retirement Archives - Merlak Tax Advisory Group, Inc.

Already taking social security? Then this email isn’t for you. If you are born 1954 to 1962 and are NOT taking your benefits, this is an important time for YOU!

Understanding the Ages to Take Social Security BenefitsSocial Security benefits provide crucial financial support for retirees, but deciding when to start receiving these benefits can significantly impact your lifetime income. Once you make a decision and apply, there are very few situations where you can change the election. Here’s a general breakdown of the different [...]

Carla Merlak2024-10-10T10:12:10-07:00October 10th, 2024|retirement, Social Security, Uncategorized|Comments Off

Importance of Personal Tax Planning Throughout the Year

As we continue through another year, I wanted to highlight the significant benefits of engaging in proactive personal tax planning. Whether you're a freelancer, business owner, or employee, effective tax planning can make a substantial difference in optimizing your financial situation and ensuring compliance with tax obligations. We, at Merlak Tax, recognize this and encourage [...]

Carla Merlak2024-08-06T10:30:41-07:00August 6th, 2024|financial, life insurance, retirement, Social Security, Tax|Comments Off

Inflation Reduction Act and Medicare
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Inflation Reduction Act and Medicare

retirement

Inflation Reduction Act and Medicare

As shared by Antonio Lugo: New laws are here! The new Inflation Reduction Act is a big enchilada of green energy spending, corporate taxes, and some pretty major changes to Medicare. Is this deal a big deal? Could be. I'll wrap it up for you at the end. First, here are some Medicare changes you [...]

Carla Merlak2022-10-13T11:10:16-07:00October 13th, 2022|retirement|Comments Off

Women and Divorce

Divorce can be a very emotional time. It is important to not ignore the impacts on you financially. Divorce can devastate your retirement plan but you need to be proactive and take action. Here is a good article from MSN that can provide helpful information and tips. Remember, I am her for you or someone [...]

Carla Merlak2021-12-10T14:03:54-07:00December 10th, 2021|financial, financial news, retirement|Comments Off

In Depth Tax Analysis
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In Depth Tax Analysis

retirement, Social Security, Tax

In Depth Tax Analysis

People are asking what can I expect from an in depth tax analysis strategy session. Well, you first will see what tax bracket you are in and where the next cut off is so you can plan for filling that tax bracket. You next will find out what deductions and credits you qualify for plus [...]

Carla Merlak2021-11-10T07:54:27-07:00October 25th, 2021|retirement, Social Security, Tax|Comments Off

How to Save Money with Lake in the Hills Retirement Tax Strategies
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How to Save Money with Lake in the Hills Retirement Tax Strategies

retirement

How to Save Money with Lake in the Hills Retirement Tax Strategies

Pay Fewer Taxes in Retirement with These Lake in the Hills Retirement Tax Strategies We all want to enjoy our retirement, but how do you get the most joy out of it? Many retirees think it’s as simple as saving up enough money to live comfortably. And while saving enough is part of it, people [...]

Carla Merlak2021-07-20T07:57:20-07:00July 19th, 2021|retirement|Comments Off

Third Quarter Market Outlook
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Third Quarter Market Outlook

financial, retirement

Third Quarter Market Outlook

Mark DiOrio, CFA, Chief Investment Officer at Brookstone Capital Management, shares his 3rd quarter market outlook on this quick zoom presentation. CLICK HERE 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 and services [...]

Carla Merlak2020-08-06T12:15:35-07:00August 6th, 2020|financial, retirement|Comments Off

SECURE Act changes Retirement Plan rules January 1, 2020
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SECURE Act changes Retirement Plan rules January 1, 2020

financial, retirement, Tax

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 [...]

Carla Merlak2020-01-07T10:52:28-07:00January 7th, 2020|financial, retirement, Tax|Comments Off

Where will you live after you retire?
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Where will you live after you retire?

retirement

Where will you live after you retire?

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 [...]

Carla Merlak2019-11-06T17:13:00-07:00November 6th, 2019|retirement|Comments Off

Why reviewing your Medicare Coverage is even more important for 2020
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Why reviewing your Medicare Coverage is even more important for 2020

retirement

Why reviewing your Medicare Coverage is even more important for 2020

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 [...]

Carla Merlak2019-11-04T12:34:08-07:00November 4th, 2019|retirement|Comments Off

Inflation Reduction Act and Medicare

In Depth Tax Analysis

How to Save Money with Lake in the Hills Retirement Tax Strategies

Third Quarter Market Outlook

SECURE Act changes Retirement Plan rules January 1, 2020

Where will you live after you retire?

Why reviewing your Medicare Coverage is even more important for 2020

Lake In The Hills

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