Blog Archives - Elevate Wealth Advisors

Category: Blog

2021 Year-End Planning for Retirees

October 21, 2021 Blog 0
2021 Year-End Planning For Retirees.

For some, 2021 has flown by—and as we approach the last quarter of the year, it’s a good time to begin planning for the next one. Year-end planning is especially important for retirees and those hoping to retire in 2021 or 2022. There are tax and income strategies you might consider regarding your financial assets.… Read more

Inherited IRAs: What You Should Know

September 23, 2021 Blog 0
Inherited IRA's What You Should Know.

The rules and consequences of IRA beneficiary arrangements are complex The rules pertaining to Individual Retirement Account (IRA) beneficiaries can be complicated. Here is a quick look at the limitations the Internal Revenue Service (IRS) places on the beneficiaries of IRAs. The biggest difference in the rules pertaining to IRA beneficiaries revolves around two separate… Read more

Retirement Confidence Remains Strong, Despite Pandemic

July 27, 2021 Blog 0

Despite the economic shock of the coronavirus pandemic, American workers and retirees remain largely optimistic about their financial prospects for retirement. In its annual Retirement Confidence Survey conducted in January 2021, the Employee Benefit Research Institute (EBRI) found that 80% of retirees and 72% of workers were either very or somewhat confident in their ability… Read more

The Great Wealth Transfer: Is Your Family Prepared?

June 22, 2021 Blog 0

Over the next twenty years, a wealth transfer will occur that exceeds $30 trillion as the Baby Boomer generation passes the remainder of their wealth to the Millennials and subsequent generations. The Baby Boomers (born 1946-1964) are considered the wealthiest generation, currently controlling 70% of the disposable income in the United States. It is imperative… Read more

Donor-Advised Funds: A Solution to Gifting with Tax Benefits

June 15, 2021 Blog 0

Gifting, for many investors, is about the philanthropic support they want to give charities. Gifting to help make the world better by benefitting society is one reason many families choose to donate. The charitable giving tax deduction they received in the past was a bonus. The above-the-line deduction for charitable giving is $300 per calendar… Read more

What Should Grandparents Know About 529 Savings Accounts?

May 27, 2021 Blog 0

Grandparents can often find themselves in a better financial position to save for their grandchildren’s education than their own children are. The parents of prospective students may still be contending with competing priorities like their own student loans, high-interest credit card debt, or a hefty mortgage. One way to help save for a grandchild’s college… Read more

Death Certificates – How many do I need to order?

May 17, 2021 Blog 0

Executive Summary: National Average suggest 6 – 10. However, advice varies. We have seen suggestions that say start with 2-3. It really depends on the person. The more financial concerns, the more death certificates that will be needed. In Oregon, the cost is $25 per certificate and a one-time $20 filing fee. It is possible… Read more

Facing Down the Fear of Running out of Money

March 22, 2021 Blog 0

Tips to avoid one of the biggest retirement worries that all of us will face Retirement is a major milestone that brings many life changes. One thing that doesn’t change for most people: the fear of running out of money. In fact, one of the most frequently reported retirement worries is outliving savings and investments.… Read more

Retirement Planning: To Roth or Not to Roth?

March 22, 2021 Blog 0

When saving for retirement, it often makes sense to contribute to employer-sponsored retirement plans to take advantage of any available employer match opportunities. However, not everyone has access to an employer-sponsored plan. Even if you do, there are reasons you may want to consider using Traditional and/or Roth IRAs to supplement your retirement savings. There… Read more

Creating an Income Plan While in Retirement

March 22, 2021 Blog Uncategorized 0

Taking money out of retirement without a plan is a recipe for trouble You‘ve saved for years. Now that you are retired, did you create an income plan from your savings? The financial industry and media constantly talk about the need to save for retirement. Put money into your 401(k), contribute to your individual retirement… Read more