Entries by Aaron Skloff, AIF, CFA, MBA
Top State Marginal Income Tax Rates 2020
Click to Enlarge Top State Marginal Income Tax Rates 2020 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 […]
The SECURE Act Brings the Biggest Changes to IRAs Since Their Inception – Part 3
Money Matters – Skloff Financial Group Question of the Month – February 1, 2020 By Aaron Skloff, AIF, CFA, MBA Q: We read the articles: ‘Stretch IRA: Avoid Withdrawals and Taxes as Long as Possible’, ‘Roth IRA Conversions’ and ‘The SECURE Act Brings the Biggest Changes to IRAs Since Their Inception – Part 1’ and […]
The SECURE Act Brings the Biggest Changes to IRAs Since Their Inception – Part 2
Money Matters – Skloff Financial Group Question of the Month – February 1, 2020 By Aaron Skloff, AIF, CFA, MBA Q: We read the articles: ‘Stretch IRA: Avoid Withdrawals and Taxes as Long as Possible’, ‘Roth IRA Conversions’ and ‘The SECURE Act Brings the Biggest Changes to IRAs Since Their Inception – Part 1’. We […]
The SECURE Act Brings the Biggest Changes to IRAs Since Their Inception – Part 1
Money Matters – Skloff Financial Group Question of the Month – February 1, 2020 By Aaron Skloff, AIF, CFA, MBA Q: How does the SECURE Act impact our estate planning estate planning financial planning and tax planning? A: The Problem — The SECURE Act radically changes estate planning financial planning and tax planning. The SECURE […]
What Are the IRA Contribution and Income Limits for 2019 and 2020?
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 – CNBC
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 – TheStreet
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 – Bloomberg
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
