Entries by Aaron Skloff, AIF, CFA, MBA

Income Tax and Capital Gains Rates 2019

Money Matters – Skloff Financial Group Question of the Month – March 1, 2019 By Aaron Skloff, AIF, CFA, MBA Q: Our taxes are confusing.  What are the income tax rates and capital gains rates for 2019, following the Tax Cuts and Jobs Act? The Problem – Maze of Tax Rates on Income and Capital […]

Contributing to an IRA for 2018 and 2019

Money Matters – Skloff Financial Group Question of the Month – February 1, 2019 By Aaron Skloff, AIF, CFA, MBA Q: Even though it is 2019, can we still contribute to Individual Retirement Accounts for 2018?  How long do we have to contribute for 2018? A: The Problem — Foregoing Financial Planning and Tax Planning […]

Long Term Care Insurance Tax Benefits 2019 – Long Term Care University

Long Term Care University – Question of the Month – 01/15/19 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 […]

Jumbo Roth IRA 2019

Click to Enlarge   Create a Jumbo Roth IRA with a Tax Free In-Service Withdrawal and Rollover If you are under the age of 50 you can contribute a combined $56,000 to your employer plan ($19,000 Roth plus $37,000 after tax).  If you are 50 or over you can contribute $62,000 ($25,000 Roth plus $37,000 […]

Myth Versus Fact – Medicaid Home Exemption

Click to Enlarge   Myth Versus Fact – Medicaid Home Exemption Myth: Under Medicaid, my home is “exempt”.there’s no cure for Alzheimer’s, there’s no need to plan. Fact: Eligibility criteria include a home equity limit, and, most stats recoup long-term care expenditures from beneficiary estates. Source: U.S. Department of Health and Human Services Click Here […]