Elevate Wealth

Tax credits and tax deductions both help at tax time—but they work differently. Learn how deductions reduce taxable income, how credits reduce your tax bill, and why understanding the difference can lead to real savings. Want a second set of eyes on your tax planning opportunities? Visit elevate-wealth.com and click Let’s Talk.#Taxes #TaxPlanning #ElevateWealthAdvisory Credit or deduction? What&#3...

AGI and taxable income sound similar, but they impact your return in different ways. This episode covers how AGI is calculated, how taxable income is determined, and why lowering AGI can help you qualify for valuable deductions and credits. Have questions about planning moves that may reduce AGI? Visit elevate-wealth.com and click Let’s Talk.#Taxes #TaxPlanning #ElevateWealthAdvisory AGI or taxabl...

What is the standard deduction, and when does it make sense to take it instead of itemizing? This episode breaks down how the standard deduction works, what impacts the amount you can claim, and when itemizing may be worth a closer look. Ready to talk through your specific situation? Visit elevate-wealth.com and click Let’s Talk. What is the standard deduction and why does everyone talk about it?...

Lower taxable income while supporting favorite causes. Deanne Rosso and Rob Fezekas of Elevate Wealth Advisory explain Qualified Charitable Distributions (QCDs) from Traditional IRAs: age rules, eligible accounts, direct-to-charity requirements, annual limits, and how QCDs can satisfy Required Minimum Distributions (RMDs) without increasing taxable income. Key points:-QCD eligibility (age 70½+), a...

What is a Donor-Advised Fund (DAF) and when does it make sense? Elevate Wealth Advisory's Deanne Rosso and Rob Fezekas cover DAF basics, funding options, how grants work, and why “bundling” several years of giving into one tax year can help more households clear the itemizing hurdle while maintaining flexible giving over time. You’ll take away:-DAF structure: fund now, grant later-Which assets...

Can charitable gifts be deducted—and how do you maximize the benefit? Elevate Wealth Advisory's Deanne Rosso and Rob Fezekas explain the itemizing hurdle, how the higher standard deduction interacts with OBBBA’s SALT cap change, and a powerful strategy: donating appreciated assets to avoid capital gains while potentially deducting fair market value. Highlights:-When itemizing beats the standar...

How will the One Big Beautiful Bill Act (OBBBA) affect charitable giving in 2025 and 2026? Elevate Wealth Advisory’s CEO Deanne Rosso and Director of Investment Policy Rob Fezekas break down what matters: the temporary increase to the SALT cap for 2025 and new rules arriving in 2026 (including a limited deduction for non-itemizers and a 0.5% AGI floor for itemizers). Learn what to track this year,...

Before December 31, it’s important to review your retirement contributions to maximize tax savings. In this episode of Elevate Wealth, Deanne Rosso and Ben Hall discuss strategies for making the most of your 401(k), IRA, and other accounts. You’ll learn: ✅ 2025 contribution limits for 401(k)s and IRAs ✅ Catch-up contributions for those age 50+ ✅ How to maximize employer matching opportunities S...

Is a Roth IRA conversion the right move for you this year? In this episode of Elevate Wealth, Deanne Rosso and Ben Hall explain when a Roth conversion can make sense — and when it might not. You’ll learn: ✅ When a Roth conversion is beneficial ✅ How tax brackets affect your decision ✅ Strategies to minimize taxes and maximize growth Want help understanding the right time to do a ROTH IRA conver...

If you’re 73 or older, you may be required to take a Required Minimum Distribution (RMD) before December 31. In this episode of Elevate Wealth, Deanne Rosso and Ben Hall explain what you need to know about deadlines, penalties, and planning strategies. You’ll learn: ✅ Who must take an RMD in 2025 ✅ Exceptions for first-year RMDs ✅ How to avoid penalties and minimize taxes Need help understandin...

Are you taking advantage of all the new tax deductions before year-end? In this episode of Elevate Wealth, Deanne Rosso and Ben Hall discuss opportunities to lower your 2025 taxable income. You’ll learn: ✅ No tax on tips and overtime up to set limits ✅ Auto loan interest deductions for qualifying vehicles ✅ Bonus deductions for seniors age 65+Don’t leave tax savings on the table this year. Are...

Big tax changes are coming in 2025 under the One Big Beautiful Bill. In this episode of Elevate Wealth, Deanne Rosso talks with Ben Hall, Director of Tax Services, about what you need to know. You’ll learn: ✅ 2025 income tax bracket updates ✅ New deductions and credits ✅ How Social Security taxation may be affected We keep hearing about the new One Big Beautiful Bill act, and with it lots of ta...

Confused about when you can sign up for Medicare or make changes? In this episode of Elevate Wealth Advisory, Deanne Rosso and Gary Stoller explain the different Medicare enrollment periods and what they mean for your retirement planning. You’ll learn: ✅ Initial, Annual, and Open Enrollment Periods ✅ Special Enrollment Periods for life changes ✅ How to avoid penalties by enrolling on timeWe hel...

Wondering what Medicare really costs? In this episode of Elevate Wealth, Deanne Rosso talks with Gary Stoller about the different expenses associated with Medicare, including premiums, deductibles, and supplemental coverage. You’ll learn: ✅ Medicare Part A & B costs and deductibles ✅ Medicare Advantage and Medigap options ✅ How prescription drug and dental/vision/hearing coverage factor in...

Choosing between Original Medicare and Medicare Advantage can be confusing. In this episode of Elevate Wealth, Deanne Rosso sits down with Gary Stoller, Director of Wealth Advice, to explain the differences and help you understand your options. You’ll learn: ✅ How Original Medicare and Medicare Advantage differ ✅ Coverage options for hospital care, doctor visits, and prescriptions ✅ Network fle...

Are you approaching retirement or helping a loved one prepare? In this episode of Elevate Wealth, Deanne Rosso, President & CEO of Elevate Wealth Advisory, sits down with Gary Stoller, our Director of Wealth Advice, to break down Medicare basics — what it is, who qualifies, and how it works. You’ll learn:✅ What Medicare is and what it covers✅ Who qualifies for Medicare and when you can enrol...

Yes, your Social Security benefits can be taxed—and many retirees don’t see it coming. In this episode of Elevate Wealth, Deanne Rosso and Brian Rosso explain how Social Security taxation works and how to coordinate income streams to reduce your overall tax burden in retirement. Little known fact, Social Security benefits can be taxed. But how does this impact your retirement income, and what can...

Ever wonder how your Social Security benefits are calculated? It all comes down to your top 35 years of earnings and a formula that most people don’t fully understand. Join Deanne Rosso and Brian Rosso on Elevate Wealth as they explain how your work history, inflation adjustments, and earning credits impact your benefit—and how to make informed decisions. How are Social Security benefits calculate...

Early, full, or delayed? Deciding when to start your Social Security benefits is one of the most important choices in your retirement journey. In this episode of Elevate Wealth, Deanne Rosso and Brian Rosso break down what to consider, including your health, income needs, and whether you plan to keep working. Timing is everything, especially with Social Security. Should you start your benefits ear...

Is Social Security running out of money? Will it still be there when you retire? In this episode of Elevate Wealth, Deanne Rosso and Brian Rosso explore the future of Social Security—what the projections really mean, and how to plan ahead if benefits are reduced in the future. Learn why diversifying income streams is key to building a resilient retirement plan. Don’t leave your retirement to chanc...

People are living longer than ever, but is your retirement plan built to live just as long? Let's explore this today on Elevate Wealth. Hey there, I'm Deanne Rosso, president and CEO of Elevate Wealth Advisory. And one of the biggest financial concerns that you may face in retirement is a long life, and that's actually a really good thing. But outliving your money is a very real concer...

Just when you think your retirement plan is set, life throws a curveball—often from those you love the most. In this episode of Elevate Wealth, President & CEO Deanne Rosso is joined by Wealth Adviser Clarke Holt to talk about how unexpected family dynamics—like supporting adult children or caring for aging parents—can create unplanned pressure on your finances. ✔️ In this video, we explore: –...

Inflation may seem small year to year—but over time, it can quietly eat away at your retirement savings. In this episode, Elevate Wealth Advisory's President & CEO Deanne Rosso and Wealth Adviser Clarke Holt break down how inflation impacts your long-term financial security and what you can do to protect yourself. A retirement plan that doesn’t account for inflation could leave you with le...

Most retirement plans focus on finances—but what about your purpose? In this episode of Elevate Wealth, Deanne Rosso and Clarke Holt from Elevate Wealth Advisory explore the emotional side of retirement. Leaving behind a structured career can feel exciting—until the lack of routine sets in. Many retirees are surprised by feelings of boredom, anxiety, or even depression. But with intentional planni...

Think Medicare has you fully covered in retirement? Think again. In this episode of Elevate Wealth, President & CEO Deanne Rosso is joined by Wealth Adviser Clarke Holt to uncover one of the biggest blind spots in retirement planning: healthcare expenses. From what Medicare doesn’t cover—like dental, vision, and long-term care—to strategies for managing out-of-pocket costs, we’re diving into t...