Duane Bolinger
Duane Bolinger began his career in the financial services industry in 2007 with Beneficial Financial Group. During the past 19 years, he has helped hundreds of families, individuals, and business owners map out their financial plans. Duane started Eldon Reese Advisory Group in 2022 to provide more options, services, and flexibility to his clients, many of whom have been with him from the very beginning.
As the founder and Lead Advisor at Eldon Reese Advisory Group, Duane assists clients in discovering, implementing, and monitoring their path to financial independence. He values independence, accountability, and responsibility and works every day to ensure that each person who works at Eldon Reese demonstrates these core values.
Duane holds a Bachelor of Science in Economics and Mathematics from Portland State University. After graduating in 1997, he pursued a retail management career with Safeway Stores and Target. Inspired by a desire to put his economics/math degree to work while creating more flexibility in his work schedule, Duane decided to strike a new path and build a financial services business.
Together with his wife, Wendy, he enjoys traveling for business or to visit the families of their five children and many grandchildren. In his spare time, Duane enjoys golf, landscape projects (not maintenance), and hiking.
Feel free to reach out to Duane if you have planning, investment, or strategy questions; he will be happy to assist.
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What to know about the new Trump Accounts
What is a Trump account? Who is eligible? How do I open a Trump account? When will these accounts be available? What are the contribution rules? What are the investment rules? What are the withdrawal and tax rules? How do Trump accounts fit into family financial planning?
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Understanding Your Life Insurance Options
Life insurance comes in two main categories: term and permanent. Term life insurance provides coverage for a set period of time (usually 10 to 30 years) and is generally more affordable. On the other hand, permanent life insurance covers you for your entire life and includes various types like whole life, universal life, and variable…
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Unlocking Tax-Free Retirement: Exploring the Benefits of Roth IRA Conversions
Does it ever make sense to pay taxes on retirement savings sooner rather than later? When it comes to a Roth IRA, the answer could be yes. Unlike traditional IRAs, Roth IRAs are funded with after-tax dollars, and qualified withdrawals are entirely tax-free. Moreover, they offer the flexibility of no required minimum distributions (RMDs), providing…
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Essential Estate Planning Documents Everyone Should Have
When it comes to planning for the future, having the right estate planning documents in place can provide peace of mind and ensure your wishes are carried out effectively. Here are five key documents you should consider including in your estate plan: Planning Your Estate for Peace of Mind While estate planning can be daunting,…
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Smart Giving: 3 Strategies for Wise Gifting
Understanding how to strategically gift can be a game-changer for families and individuals aiming to minimize their tax obligations and help those that they care about the most. Here are 3 strategies to consider: Every year, individuals can gift up to a certain amount to as many people as they want without incurring gift tax.…
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An Introduction to Irrevocable Life Insurance Trusts (ILITs)
An ILIT, short for Irrevocable Life Insurance Trust, is a trust fund that you create during your lifetime and fund with one or more life insurance policies. Once established, an ILIT generally cannot be changed or revoked, meaning its terms are set in stone. Benefits of an ILIT Possible Downsides Involved with ILITs Other Considerations …
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Beyond Employment: A Guide to 3 Popular Retirement Income Strategies
The prospect of retirement brings both excitement and apprehension. It’s a phase of life filled with possibilities, but understanding and preparing for the risks is crucial. In this article, we’ll explore common retirement risks and delve into three popular income strategies: Private Pensions, Systematic Withdrawals, and Time-based (Bucket) approaches. Social Security may not suffice for…
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The Power of a Cash Reserve Fund: Financial Security for Life’s Unexpected Events
What Is an Emergency Fund? An emergency fund is money that has been set aside for unexpected expenses like car repairs, medical bills, or sudden job loss. It provides financial security during life’s surprises. What Is a Cash Reserve Fund? A cash reserve fund is an increase in the value of your Emergency Fund, typically…
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Benefits of an HSA
Excerpt from Centers for Medicare & Medicaid Services (CMS): “A Health Savings Account (HSA) is a type of personal savings account you can set up to pay certain health care costs. An HSA allows you to put money away and withdraw it tax free, as long as you use it for qualified medical expenses, like…
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5 Steps to Make the Most of Charitable Giving
If your definition of financial independence or freedom includes sharing your financial assets with others, you would be well served by creating a strategy, a charitable giving strategy. Follow this link to our checklist that will help you in creating this plan. You may also find these five steps helpful in getting started. Carrie Schwab-Pomerantz…