Andrew Ellis (CFA®, CFP, CPA®)

Andrew Ellis focuses in the
following client markets or areas of practice:

Estate & Generational Planning Issues

Hourly

Investment Advice with Ongoing Management

Medical Professionals

Retirement Plan Investment Advice

Retirement Planning & Distribution Rules

Planning Specialties

Performed an annuity analysis for an affluent couple. Helped them to understand their existing annuity had an internal cost of nearly 400 basis points per year. Both accounts were liquidated and invested into a conservative mix of index funds with an annual cost of 6 basis points.

Performed a life insurance “needs analysis” for a middle aged physician. Helped to replace existing whole life policy with a term life policy for a fraction of the cost.

Performed a “needs analysis” for a young family to project both College Expenses and K-12 Private School Tuition and to fully fund 529 College Savings plans at an early age using inherited funds. This will allow the inheritance to grow tax-free forever and to fund the education for four small children.

Helped a family to establish and fund a Donor Advised Fund with existing appreciated assets. This idea eliminated large capital gains tax on the existing funds. The plan also created an enormous tax deduction in the current year, and allows the family to benefit from the new 24,000 Standard Deduction for taxpayers who do not itemize deductions.

Created a SIMPLE IRA plan for a self-employed senior citizen. The plan allows taxpayer to reduce taxable income under the limit and avoid the surcharge on Medicare Part B premiums.

Created a Solo 401(K) plan to allow a self-employed professional to qualify for the New 20% QBI Deduction and to stay under the limit for a Specified Service Trade or Business.

Performed a “returns” analysis on existing pension options to help a couple decide to let their pension grow and to pay current expenses from existing IRA funds instead.

Additional Information

I have included a list of recent 2018 projects:

Helped a self-employed client establish a Solo-401(K) using funds from an existing taxable account. The idea created a current year deduction of 30,000 on a relatively modest income. This deduction reduced provisional income below 32,000. Therefore spouse’s social security benefits are no longer subject to income tax.

Helped an affluent family of five manipulate taxable income downward in order to qualify for subsidies under the Affordable Care Act using a Roth Conversion Strategy. The family received over 30,000 in subsidies that will not be subject to repayment.

Helped a middle income professional with no employees design a personal Defined Benefit Plan allowing for a current year deductible contribution in excess of 100,000. The plan also features an after tax option to allow for another 30,000 to be immediately converted to a Roth IRA.

Helped two families file restricted applications for Social Security. Both were born before 1954.