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 […]
Click to Enlarge IRA Contribution and Income Limits for 2020 and 2021 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). Have Your 401(k), 403(b), 457(b) Account Professionally Managed
Missing Top-Performing Days Can Hurt Your Return Hypothetical Investment of $100,000 in the S&P 500 Index Over the Last 20 Years (2001–2020) The graph below shows how a hypothetical $100,000 investment in stocks would have been affected by missing the market’s top-performing days over the 20-year period from January 1, 2001 to December 31, 2020. […]
Money Matters – Skloff Financial Group Question of the Month – January 1, 2021 By Aaron Skloff, AIF, CFA, MBA Q: We are ready to get serious about our retirement savings in 2021. What are the contribution limits for various retirement accounts in 2021? The Problem – Lack of Retirement Savings Most pre-retirees recognize they […]
