Money Matters – Skloff Financial Group Question of the Month – March 1, 2017 By Aaron Skloff, AIF, CFA, MBA Q: Even though it is 2017, can we still contribute to Individual Retirement Accounts for 2016? How long do we have to contribute for 2016? A: The Problem — Foregoing Financial Planning and […]
Dear Dave, My mom is 73-years-old, and she’s dealing with depression and a few other mental health issues. Is it too late for her to get long-term care insurance? -Julie It wouldn’t be a big problem if she were healthy. But given her age, and the other struggles you mentioned, I’d check with a good […]
Learn How to Plan Now for Long-Term Care During Your Retirement Years A 65-year-old couple will need an estimated $260,000 to pay for unreimbursed medical expenses through their retirement years, and that doesn’t include long-term care, which seven in 10 people are likely to need in their lifetime. TODAY financial editor Jean Chatzky has […]
Click to Enlarge On average, taxes take a larger percentage of the incomes of people with higher earnings, so the after-tax earnings premium is somewhat smaller than the pretax earnings premium. In 2015, median earnings of bachelor’s degree recipients age 25 and older with no advanced degree working full time were $24,600 (67%) higher than those […]
Money Matters – Skloff Financial Group Question of the Month – January 1, 2017 By Aaron Skloff, AIF, CFA, MBA Q: We are ready to get serious about our retirement savings in 2017. What are the contribution limits for various retirement accounts in 2017? The Problem – Lack of Retirement Savings Most pre-retirees […]