Are you looking to become financially independent soon?Regardless of what state your finances are currently in or how your career has been progressing, true financial freedom is something that appeals to all of us. Who wouldn’t want the ability to choose when and where you work rather than being forced to work out of need?Retirement [...]
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 [...]
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 [...]
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 [...]
MONTHLY NEWS AND INFORMATION FOR CURRENT AND FUTURE RETIREES PRESENTED BY CARLA J MERLAK - SEPTEMBER 2019 QUOTE OF THE MONTH “The more we do, the more we can do; the more busy we are, the more leisure we have.” WILLIAM HAZLITT SUNNIER PROSPECTS FOR WORKING AS A SENIOR In recent years, a steady stream [...]
To: All taxpayers who have outstanding Illinois tax debt The Illinois Tax Delinquency Amnesty Act provides the opportunity for taxpayers to pay outstanding eligible tax liabilities and to have eligible penalties and interest forgiven on taxes paid in full during the amnesty period. What tax liabilities and periods are eligible for the 2019 Illinois Tax [...]
Milllennials, building the resources you need to help you with your life goals isn’t complicated, but the sooner you start, the better. If you wait until you are in your 40s or 50s, you’ll have to save and invest a much larger portion of your income. 9 tips to Start planning your future. The most [...]
Unhappy at work? Quitting your job and retiring early may be riskier than you think. Forbes explains why: CLICK HERE FOR ARTICLE
