If you are confused about why you can't deduct your mortgage interest, property taxes and charitable contributions, the IRS breaks it down in this article: https://www.irs.gov/newsroom/tax-reform-brought-significant-changes-to-itemized-deductions
Issue Number: Tax Tip 2018-185Follow these tips to protect data when shopping onlineThe IRS reminds holiday shoppers to protect their tax and financial data from identity thieves. All it takes is a few extra steps to prevent cybercriminals from stealing sensitive data, such as financial account information, Social Security numbers, and credit card information. Thieves could [...]
Rarely do investors see negative returns from their conservative bond holdings. Bonds as an asset class are producing a rare negative year due to rising interest rates. This will only be the fourth year since 1976 that the aggregate bond index has produced a negative return. This is a short-term discomfort. Investors are now getting [...]
Mark DiOrio, CFA and Chief Investment Officer of Brookstone Capital Management put together a great piece on market volatility that may shed some light on recent volatility and ease some concerns you may have. MW_Volatility Perspectives_10.29.18 Visit www.brookstonecm.com to learn more about the company and what we have to offer our clients. Investment advisory services [...]
Monthly News and Information for Current and Future Retirees Presented by CARLA MERLAK - OCTOBER 2018 [...]
Medical insurance and other costs can be one of the biggest expenses in retirement alongside taxes. Doesn't it make sense to make sure you aren't overpaying? Annual enrollment kicks off 10/15/2018 where you can make changes to your plans. Antonio Lugo of Smart Wealth Strategies has incorporated Medicare plans into his practice and for a [...]
Per the IRS Tax Reform Tax Tip 2018-154, October 3, 2018, they say: Taxpayers who haven’t checked their withholding should use the Withholding Calculator ASAP For full article and links to helpful tools, click here
If you want to see the 10 Key Changes to Tax Laws, click on the link below. TaxReform-10 key changes
Even the IRS must know people are confused about IRA's. They just published Tax Tip 2018-145 - Facts to help taxpayers understand Individual Retirement Arrangements. Click here to read the complete tax tip from the IRS.
While you are out having fun, you may not realize that your pension check has less money going toward Federal taxes. The IRS just published the Tax Reform Tax Tip 2018-143 stating that retirees with pension income should do a paycheck check up ASAP. Click here to read the article. It will give you a [...]