Click to Enlarge IRA Contribution and Income Limits for 2024 and 2025 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). Have Your 401(k), 403(b), 457(b) Account Professionally Managed
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 $257 per year for your Part B deductible. After your deductible is met, you typically pay 20% of the Medicare-approved amount for these: Most […]
Long Term Care University – Question of the Month – 12/15/24 By Aaron Skloff, AIF, CFA, MBA Q: Some insurance companies offer Partnership Qualified long term care insurance policies. Can you explain what that means, what advantages it may provide and details on the Nebraska Long-Term Care Insurance Partnership Program? The Problem – Limited Long […]
Money Matters – Skloff Financial Group Question of the Month – December 1, 2024 By Aaron Skloff, AIF, CFA, MBA Q: With the end of the year quickly approaching, what are some important tax and financial planning measures we can take to reduce our taxes and improve our financial position? The Problem – Year-End Financial Oversights […]
Long Term Care University – Question of the Month – 11/15/24 By Aaron Skloff, AIF, CFA, MBA Q: We read ‘How a Term Life Insurance Policy Can Be Converted to a Permanent Life Insurance Policy That Also Pays for Care’ Part 1. Can you give examples of exercising the extended conversion and chronic illness conversion […]
