Money Matters – Skloff Financial Group Question of the Month – February 1, 2020 By Aaron Skloff, AIF, CFA, MBA Q: Even though it is 2020, can we still contribute to Individual Retirement Accounts for 2019? What are the contribution limits, income limits and contribution deadlines for 2019 and 2020? A: The Problem — Foregoing […]
How the Age You Retire Changes Your Social Security Benefits on a $50,000 Salary You can receive Social Security benefits at 62, but you’ll only get the most money if you wait until your full retirement age to collect. Here’s how much you can expect to receive for your monthly Social Security benefit if you […]
Add This Often-Forgotten Task to Your 2020 Financial To-Do List You might want to check your social security statement. Missing years and/or mistakes may reduce your Social Security benefit. And you wouldn’t want to receive less from Uncle Sam than what you are owed. So, if you discover errors and/or mistakes, contact Social Security. Click […]
Trump’s SALT Cap Fuels a Wealth Exodus from High-Tax States Some of the hardest evidence yet indicates that the 2017 Republican tax law is pushing money and people from high-tax U.S. states like New York and New Jersey and into low-tax states including Florida. Click Here for Your Long Term Care Insurance Quotes
Long Term Care University – Question of the Month – 01/15/20 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 […]
