Considering your charitable giving goals in conjunction with your estate plan is a great way to support the causes you care about, while remaining tax efficient.
If you sold holdings at a loss during April’s brutal sell off, you probably took solace that you at least accomplished some tax-loss harvesting.
Givers are optimistic by nature—they believe that through donations and other charitable activities, they will beget change, even if the result is not immediate or tangible.
For people nearly or newly retired, who potentially still have decades ahead for their assets to compound and grow, estate taxes are a huge concern.
Many people like the idea of giving some portion of their estate to charity. However, charitable gifts are often overlooked or put on the back burner during the estate planning process.
Mick Jagger is getting candid about the Rolling Stones’ legacy.
It may be better to give than to receive. However, it may be even better to give and see your generosity rewarded.
With a draft bill from the House Ways and Means Committee on the table, all signs suggest that higher income taxes could be right around the corner. How they will affect charitable giving remains to be seen.
To be tax efficient, which types of assets should you live off of in retirement, and which should you plan on passing down? There’s a bit of art to the equation, and how you plan can make a big difference to your beneficiaries.