Charitably inclined individuals aged 70.5 or older may benefit from making Qualified Charitable Distributions (QCDs) directly from their traditional IRA. QCDs are a great tax planning tool, allowing individuals to support the charities they love in a tax efficient manner. One of the most beneficial … [Read more...]
Qualified Charitable Distributions
Donor Advised Funds
Donor Advised Funds (DAFs) have become an increasingly popular and valuable planning vehicle over recent years. They can be very beneficial in many circumstances, allowing you to optimize tax planning as you fulfill your philanthropic goals and support the causes that matter most to you. The … [Read more...]
RMD Considerations
The timing, amount, and tax consequences associated with Required Minimum Distributions (RMDs) might run the risk of throwing a wrench in your financial plans. It doesn’t have to be that way. This checklist covers important factors you need to know when reviewing your RMDs: What Issues Should I … [Read more...]
Tis the Season
...for Tax-Friendly Giving Strategies You may donate money to charitable organizations throughout the year, for no other reason than your heart-felt desire to support causes that you care about. But if philanthropy is important to you, keep in mind that the associated tax breaks could potentially … [Read more...]
Video: Tax Planning Issues for Retirees
Hear Emily Petty and Matt Bellomo discuss tax planning issues for retirees. Our checklist highlights things you may not have considered that can have a tax impact, planning opportunities, tax saving tips, and more. From investment income and capital gains tax to deducting medical expenses, our quick … [Read more...]