Why Is Short Selling Legal? When a stock rises, all of its investors turn a profit, right? That’s not the case for short-sellers, who look for profit by betting against the success of a company or the market. The recent events surrounding Tesla, Reddit, Robinhood and Gamestop’s short squeeze have put short selling under the […]
Click to Enlarge Top State Marginal Income Tax Rates 2021 Note: (*) State has a flat income tax. (**) State only taxes interest and dividends income. Map shows top marginal rates: the maximum statutory rate in each state. This map does not show effective marginal tax rates, which would include the effects of phase-outs of […]
Money Matters – Skloff Financial Group Question of the Month – February 1, 2021 By Aaron Skloff, AIF, CFA, MBA Q: Even though it is 2021, can we still contribute to Individual Retirement Accounts for 2020? What are the contribution limits, income limits and contribution deadlines for 2020 and 2021? A: The Problem — Foregoing […]
Long Term Care University – Question of the Month – 01/15/21 By Aaron Skloff, AIF, CFA, MBA Q: Can long term care insurance be offered as a company benefit to all or a limited number of our employees? If so, are there any tax advantages for employers or employees? Are there tax advantages for individuals […]
Click to Enlarge 16 Million – Americans provide unpaid care for people with Alzheimer’s or other dementias $244 Billion – Value of caregivers providing an estimated 18.6 billion hours of care 6th – Alzheimer’s disease is one of the leading causes of death in the U.S. 5 Million Americans are living with Alzheimer’s Click Here […]
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 $203 per year for your Part B deductible. After your deductible is met, you typically pay 20% of the Medicare-approved amount for these: Most […]
