What You Should Know About Social Security
About 150 million people contribute and 55 million collect Average monthly benefit: retired worker = $1,200; retired couple = $1,900 Social Security benefits are calculated using the highest 35 years of earnings 62 is the earliest you can receive benefits–most people start at 62 and 95% start by 66 Every month you delay after full [...]
What to Do When the DOL Calls
Over the past couple of months we have had several clients who have received phone calls from the DOL (Department of Labor). That may not seem like an important event, but during my many years in this business, I can only remember one such phone call received by a client. Wage and hour audits are [...]
Year End Tax Planning
With 2011 coming to a close, it’s time to take a final look at tax strategies for year end. It’s especially important this year because many incentives are set to expire unless extended. Conventional wisdom says to defer income and accelerate deductions. Depending on your perspective as to whether tax rates will decrease, stay the [...]
What’s In Store For The Economy in 2012?
I wish I could see into the future, but unfortunately I can’t. As I read the headlines and speak with clients and peers, it’s very clear that because of all the uncertainty, businesses and business owners are sitting on the sidelines waiting for some clarity. Granted the third and fourth quarter of 2011 have seen [...]
Our 50th anniversary wouldn’t have been the same without you
We just wanted to take a few minutes to thank you all for celebrating Schlabig and Associates’ 50th anniversary with us. It’s wonderful to bring together the diverse group of people we serve and spend some time chatting, playing cornhole, getting to know new people and catching up with old friends. We also wanted to [...]
