Entries by f2819644

Inherited IRAs and Stretch IRAs – Independent Press – 08/04/10

    The Independent Press Money Matters – Skloff Financial Group Question of the Month – August 4, 2010 Can Families Inherit a Traditional IRA? By Aaron Skloff, AIF, CFA, MBA Q: Can my family inherit my Traditional Individual Retirement Account (IRA)? If so, are there any advantages to avoiding withdrawals from my IRA? A: […]

Retirement Account Beneficiary Designations – Independent Press – 07/07/10

    The Independent Press Money Matters – Skloff Financial Group Question of the Month – July 7, 2010 An Inheritance Shocker By Aaron Skloff, AIF, CFA, MBA Q: My husband of 20 years passed away earlier this year. Even though we updated our wills just before his passing, his ex-wife now claims she owns […]

Why You Shouldn’t Convert to a Roth IRA – Wall Street Journal – 06/14/10

    The Wall Street Journal June 14, 2010 Why You Shouldn’t Convert to a Roth IRA By Annie Gasparro Comments June 14, 2010 Traditional IRA holders are not taxed on the post-tax value of their conversions. For example, the conversion of a $20,000 traditional IRA with $20,000 of post-tax contributions would not be taxed. […]

Clark Howard on Long Term Care Insurance

Clark Howard : HLN: Don’t Burden Your Kids Steve and Sonja want to know about long-term care insurance for their future. HLN Money Expert Clark Howard steps in. “You want inflation protection in the policy.” “In many states there are special policies you can buy that are very affordable that if you buy one the […]

Boosting 401(k) Performance – Independent Press – 06/02/10

    The Independent Press Money Matters – Skloff Financial Group Question of the Month – June 2, 2010 By Aaron Skloff, AIF, CFA, MBA Q: Can gaining help with my 401(k) really improve my performance and optimize my risk? A: Yes. In a recent study based on nearly 400,000 401(k) participants, the average participant […]

Long Term Care Insurance Hybrid Combination Life and Annuity Policies – The Independent Press – 05/05/10

    The Independent Press Money Matters – Skloff Financial Group Question of the Month – May 5, 2010 By Aaron Skloff, AIF, CFA, MBA Q: If I purchase a life insurance policy or annuity with built-in long-term care insurance benefits do I gain any tax benefits? What are the advantages and disadvantages of such […]

Workers Struggle to Deal With Changes to 403(b) Plans – Wall Street Journal – 05/03/10

    The Wall Street Journal May 3, 2010 Taxes: What’s New This Season Seven changes that could make a big difference to your bottom line. By Eleanor Laise Comments May 3, 2010 Over the last two years, many 403(b) plan sponsors were convinced they should require every vendor to sign one Information Sharing Agreement […]

Small Investors Pay the Price with Big Wall Street Firms

New Fees for Small Investors at Big Wall Street Firms Destroy Wealth Investment News – MSSB Hits Small Accounts With New Fees – 04/19/10 According to advisers at the firm, which fields the world’s largest retail brokerage force at about 18,000 brokers, the changes include: • Payouts on household accounts under $100,000 are limited to […]

New Strategies for Long-Term Care – Wall Street Journal – 04/17/10

    The Wall Street Journal Weekend Investor – Family Value – April 17, 2010 New Strategies for Long-Term Care By Kelly Greene Comments April 17, 2010 Effective January 1, 2010, the Pension Protection Act (PPA) of 2006 permits tax free distributions from various insurance products to pay for long term care insurance.  In order […]

Long Term Care Insurance Return of Premium – Long Term Care University – 04/15/10

    Long Term Care University – Question of the Month – 04/15/10 Research By Aaron Skloff, AIF, CFA, MBA Q: What happens if I pay for long term care insurance for the rest of my life, pass away, and never use the benefits of my policy?  Will my heirs receive a fund of the […]