Entries by Aaron Skloff, AIF, CFA, MBA

Does Your State Tax Social Security Benefits? 2020

Click to Enlarge Does Your State Tax Social Security Benefits? 2020 Twenty-six states and D.C. either have no income tax (AK, FL, NV, SD, TX, WA, WY) or do not include Social Security benefits in their calculation for taxable income (AL, AR, CA, DC, HI, IN, IA, KY, LA, ME, MD, MI, MS, NH, NJ, […]

How the CARES Act Affects Retirement Accounts – Part 2

Money Matters – Skloff Financial Group Question of the Month – April 1, 2020 By Aaron Skloff, AIF, CFA, MBA Q: We read the article How the CARES Act Affect Retirement Accounts – Part 1.  Since we are concerned about financial market volatility, should we take withdrawals from our retirement accounts, then redeposit them in […]

How the CARES Act Affects Retirement Accounts – Part 1

Money Matters – Skloff Financial Group Question of the Month – April 1, 2020 By Aaron Skloff, AIF, CFA, MBA Q: How does the CARES Act impact our estate, financial, retirement tax planning, and particularly retirement accounts? A: The Problem – The CARES Act Brings Big Changes to Retirement Accounts To combat the coronavirus pandemic […]

Top 10 Tips to Reduce Income Taxes and Capital Gains Taxes 2020

Money Matters – Skloff Financial Group Question of the Month – April 1, 2020 By Aaron Skloff, AIF, CFA, MBA Q: We read your article ‘Income Tax and Capital Gains Rates 2020’.  What are your top 10 recommendations to reduce income taxes and capital gains taxes in 2020? The Problem – Taming the Tax Beast […]

Bear Market “Head Fake” Rallies 1937-2007

Click to Enlarge Bear Market “Head Fake” Rallies 1937-2007 The bear runs that began in 2000 and 2007 both had head fakes of more than 20% before ending, Barclays data shows. The biggest bear market head fake came during the bear market that started in 1937, when stocks rallied more than 60% before falling again. […]

The Illinois Long-Term Care Insurance Partnership Program – Long Term Care University

Long Term Care University – Question of the Month – 03/15/20 By Aaron Skloff, AIF, CFA, MBA Q: Some insurance companies offer Partnership Qualified long term care insurance policies. Can you explain what that means, what advantages it may provide and details on the Illinois Long-Term Care Insurance Partnership Program? The Problem – Limited Long […]

History of Market Crashes 1929-2020

Click to Enlarge History of Market Crashes 1929-2020 Bull markets tend to last far longer and generate moves of far greater magnitude than bear markets. Time after time, bear markets have proven to be good buying opportunities for long-term investors. Click Here for Your Long Term Care Insurance Quotes

Bull and Bear Markets 1932-2020

Click to Enlarge Bull and Bear Markets 1932-2020 Bull markets tend to last far longer and generate moves of far greater magnitude than bear markets. Time after time, bear markets have proven to be good buying opportunities for long-term investors. Click Here for Your Long Term Care Insurance Quotes