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
Cash Flow Considerations
Reviewing your income and expenses is an essential and universal component of any comprehensive financial plan. It directly impacts the overall health and success of your financial strategy. It is important to review your overall cash flow when changes occur. The following are a few areas where … [Read more...]
Tax Document Collection Checklist
Filing your taxes is never fun. Whether you are working with a tax professional or preparing your tax returns on your own, getting your tax documents pulled together can be a stressful process. This checklist covers the most common items to consider when preparing to file your tax return, such … [Read more...]
RMD Considerations
Required Minimum Distributions (RMDs) are mandatory withdrawals from qualified retirement accounts that begin once you reach a certain age, generally age 73 or 75 depending on your date of birth. If you inherit a qualified retirement account, RMD requirements vary based on the circumstances specific … [Read more...]
Year-End Considerations
As the year draws to a close, we would like to share these year-end planning opportunities that could further your financial goals. You may be: Considering year-end charitable or gift giving, and are looking for the most tax-efficient funding strategy to achieve your giving goals. Exploring … [Read more...]