Category: Retirement

March 20, 2018 Robert Slutsky

Long-term care insurance (LTCi) is an important element of good retirement planning, since it offers financial protection against unexpected illness or disability that would otherwise quickly diminish your savings. However, many LTCi plans are simply too expensive for most retirees or people nearing retirement age, and the costs seem to continue to increase.   At…

February 20, 2018 Robert Slutsky

Older parents are becoming more common. Whether it is societal, educational, maturity or debt related (academic debt), our society, in general is having families later in life, sometimes much later. But later-in-life parents have special estate planning and retirement considerations.   The first consideration is to make sure you have an estate plan and that…

December 26, 2017 Robert Slutsky

Interested in Learning the New Tax Brackets? 1. Standard Deduction: The new tax law changes the standard deduction to $12,000 on single returns, $18,000 for head-of-household filers and $24,000 on joint returns … up from $6,350, $9,350 and $12,700 in 2017.  Individuals age 65 or older and blind people get even higher standard deductions. Two…

November 18, 2017 admin

Is a Roth IRA right for you? A Roth IRA is a different type of IRA and it may work for you.  In its basic form an IRA (Individual Retirement Account) is an account that you can contribute funds free of federal income taxes.  You can contribute up to $5,500 per person (or $6,500 per…

October 6, 2017 admin

What Factors Should You Consider When Utilizing Your Retirement Funds? Today few people have defined benefit pensions anymore.  The vast majority of us now rely on 401(k) or IRA self-directed and self-funded retirement plans.  Not only does this put the risk of investing and having enough money to retire on but it also places upon…