The Independent Press Money Matters – Skloff Financial Group Question of the Month – March 5, 2014 By Aaron Skloff, AIF, CFA, MBA Q: Through diligent savings and 401(k) rollovers we’ve accumulated large pre-tax Individual Retirement Accounts (IRAs). What are the implications of converting them into Roth IRAs? The Problem — Taxes on Withdrawals from […]
Psst…the Backdoor Route to a Roth IRA High earners can’t contribute directly to popular Roth individual retirement accounts. But there’s still a way in. We explain a simple two-step strategy that works for many people. WSJ’s Karen Damato explains. You can’t contribute to a Roth IRA if your income is… over $191,000 married, filing jointly […]
Long Term Care University – Question of the Month – 02/15/14 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 if the California Partnership for Long Term Care is unique? The Problem – Limited […]
The Independent Press Money Matters – Skloff Financial Group Question of the Month – February 5, 2014 By Aaron Skloff, AIF, CFA, MBA Q: Even though it is 2014, can we still contribute to Individual Retirement Accounts for 2013? A: The Problem — Foregoing Financial Planning and Tax Planning Strategies for 2013 Assuming financial planning […]
Long Term Care University – Question of the Month – 01/15/14 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 if the Connecticut Partnership for Long Term Care is unique? The Problem – Limited […]
The Independent Press Money Matters – Skloff Financial Group Question of the Month – February 5, 2014 By Aaron Skloff, AIF, CFA, MBA Q: We are ready to get serious about our retirement savings in 2014. What are the contribution limits for various retirement accounts in 2014? A: The Problem — Lack of Retirement Savings […]
