- Tax Planning
- Charitable GivingThe act has many major focuses, including: “Recovery Rebates” intended to directly infuse taxpayers with cash payments, significant expansion of unemployment benefits, significant changes to health insurance requirements/Medicare/medical tax deductions, changes in the rules and consequences of loans and withdrawals from retirement accounts (including completely suspending Required Minimum Distributions for 2020), a moratorium on foreclosures and evictions for Federally backed mortgages, changes to tax deductions for charitable contributions, relief for Federal student loan holders, and relief for small businesses as well as measures to encourage and incentivize them to continue to pay employees. The final act was 880 pages, so many of the details have yet to be fully understood, but overall it should provide a much needed boost to the countless families directly impacted, and hopefully will help soften the overall blow to the economy that otherwise might have left us in a severe recession or worse.
- Estate Taxes
- Tax Services
- Tax Deductions
- Income Tax
- Investment Management
- Wealth ManagementTraci’s career in the financial services industry began when she joined Advanced Wealth Management for a summer job while she was attending college.
- Accounting Services
- Payroll Services
- Financial PlanningThrough the financial planning process we consider your holistic financial health, not just one or two aspects of it. As a result, we help different people in different ways, based on their unique situations and goals. Below you will find a few of the more common areas we help people with, but these are just a starting point.
- Retirement PlanningBob grew up in the Portland area and is a US Army veteran. He graduated from the University of Washington but is loyal to the Oregon schools. He earned his law degree but after two years discovered he enjoyed law school more than the practice of law. He entered the financial services industry in 1982, and in 1989 founded the firm that has become Advanced Wealth Management. In 1999 he affiliated with Commonwealth Financial Network. He found that his legal background provided excellent training for estate planning, retirement planning, and advanced planning matters.