Dec 21, 2021 | Financial Article, Planned Giving, Resources
Two ways to make tax-savvy charitable donations: Making a one-time Qualified Charitable Distribution (QCD) might be a wise decision if you’re 70½ or older and have a traditional Individual Retirement Account (IRA). To potentially manage your tax bill, you could choose...
Apr 6, 2021 | Financial Article, Financial Planning, Planned Giving, Resources, Retirement
Have you ever considered Qualified Charitable Distributions? Do you have an I.R.A.? As you enter your 70s, you may start to look at that I.R.A. not only as an asset, but also as a problem. By law, you must take required minimum distributions (R.M.D.s) from a...
Oct 2, 2019 | Financial Planning, Live Invested®, Planned Giving, Taxes
If you donate your car to charity, you may claim a tax deduction for the donation if you itemize your deductions on your federal income tax return. If you donate your car to charity, you may claim a tax deduction for the donation if you itemize your deductions...
Oct 2, 2019 | Financial Planning, Investing, Planned Giving, Retirement, Taxes
Charitably minded and holding significant assets in an IRA? Consider making a QCD an annual ritual. If you are age 70½ or older and charitably minded, you may wish to consider tapping your individual retirement account (IRA). The qualified charitable...
Sep 19, 2019 | Estate Planning, Financial Planning, Planned Giving, Taxes
Philanthropy cannot only give you great personal satisfaction, it can also give you a current income tax deduction, let you avoid capital gains tax, and reduce the amount of taxes your estate may owe when you die. Charitable giving can play an important role in...
Apr 30, 2018 | Estate Planning, Financial Planning, Live Invested®, Planned Giving
“Are you concerned about the inheritance taxes your heirs may have to pay?” Are you concerned about the inheritance taxes your heirs may have to pay? Then you may want to consider creating a charitable lead trust. A charitable lead trust is...
