I have had a lot of questions about what is Elite Wealth Management and Why It Matters?
Section 6: Social Security Benefits You Need to Know According to a study from the Center on Budget and Policy Priorities, without Social Security income, the estimated poverty rate among seniors would be expected to spike above 40%.1 With Social Security income, however, the senior poverty rate is less than 9%.2 For such an important [...]
If you are over the age of 70 ½, the government requires you to take annual distributions (withdrawals) from your retirement account—a provision known as the required minimum distribution (RMD). Up to a certain amount, these distributions may be made tax-free as long as they are directed to a qualified 501(c)(3) organization, an option [...]
The Privileges of Age: Top Tax Deductions All Seniors and Retirees Need to Know (SECTION 2) Seniors and retirees understand the importance of making every dollar count. One way to do just that is to make sure you don’t miss out on potentially valuable tax breaks. Educating yourself about the tax deductions [...]
The Tax Cuts and Jobs Act: The Challenges, Changes and Historic Legislation That Could Impact Your Tax Bill (SECTION 1) When President Trump signed the Tax Cuts and Jobs Act into law on Dec. 22, 2017, it signified the end of a challenging process of compromise, negotiation and reconciliation between the competing [...]