Aaron Skloff, AIF, CFA, MBA, Author at Skloff Financial Group

About Aaron Skloff, AIF, CFA, MBA

Aaron Skloff, Accredited Investment Fiduciary (AIF), Chartered Financial Analyst (CFA) charter holder, Master of Business Administration (MBA), is the Chief Executive Officer of Skloff Financial Group, a Registered Investment Advisory firm. The firm specializes in financial planning and investment management services for high net worth individuals and benefits for small to middle sized companies. He can be contacted at www.skloff.com or 908-464-3060.

Entries by Aaron Skloff, AIF, CFA, MBA

How a Gift Can Be a Tax Dream or a Tax Nightmare – Part 2

Money Matters – Skloff Financial Group Question of the Month – May 1, 2024 By Aaron Skloff, AIF, CFA, MBA Q: We read ‘How a Gift Can Be a Tax Dream or a Tax Nightmare’ Part 1. We are considering gifting assets to our children and/or our parents? What are the tax benefits and detriments […]

How a Gift Can Be a Tax Dream or a Tax Nightmare – Part 1

Money Matters – Skloff Financial Group Question of the Month – May 1, 2024 By Aaron Skloff, AIF, CFA, MBA Q: We are considering gifting assets to our children and parents? What are the tax benefits and detriments of gifting assets? The Problem – How a Gift Can Be a Tax Dream or a Tax […]

How the Kiddie Tax Can Be a Big Tax

Money Matters – Skloff Financial Group Question of the Month – May 1, 2024 By Aaron Skloff, AIF, CFA, MBA Q: Can our family avoid or save on taxes by shifting some of our assets from our accounts to our children’s accounts? The Problem – How the Kiddie Tax Can Be a Big Tax To […]

When Is the Best Time to Convert Your IRA to a Roth IRA? – MarketWatch

When Is the Best Time to Convert Your IRA to a Roth IRA? Converting your IRA to a Roth IRA comes with long-term tax benefits; but in the moment, it can actually generate a high tax bill. Here are the pitfalls to avoid. Click Here for Your Long Term Care Insurance Quotes

Be Aware of These New Rules for Inherited IRAs – Morningstar

Be Aware of These New Rules for Inherited IRAs Tax and IRA expert Ed Slott discusses whether there’s any way to lessen the tax bill. Click Here for Your Long Term Care Insurance Quotes

Tax Benefits of Hybrid Life and Long Term Care Insurance Versus Hybrid Life Insurance with Care Riders 2024 – Part 2 – Long Term Care University

Long Term Care University – Question of the Month – 04/15/24 By Aaron Skloff, AIF, CFA, MBA Q: We read ‘Tax Benefits of Hybrid Life and Long Term Care Insurance Versus Hybrid Life Insurance with Care Riders 2024’ Part 1. Can you give examples of the tax benefits for employers, employees and individuals? The Problem […]

Brace Yourself for Higher RMDs in 2024 – Morningstar

Brace Yourself for Higher RMDs in 2024 Following a banner year in the stock market, investors subject to required minimum distributions could be in for a nasty tax surprise, Ed Slott says. Click Here for Your Long Term Care Insurance Quotes

Income Tax and Capital Gains Rates 2024 – Part 2

Money Matters – Skloff Financial Group Question of the Month – April 1, 2024 By Aaron Skloff, AIF, CFA, MBA Q: We read ‘Income Tax and Capital Gains Rates 2024’ Part 1. Can you give examples of marginal and effective income tax rates? The Problem – Maze of Marginal and Effective Income Tax Rates Looking […]

State Tax Rates on Long-Term Capital Gains 2024

Click to Enlarge State Tax Rates on Long-Term Capital Gains 2024 Effective Top Marginal State Individual Income Tax Rates on Long-Term Capital Gains as of January 1, 2024 Notes: + State taxes capital gains income at a set percentage of the rate that applies to ordinary income. * Statutory top marginal tax rate for long-term […]