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At Brooks Financial Group, we strive to provide our business relationships with insightful, timely information to help their businesses thrive. Wellness programs have faced unique challenges and scrutiny in 2018. As the year winds down, it’s important to review a few important areas as we launch into 2019. The article below offers some updates on:
Brooks Financial Group, Inc. is the proud sponsor of the 2018 Turkey Bowl. A community tradition for 99 years, the Turkey Bowl football game is held on Thanksgiving Day and features two wonderful local high schools - Calvert Hall College High School vs. Loyola Blakefield. Please take a moment to learn about this great tradition more by watching our commercial, shown throughout the game and televised by WMAR-2 News.
If you offer employer-sponsored health and welfare plans - such as life, disability, medical and dental – you will want to review the required reporting and disclosure obligations. This checklist offers a great overview.
Understanding and successfully managing your financial affairs is an important component in the life of most any working adult. Discover the many benefits of introducing financial education programs into the workplace and see why so many employers are taking the first step to provide their employees with the financial literacy skills they need.
Telehealth and telemedicine technologies are designed to combat rising healthcare costs, improve the quality of care, and much more. Learn the differences between these two programs and how they will be impacting the future of healthcare.
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.