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What types of IRAs are available?
The two major types of IRAs are traditional IRAs and Roth IRAs. Both allow you to contribute as much as $5,500 in 2017 (unchanged from 2016). You must have at least as much taxable compensation as the amount of your IRA contribution. But if you are married filing jointly, your spouse can also contribute to an IRA, even if he or she has little or no taxable compensation, as long as your combined compensation is at least equal to your total contributions. The law also allows taxpayers age 50 and older to make additional "catch-up" contributions.
IRS Releases New Income Tax Withholding Tables
The Internal Revenue Service (IRS) has released IRS Notice 1036, Early Release Copies of the 2018 Percentage Method Tables for Income Tax Withholding.
At Brooks Financial Group, we feel the current market correction is healthy and long overdue after the historically benign conditions over the past year had led measures of investor sentiment to become increasingly elevated in recent weeks. We continue to feel the fundamental backdrop for equity markets remains strong based on a combination of accelerating global economic growth, robust corporate earnings, and subdued inflation, and we remain constructive on the outlook for global equity markets in 2018. Based on this outlook, we recommend that investors remain disci
ABCs of Financial Aid
These days, it's hard to talk about college without mentioning financial aid. Yet this pairing isn't a marriage of love, but one of necessity. In many cases, financial aid may be the deciding factor in whether your child attends the college of his or her choice, or even attends college at all.
The main federal education loans are the Direct Subsidized Stafford Loan, the Direct Unsubsidized Stafford Loan, the Direct PLUS Loan, and the Perkins Loan. Federal education loans generally offer more generous repayment options than private student loans.
Direct Stafford Loans
The Health Care Reform To-Do Checklists you will find below include valuable information on 2018 Benefits Requirements. You'll find a list of what needs to be completed, action steps for employers, as well as special tips and deadlines for each step. Select the To-Do List that applies to your company's size and offerings.
Financial planning is about more than just managing money. It’s about setting goals for your future and taking steps to achieve those goals. A trusted advisor can help set you on the right path and ensure you stay the course.