Money Matters – Skloff Financial Group Question of the Month – January 1, 2025 By Aaron Skloff, AIF, CFA, MBA Q: We are ready to get serious about our retirement savings in 2025. What are the contribution limits for various retirement accounts in 2025? The Problem – Lack of Retirement Savings Most pre-retirees […]
Click to Enlarge IRA Contribution and Income Limits for 2024 and 2025 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
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 $257 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 – 12/15/24 Research By Aaron Skloff, AIF, CFA, MBA Q: Some insurance companies offer Partnership Qualified long term care insurance policies. Can you explain what that means, what advantages it may provide and details on the Iowa Long-Term Care Insurance Partnership Program? The Problem […]