Uncategorized|Comments Off on 401(K) Loan changes with the CARES Act

Brookstone Capital Management update on current market

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 [...]

2020-03-25T08:07:50-07:00March 25th, 2020|financial|Comments Off on Brookstone Capital Management update on current market

SECURE Act changes Retirement Plan rules January 1, 2020

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 [...]

2020-01-07T10:52:28-07:00January 7th, 2020|financial, retirement, Tax|Comments Off on SECURE Act changes Retirement Plan rules January 1, 2020

Capital Gains and your taxes

If you own mutual funds in a taxable account, you probably know about capital gains which get reported on your tax return.  During tax season I always have a few clients that complain about having to pay tax on the capital gains when they didn't even sell the fund AND they lost money during the [...]

2019-10-21T13:48:14-07:00October 21st, 2019|financial, financial news weekly, Tax|Comments Off on Capital Gains and your taxes

Thrift Savings Plan Updates

New withdrawal options now available — (September 15, 2019) We’re pleased to announce that all participants now have more options when seeking to withdraw retirement savings from their TSP accounts.* Recent changes improve withdrawal options for TSP participants as discussed in this notice: TSP changes         *https://www.tsp.gov/whatsnew/Content/index.html#newoptions Investment advisory services offered through [...]

2019-09-18T10:30:56-07:00September 18th, 2019|financial, retirement|Comments Off on Thrift Savings Plan Updates

Learn about probate

What is probate and how to avoid it:   Investment advisory services offered through Brookstone Capital Management, LLC (BCM), a registered investment advisor. BCM and Merlak Tax Advisory Group, Inc./Carla Merlak are independent of each other. Insurance products and services are not offered through BCM but are offered and sold through individually licensed and appointed [...]

2019-08-29T12:15:49-07:00August 29th, 2019|financial|Comments Off on Learn about probate

The basics of wills and trusts with Stacy Stusowski, attorney

Stacy Stusowski discusses the importance of a will, trust and powers of attorney no matter what age you are: Watch video

2019-08-27T13:01:13-07:00August 27th, 2019|financial, retirement|Comments Off on The basics of wills and trusts with Stacy Stusowski, attorney

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 [...]

2018-10-23T08:40:21-07:00October 23rd, 2018|financial|Comments Off on Tolerating Market Turbulence

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