Did you turn 73 in 2024? Don’t miss your first RMD deadline! ?? Key Deadlines: 1. April 1, 2025: Final deadline for your 2024 RMD ?? ?? NOTE—Only applies if you didn’t take it in 2024 ?? Based on December 31, 2023, account balance 2. December 31, 2025: Deadline for your 2025 RMD ?? Based on December 31, 2024, account balance ?? Important Notes: ??Applies to traditional IRAs, 401(k)s, 403(b)s, and other tax-deferred accounts ??Roth IRAs are exempt during your lifetime ??Current employer 401(k) may be exempt if still working ?? Caution: Failing to take the full RMD can result in a 25% penalty on the amount not withdrawn (reducible to 10% if corrected promptly). An effective RMD strategy is key to optimizing your retirement income. Partner with a financial professional to create a distribution strategy that manages taxes and aligns with your long-term goals. Remember, once you turn 73, you must take RMDs from your 401(k) or other defined contribution plans in most cases. Withdrawals from these plans are taxed as ordinary income and may be subject to a 10% federal income tax penalty if taken before age 59?. With a Roth IRA, to qualify for the tax-free and penalty-free withdrawal of earnings, Roth IRA distributions must meet a 5-year holding requirement and occur after age 59?. Tax-free and penalty-free withdrawals can also be taken under certain other circumstances, such as the owner’s death. The original Roth IRA owner is not required to take minimum annual withdrawals. #RetirementPreparation #RMDs #PersonalFinance
Elevated Wealth Management Group
金融服务
Mesa,Arizona 71 位关注者
Our Mission is to Elevate and Empower our clients, team, and community to achieve what matters most!
关于我们
We understand that it's not just about finances; it's about the dreams, aspirations, and legacies you wish to create. As successful business owners ourselves, we recognize the complexity of the journey to financial freedom. We've navigated the many avenues to get there, and we're committed to helping you do the same. Our mission is to empower and elevate our clients to achieve what matters most. Family is at the heart of everything we do. Just as we cherish our own families, we are dedicated to helping you secure yours. We're also deeply committed to giving back to our community and organizations that make a positive impact on the world. We strive to be more than financial advisors; we're partners in your financial success and your pursuit of a fulfilling life. Securities and advisory services offered through Commonwealth Financial Network?, Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services are separate from and not offered through Commonwealth Financial Network . The Financial Advisor associated with this profile may only discuss or transact business with residents of states in which they are properly registered. Please check FINRA’s Broker Check for a list of current registrations. Review our Terms of Use: https://www.commonwealth.com/termsofuse.html. Elevated Wealth Management Group is located at: 809 W Riordan Rd, Suite 206, Flagstaff Az 86001 117 E Main St, Suite F101, Payson Az 85541 955 E Javelina Ave, Suite B114, Mesa Az 85204 982-476-7282 [email protected]
- 网站
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www.elevatedwmg.com
Elevated Wealth Management Group的外部链接
- 所属行业
- 金融服务
- 规模
- 2-10 人
- 总部
- Mesa,Arizona
- 类型
- 自有
- 创立
- 2019
- 领域
- Financial Planning、Wealth Management、Investment Management、Peer to Peer Consulting、Business、Business Planning、Retirement Plan Consulting和Asset Manegement
地点
Elevated Wealth Management Group员工
动态
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Ever wonder who’s really managing America’s wealth? The answer might surprise you. ?? 49% of women now serve as their households’ financial decision-makers, up from 41% in 2021! To put that in perspective: Before 1974, women often couldn’t even open a bank account without a male co-signer. Today, they’re projected to control $34 trillion in U.S. investable assets by 2030. What makes women exceptional financial leaders? Research shows they: ??Tend to take a more patient approach to investment decisions ??Maintain strategies during market volatility ??Champion sustainable and socially responsible investments ??Know when to seek guidance Women’s History Month is a powerful reminder of women's progress in pursuing financial independence and leadership. As more women take control of their financial futures, opportunities to help build lasting wealth, create financial strategies, and shape meaningful legacies have never been greater. See more at: https://lnkd.in/ggFrXs5H #WomensHistoryMonth #WomenInFinance #FinancialEmpowerment
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? Final Reminder: Medicare General Enrollment Ends March 31! The general enrollment period (GEP) is the chance of enrolling in Medicare if you missed doing so when you first became eligible (the initial enrollment period [IEP]). ?? What’s the difference between the IEP and the GEP? ?? Initial Enrollment Period (IEP): ??Who: New Medicare-eligible individuals (turning 65 or newly disabled) ??When: A seven-month window—three months before, the month of, and three months after your 65th birthday ??What: Enroll in Part A (hospital coverage) and/or Part B (outpatient care and other medical services), with the option to add Part C (Medicare Advantage) or Part D (Prescription Drugs) ?? General Enrollment Period (GEP): ??Who: Anyone who missed their IEP and doesn’t qualify for a special enrollment period ??When: January 1–March 31 each year ??What: Enroll in Part A and/or Part B only. You must wait for the next enrollment window to add Part C/Part D. ? Take Action Before March 31st: 1. Review Your Coverage Needs: Decide if you need Part A, Part B, or both 2. Enroll Today: Visit ssa.gov or call your local Social Security office 3. Plan Ahead: Mark your calendar for the next chance to add Part C or Part D We have some resources at our offices if you have questions about navigating Medicare. #Medicare #HealthcareCoverage #Retirement
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? ? Spring Forward This Sunday! ?? Daylight saving time starts Sunday, March 9—don’t forget to set your clocks forward one hour. Here’s to longer, brighter days ahead! #DaylightSavingTime #SpringForward #MoreSunshine
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?? Happy Employee Appreciation Day! ?? Today, we celebrate the incredible team that drives our success. As financial professionals, we know that serving our clients and running a strong business is only possible because of our team's hard work, dedication, and talent. To our employees—and to the hardworking teams everywhere—your commitment, passion, and drive make all the difference. Thank you for everything you do! #EmployeeAppreciationDay #Gratitude #Teamwork #FinancialProfessionals
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Many groundbreaking women have this in common: someone saw her potential before she did and took the time to nurture their talents. This Women’s History Month, we’re celebrating the ripple effect of mentorship. It’s the manager who advocated for your first leadership role: maybe it was the professor who pushed you to think bigger or the colleague who helped you find your voice in the boardroom. But it's also the quiet moments: coffee chats that turned into career guidance, candid conversations about impostor syndrome, and the "you've got this" texts before big presentations. Who was that person for you? Tag a woman who helped you grow, or share how you're paying it forward. #WomensHistoryMonth #WomenInLeadership #PayItForward
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? Business Owners: The Federal Tax Deadline is March 17 Key Filing Requirements: S Corporations: ??File Form 1120-S to report income, deductions, and credits ??Distribute Schedule K-1s to shareholders Partnerships: ??File Form 1065 to report business income ??Distribute Schedule K-1s to partners Extension Option: ??File Form 7004 for a six-month extension ??If they extended, the new deadline would be September 15, 2025 ??Note: An extension only extends the filing deadline, not the payment due date With the March 17 deadline approaching, double-check all documentation for accuracy and completeness. If you anticipate any issues meeting the deadlines, consult with your tax, legal, or accounting professional and consider filing for an extension. #BusinessTaxes #TaxDeadline #PersonalFinance
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?? Today is National Read Across America Day, a reminder of the lifelong value of reading. As financial professionals, we constantly read to stay informed about markets, strategies, and trends so that we can better guide our clients. But beyond the numbers, we also turn to books for personal growth, fresh perspectives, and even a little inspiration. What are you reading right now—for business or for pleasure? We’d love to hear what’s on your reading list. #ReadAcrossAmerica #FinancialWellness #LifelongLearning
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Here's a stunning fact: Over 29 million forgotten retirement accounts hold nearly 1.65 trillion dollars in the U.S. With frequent job changes, it’s easy for retirement accounts to get lost. Left unattended, they can even be turned over to the state as unclaimed property. Here’s how to find them: 1?? Check with past employers. HR or plan administrators can provide account details. 2?? Search online tools like the National Registry of Unclaimed Retirement Benefits or MissingMoney.com. 3?? Use state or federal resources to track unclaimed funds. ?? Good news: The SECURE Act 2.0 has directed the Department of Labor to create a comprehensive, searchable database to make locating lost retirement accounts easier than ever. This tool is expected soon. If you or anyone you know has questions about potential missing retirement accounts, please don’t hesitate to contact us. #RetirementStrategy #401k #FinancialWellness #SecureAct
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