Long Term Care University – Question of the Month – 08/15/23 By Aaron Skloff, AIF, CFA, MBA Q: We read the Long Term Care University article ‘Traditional Versus Hybrid Life and Long Term Care Insurance’. Some of the long term care insurance policies we are researching have shared care benefits. What is the difference between Shared Traditional […]
Click to Enlarge A 65-year-old couple is estimated to spend $315,000 in health care costs in retirement if they have Medicare Parts A, B and D. This excludes Long Term Care costs. – Fidelity Investments, 2023 Just 4 years of Long Term Care with a home health aide at the age 80 would cost $805,000. […]
Money Matters – Skloff Financial Group Question of the Month – August 1, 2023 By Aaron Skloff, AIF, CFA, MBA Q: We read ‘Pre-tax Versus Roth Employer Contributions to Retirement Accounts – Which Is Better?’ Part 1. Can you give us examples of contributions today versus withdrawals in the future? The Problem – Tax-free Roth […]
Long Term Care University – Question of the Month – 07/15/23 By Aaron Skloff, AIF, CFA, MBA Q: We read the Long Term Care University article ‘Traditional Versus Hybrid Life and Long Term Care Insurance’ and prefer the Hybrid Long Term Care Insurance (LTC) policy. Can you please review the Nationwide CareMatters Together Hybrid Life and […]
Money Matters – Skloff Financial Group Question of the Month – July 1, 2023 By Aaron Skloff, AIF, CFA, MBA Q: We are evaluating whether to take pre-tax employer contributions or Roth employer contributions to our retirement accounts, including 401(k)s, 403(b)s, 457(b)s and IRAs. Which is a better choice for contributions and withdrawals? The Problem – Determining […]
Click to Enlarge Take Pre-Tax Employer Contributions Versus Roth Employer Contributions Take Pre-Tax employer contributions instead of Roth employer contributions if your current income tax bracket is higher than your future lower income tax bracket. Withdrawals will be taxed at 20%. Click Here for Your Long Term Care Insurance Quotes
Click to Enlarge Take Roth Employer Contributions Versus Pre-Tax Employer Contributions Take Roth employer contributions instead of Pre-Tax employer contributions if your current income tax bracket is lower than your future higher income tax bracket. Withdrawals will be tax free. Click Here for Your Long Term Care Insurance Quotes
