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FALL 2018
LEGAL ANSWERS ALL THE ANSWERS TO YOUR LEGAL QUESTIONS
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IRS RADIO HOUR EVENTS Community and Camaraderie I Couldn’t Live Without
“IRS Radio Hour”on 560 AM the Answer has been more than just a platform for me to discuss topics that can help others; it has also had a significant effect on our community. We do a lot of events for the public, and many of them go beyond just promotions for the station. Each one provides an opportunity to engage with new people in our area and develop meaningful relationships. I had a blast at a cigar event recently over at Bolingbrook Golf Club. The station provided some premium cigars, and I was able tomeet listeners and other advertisers. It was nice to engage in some healthy political debates and have some stimulating conversations. Then, of course, there’s the JoeWalsh event. Over 2,000 people show up for his Freedom, Family, Friends, Food, and Fireworks event. Everyone brings something to the table to helpmake the event unique and fun for everyone. So of course, yours truly had to bring out the famous Chicago hot dog stand. For the third year in a row, everyone at this event got to taste the best Chicago dog they’ll ever have.
" There is a right way and a wrong way to make a Chicago dog."
Don’t let anyone mislead you; there is a right way and a wrong way tomake a Chicago dog. The biggest mistake other stands make is they never get the proportions right. A great Chicago dog is all about proportion. Sometimes I see way toomuch pickle in the bun.You want people to eat the pickle, not take it out. And of course, the dog itself has to be Vienna beef. Mustard, onions, sliced pickles, tomatoes, relish, sport peppers, and celery salt. That’s the makings of a great Chicago dog. Everyone has their interpretations, but mine is the best. Running the radio show requires a significant time commitment, but I don’t look at it as a job. It’s an excellent opportunity for me to draw closer tomy family. After the unfortunate passing of my brother, I was in need of a co-host. When push came to shove, there was no one better to carry on his legacy thanmy nephew, his son. We’re able to challenge each other and also get tomeet like-minded listeners.
If you haven't listened to the show, we air every Sunday at 5 p.m. For the first part of the show, we focus everything on the IRS and what’s going on in the world of taxes. For the rest of the show, we talk about politics, news, sports ... anything goes. For regular listeners of the show, come out and say hi to us at our next event. We’d love to see you and hear your take on just about anything. As long as it’s not Chicago dogs, I’m sure we can get along.
–Steven Leahy
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(312) 664-6649
HOW TO BOOST YOUR RETIREMENT FUNDS When Your Funds Are Lower Than They Should Be
Having money saved is crucial for adults age 50 or older who plan to retire in the near future. Some people are prepared for retirement, having saved a sufficient amount throughout their lives. However, there are people who, despite having tried to save, come up short in their retirement funds. This can send them into a panic. Women account for the largest percentage of people who don’t have enough money in their retirement savings by the time they reach the age of 50.
If you’re nearing retirement age, don’t fret — you still have options available to you. If you’re working, look into your company's retirement plan, especially if they offer a 401(k). According to the IRS, those who qualify (i.e., someone who joins the plan and is 50 years or older) can contribute up to $24,500 a year.
To learn more about what options are available, it's crucial you speak to a planning specialist. By working with someone who understands retirement, you’ll create a
A survey produced by the nonprofit Transamerica Center for Retirement Studies shows that many women who reach retirement age will not have adequate funds to support themselves. Despite having a higher savings rate, the average amount women have saved at the age of 50 is about $35,000, compared to $120,000 for men. What’s the reason behind this? According to the survey, women often have a large gap in their financial savings at some point in their lives. They are more likely to work part time or stop going to work to take care of family members in need. By working less, women tend to earn less money, which prevents them
solid plan and ensure that you successfully enter and enjoy your retirement.
from putting away sufficient funds for their retirement. This also affects whether or not they are covered by their employer’s retirement benefits, since most
employees are required to be full time in order to receive any benefits.
What Our Clients Are Saying
I have talked and shopped around for a great lawyer until I found this office. I am not a person that writes reviews, but this is an exception. The reviews are real, the service provided is honest, and everything is clear and to the point. I am proud to say that attorney Steven A. Leahy is truly first class. Thank you so much for what you have done. Thank you for representing me. I can say that I am proud to have you as my attorney. Mr. Leahy cares about his clients and does his best. There are no other words to express my appreciation. Thank you! –Jorge J.
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What Venus and Serena Williams Can Teach Us About Mortgages
Regardless of whether or not you consider yourself to be a tennis fan, you’ve probably heard of the famousWilliams sisters, Venus and Serena. Known for their agility and powerful forehand swings, these two athletes have been dominating the world of tennis for the last couple decades. What most people don’t know about Venus and Serena is that while their father, RichardWilliams, coached them in their quest to perfect their tennis technique, he also helped themdevelop their business and financial acumen by having them listen to foreclosure tapes as children. Listening to these tapes not only educated the sisters regarding the process of home foreclosure, it also helped themdominate in the world beyond the tennis court. For those of us whose parents didn’t educate us on legal proceedings when we were children, the idea of comprehending, dealing with, or moving past a home foreclosure might seem intimidating or even impossible. However, the process can be broken down into six steps. 1. A homeowner misses one or more mortgage payments. At this point, the loan is considered“in default.” 2. The mortgage company files a complaint with the court in the county where the property is located. 3. The homeowner will be served a Foreclosure Summons and Complaint.
4. The homeowner will be given a court date, at which time he or she will receive a judgment. 5. The homeowner may have three months to redeem the property by paying the full amount of the mortgage company’s claim. 6. If the property goes unredeemed, the mortgage company can put it up for sale. Here at the LawOffices of Steven A. Leahy, we know that financial troubles happen, and we want to help our clients understand the foreclosure process a little more clearly so that we can offer them the best ways to approach and overcome foreclosures. We have helped hundreds of IRS clients with foreclosure defense procedures since 2001, long before the current mortgage mess. If you are dealing with complaints from your mortgage company, experiencing financial strain regarding your mortgage payment, or just want to learn a little more about the foreclosure process, please give us a call at (312) 664-6649.
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MEMES Don't forget to listen to the "IRS Radio Hour" every SUNDAY AT 5:00 P.M. ON AM 560 THE ANSWER
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Phone: (312) 664-6649 chicagotaxteam.com 150 N Michigan Ave #1120, Chicago, Illinois 60601
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The Best Chicago Dog You'll Ever Have
Women and Retirement
Hear From Our Clients
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Foreclosure Defense Attorneys Can HelpWith Your Case
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Sleep Better and Feel Great
How to Achieve a More Restful Night’s Sleep A good night’s sleep is one of the most important things you can do for your mind and body. One study published in favors (it can be stressful on the body and even elevate blood pressure, which is not good first thing in the morning). If you do need an alarm, consider a wake-up light. Wake-up lights mimic the sunrise, slowly brightening the room, waking your body in a natural, gentle way.
the Journal of Psychosomatic Research found that the quality of your sleep is much more important than the quantity — that is, if you want to feel rested. And we all want to feel rested. So, what can you do to improve the quality of your sleep and get the rest you need?
Kick the screen habit. You’ve heard it before, and you’ll hear it again: Looking at an electronic screen — a TV, computer, tablet, or smartphone — before bed is detrimental to sleep quality. Light from these devices is disruptive to your brain’s suprachiasmatic nucleus (SCN), which helps regulate your circadian rhythm, and screen time before bed can throw off normal SCN function. Put your excuses for staying up too late to bed. Say no to “one more episode.” And all those emails? They can wait until tomorrow. Not getting enough quality sleep is harmful to your mental and physical health. When you get into the habit of following these three tips, you’ll find yourself feeling rested and refreshed in no time.
Listen to your body. This, above all else, is crucial to a good night’s sleep. Your body knows when it’s time for bed. Generally, you want to go to bed when you feel tired,
whether that’s at 8 p.m. or 1 a.m. Whenever your body tells you it needs rest, you should make a habit of going to bed then. The more consistent you are, the better your sleep will be.
Wake up naturally. Jolting yourself awake with an alarm or radio isn’t doing your brain and body any
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