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Eclipse: Who? What? Where? When? and How?

  On Monday, August 21, 2017, all of North America will be treated to an eclipse of the sun. Anyone within the path of totality can see one of nature’s most awe inspiring sights - a total solar eclipse. This path, where the moon will completely cover the sun and the sun's tenuous atmosphere - the corona - can be seen, will stretch from Salem, Oregon to Charleston, South Carolina. Observers outside this path will still see a partial solar ... Read more

Five facts about the minimum wage

By Drew DeSilver Pew Research Center   Even though the federal minimum wage has remained at $7.25 an hour since 2009, most Americans are now covered by higher minimums set by state and local laws - from Los Angeles to New York state to Washington, D.C. Organized labor and anti-poverty groups continue to push for $15 an hour as the new standard for all workers paid hourly, though given Republican control of Congress that prospect appears dim. While the idea of raising the ... Read more

Read the July 2017 issue of The Wealth Architect

Dear Friends, Welcome to the July 2017 issue of The Wealth Architect. In the words of George Eastman, "If a man has wealth, he has to make a choice, because there is the money heaping up. He can keep it together in a bunch, and then leave it for others to administer after he is dead. Or he can get it into action and have fun, while he is still alive. I prefer getting it into action and adapting it ... Read more

IRS Launches 2017 Summertime Tax Tip Program

WASHINGTON - More than 719,000 taxpayers received plain-language Tax Tips directly to their email inbox during this past taxIRS-logo filing season and got the information they needed to help them file their taxes.   Because taxes are year-round for many taxpayers, and many taxable situations arise during the summer months, the Internal Revenue Service offers a Summertime Tax Tip program that began July 3. The IRS is encouraging taxpayers to sign up now for this email service to help them get ... Read more

Summer Safety Checklist Tips

Summer means lots of kids will be playing outdoors, but it's important to keep a safety checklist in mind to keep kids safe while they're having fun. Here are some great tips to keep in mind for kids' safety. Post this safety checklist on your fridge or family bulletin board as a reminder of ways you can keep your kids safe and prevent injuries or accidents from intruding on your family's summer fun. 1. Practice Summer Sun Safety for Kids When ... Read more

Read the July 2017 Client Information Bulletin…It’s not just for clients!

 IN THIS MONTH'S ISSUE: Seven Midyear Strategies in Vogue Four Ways to Improve Your Workspace Gearing Up for an Auto-enrollment Plan Tax Window for Vacation Homes How to Build Your Corporate Culture Facts and Figures       Image courtesy of Stuart Miles at FreeDigitalPhotos.net Read more

It’s Summer! Read the June 2017 issue of The Wealth Architect

Dear Friends, Summer has arrived! It’s official! To quote Henry James, “Summer afternoon-summer afternoon; to me those have always been the two most beautiful words in the English language.” Read this month's issue of The Wealth Architect to further enhance your financial literacy. Remember, in summer, as always, we're here to answer your questions about these and other topics of importance to you and your family. Sincerely, The Professionals at Armao LLP READ THE JUNE 2017 ISSUE OF THE WEALTH ARCHITECT. IN THIS ISSUE: Alternatives ... Read more

Read the June 2017 issue of The Client Information Bulletin

 It's not just for clients ... IN THIS MONTH'S ISSUE: What you need to know about Section 529 plans Roundup of "Dirty Dozen" tax scams Tax mileage for charitable travel Ten moves forward for a second marriage Don't forget about this health care law Facts and figures       Image courtesy of Stuart Miles at FreeDigitalPhotos.net Read more

SAL ARMAO SINGS : TWO BIG WEEKENDS IN JUNE

Three great ways to spend a summer evening! Standards ~ Motown ~ Rock ~ Soul and Everything In Between! FRIDAY, JUNE 23rd PULCINELLA NEAPOLITAN RESTAURANT  746 North Broadway Massapequa 8 PM - Midnight SATURDAY, JUNE 24th SAVINO'S PIZZERIA & WINE BAR 88 Atlantic Avenue Lynbrook 8 PM - 11 PM FRIDAY, JUNE 30th THE BLUE LOUNGE AT VETRO with LINDSAY BROOKE 164-49 Cross Bay Blvd. Howard Beach 9 PM - Midnight Read more

Determining Financial Needs and Wants

All of us, no matter what age, struggle with determining the difference between something we need versus something we want. moneyWhile we may face this struggle in our everyday lives, many people may not realize that we face it when it comes to our money management. Let's take compare some financial needs versus financial wants. Insurance vs. Investments Many people are enamored with what their investments can enable them to achieve-buy a house, retire, pay for education, etc. However, if you ... Read more
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