What constitutes a gift to charity? A gift to charity is simply a gratuitous transfer of property to a charitable organization. The key is that your gift must be some kind of property--your time or personal services do not count. There are several different types of property that can be donated … [Read more...]
Windward Passages: Charitable Gifting
Windward Tax Bulletin: Choosing Your State of Domicile
Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2019 What is it? Your domicile is the state where you maintain your legal residence. Domicile is determined by intent, rather than by the length of time you spend in a state. You may establish a state as your domicile the … [Read more...]
Windward Passages: Understanding Risk
Few terms in personal finance are as important, or used as frequently, as "risk." Nevertheless, few terms are as imprecisely defined. Generally, when financial advisors or the media talk about investment risk, their focus is on the historical price volatility of the asset or investment under … [Read more...]
Windward Community: Waterside fun in the Kansas City Metro
With summer here, Windward can’t help but think about life on the water and boats. Whether it’s sailing, fishing, swimming, or beach lounging, we love all things water-related and look forward to summer every year. If you need a break from the stock market and financial planning, here are a few … [Read more...]
Windward Tax Bulletin: Converting IRAs to Roth IRAs
Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2019 Roth IRA Conversions With the lure of tax-free distributions, Roth IRAs are popular retirement savings vehicles. One way to fund a Roth IRA is to convert some or all of your IRA or retirement plan money to a Roth … [Read more...]