Frequently Asked Questions

Elite Wealth Strategies is an independent financial advisory firm founded on a simple idea; Financial Success doesn’t happen by accident, it’s the result of sound planning and prudent decision making. At Elite Wealth Strategies we collaborate with you to create that plan, a plan unique to you and your goals. This means that you have a partner for today and tomorrow to guide you through tough decisions and make your plan your reality. Unbiased advice is sound advice and being an independent firm, that is exactly what we are able to provide.

  • We believe in complete transparency of fees and cost. You should never have to guess how much you are paying your advisor. Our fee structure is clear and defined and puts us on the same side of the table as you.
  • No matter where you are on your financial journey our process begins with a financial plan. Take the first step today, we look forward to speaking with you.

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    Financial Planning

  • Retirement Projections
  • Cash Flow Management
  • Savings Strategies

    • Investment Management

  • Retirement Accounts
  • Brokerage Accounts
  • Trust Accounts

    • Estate Planning

    Tax Planning

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    It is never too early to start planning, but it can sometimes be too late. We recommend planning before entering retirement. This can help you avoid costly mistakes and make impactful adjustments. Whether you are just starting your career or preparing to enter retirement, we can help you plan for what is to come in the future.


    We are a fee-only financial planning firm. We have two cost structures based on the services needed.

    AUM (Assets Under Management)

  • When we work with clients who need ongoing financial planning and asset management, we charge a fee based on the amount of assets under management. The fee is a percentage of the assets and decreases as account sizes increase. Our fees are competitive to industry standards and represent a great value for the servies provided.

    • Financial Planning Fee

  • When we work with clients who do not want to have their assets professionally managed but do want to have ongoing financial planning, we will charge only a financial planning fee. The amount of the fee is based on the complexity of your situation and ranges from $100-$300 per month.

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    As an independent financial advisory firm, we have access to a wide range of different investment vehicles and are not limited to proprietary products as some of our competitors are. These products include:

  • Mutual Funds
  • Exchange Traded Funds (ETF’s)
  • Real Estate Investment Trusts (REITs)
  • Stocks
  • Bonds

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    How much you should save for retirement is something that is entirely dependent upon you and your lifestyle. Typically, it is recommended to save at least 15% of your gross income for retirement purposes. However, this number can be higher or lower based on your situation. If you are unsure of how much you are currently savings or if you should save more or less, contact us and we can help you determine what is right for you.


    There are several factors that go into when you should start collecting your Social Security benefit. These factors include; age, benefit amount, working status, spousal status, need, and life expectancy, among others. As a part of our ongoing financial planning process, we will help you weigh the different options available and what the benefits would be to taking your Social Security at any given age.


    There are several benefits to rolling your retirement account into an IRA. A few of these benefits are increased investment options and increased flexibility, while still maintaining favorable tax treatment. However, if you are still working at the employer who sponsored your retirement account, there are certain criteria that need to be met for you to be eligible to roll your funds into an IRA. Additionally, it is important to make sure that you are still savings into your retirement account, even if you roll the balance over. To see if rolling your retirement account into an IRA would be right for you, contact our office and we can help you make that decision.


    Roth IRAs are great retirement planning tools. They allow you to save for retirement with after tax dollars and grow those funds tax free. What makes a Roth IRA unique when compared with a Traditional IRA, is that when you take the principal and growth out of the account at retirement age, it is 100% tax free. For clients who qualify, we often recommend opening a Roth IRA and starting funding the account with an amount that is comfortable for the client. Even a small monthly contribution can improve your retirement outlook. Not everyone qualifies for a Roth IRA, there are income restrictions that could prevent you from saving into one. To see if you qualify for a Roth IRA and if it would be right for your plan, contact our office, we are happy to help.


    RMD’s are required minimum distributions from your qualified retirement accounts. After enjoying many years of tax-deferred growth, the IRS requires that you start taking RMD’s from your retirement accounts and begin paying taxes on the portion you are required to withdraw. Currently, the age that RMD’s start is age 72, and recently it was increased to 73 for those who turn 72 after December 31st, 2022. Often times, when clients hit RMD age, one of two things is already taking place.

  • They are already taking income out of their retirement accounts that is larger than their RMD. In this case, no change applies.
  • They already have sufficient retirement income and do not need the RMD. If this is the case, we recommend meeting with us to determine what the best use for your unused RMD would be. There are several options available, all of which depend heavily on what you want to happen with your money and lifestyle.

    • When considering taking a loan from your retirement account, you will need to start by reviewing the plan rules. Many retirement plans do allow for partial loans and hardship withdrawals. We assist many of our clients in reviewing their plan documents to determine if this is an option. For assistance on this, contact our office. We are happy to help you determine all of the options available for financing and which would be the most advantageous for you.


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    Check the background of your financial professional on FINRA's BrokerCheck. FINRA - SIPC - Osaic Wealth Form CRS The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. Some of this material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named representative, broker - dealer, state - or SEC - registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. We take protecting your data and privacy very seriously. As of January 1, 2020 the California Consumer Privacy Act (CCPA) suggests the following link as an extra measure to safeguard your data: Do not sell my personal information. Securities and investment advisory services offered through Osaic Wealth, Inc. (Osaic Wealth), member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. Osaic Wealth does not provide tax or legal advice. Osaic Wealth Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the following states (registrations vary by individual representative): AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NH, NJ, NM, NV, NY, OH, OK, OR, PA, SC, SD, TN, TX, UT, VA, VT, WA, WI, and WV.
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