Click to Enlarge IRA Contribution and Income Limits for 2023 and 2024 Please see these links for articles on Traditional IRAs and Roth IRAs, Backdoor Roth IRAs, Jumbo Roth IRAs, SEP IRAs, SIMPLE IRAs, 401(k)s. Income defined as Modified Adjusted Gross Income (MAGI). Click Here for Your Long Term Care Insurance Quotes
Money Matters – Skloff Financial Group Question of the Month – January 1, 2024 By Aaron Skloff, AIF, CFA, MBA Q: We are ready to get serious about our retirement savings in 2024. What are the contribution limits for various retirement accounts in 2024? The Problem – Lack of Retirement Savings Most pre-retirees […]
Click to Enlarge Part B premiums are based on tax returns from two years earlier. Medicare doesn’t cover long-term care (also called custodial care). Part B Deductible and Coinsurance You pay $240 per year for your Part B deductible. After your deductible is met, you typically pay 20% of the Medicare-approved amount for these: Most […]
Long Term Care University – Question of the Month – 12/15/23 Research By Aaron Skloff, AIF, CFA, MBA Q: We read the Long Term Care University article ‘Traditional Versus Hybrid Life and Long Term Care Insurance’. Can you compare Traditional versus Hybrid Life and Long Term Care (LTC) Insurance premiums paid with a single […]
Money Matters – Skloff Financial Group Question of the Month – December 1, 2023 By Aaron Skloff, AIF, CFA, MBA Q: With the end of the year quickly approaching, what are some important tax and financial planning measures we can take to reduce our taxes and improve our financial position? The Problem – Year-End […]