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 […]
