Long Term Care University – Question of the Month – 01/15/19 Research By Aaron Skloff, AIF, CFA, MBA Q: We read the Long Term Care University article 1035 Tax-Free Exchange and are interested in Hybrid Combination Annuity and Long Term Care (LTC) Insurance policies. Can you review the OneAmerica State Life Annuity Care II Hybrid […]
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 […]
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 […]
Click to Enlarge Maximizing Contributions to Multiple Employer Retirement Plans Then Completing In-Service Withdrawals and Rollovers to Jumbo IRAs The IRS allows you to contribute to multiple employer retirement plans. The IRS places an $19,000 annual limit ($25,000 if age 50 or over) on employee contributions (elective deferrals) cumulatively across 401(k)s and 403(b)s and the […]
Click to Enlarge IRA Contribution and Income Limits for 2018 and 2019 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). Click Here for Your Long Term Care Insurance Quotes