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
Money Matters – Skloff Financial Group Question of the Month – January 1, 2019 By Aaron Skloff, AIF, CFA, MBA Q: We are ready to get serious about our retirement savings in 2019. What are the contribution limits for various retirement accounts in 2019? The Problem – Lack of Retirement Savings Most pre-retirees recognize they […]
Click to Enlarge Myth Versus Fact – Saving for Long Term Care Costs Myth: I can save enough on my own to cover the costs. Fact: Less then 1/3 of Americans 50+ have begun saving for long-term care. It can be expensive and may endanger your retirement and other savings. Source: U.S. Department of Health […]
Click to Enlarge Myth Versus Fact – Planning for Alzheimer’s Myth: Since there’s no cure for Alzheimer’s, there’s no need to plan. Fact: Planning ahead has real benefits for you and your loved ones. Source: U.S. Department of Health and Human Services Click Here for Your Long Term Care Insurance Quotes
Click to Enlarge Part B premiums are based on tax returns from two years earlier. Medicare doesn’t cover long-term care (also called custodial care). Part B Deductible and Coinsurance You pay $185 per year for your Part B deductible. After your deductible is met, you typically pay 20% of the Medicare-approved amount for these: Most […]
