Tag: Charitable Giving
As we enter the holiday season, many of us will consider making gifts to charity. It is estimated that nonprofits receive 40 percent of their annual donations between Thanksgiving and New Year’s Day. If you are thinking about giving to charity this season, the Better Business Bureau (BBB) Wise Giving Alliance offers the following tips […]
While direct giving has an immediate impact, some individuals may be considering charitable planning strategies that will have a larger and longer-lasting impact not only on charities, but on their own lives or that of their families. A charitable trust can provide an alternative to meeting your wishes for charities and your loved ones, while […]
“This fall, older savers who are feeling generous may want to consider using their individual retirement account to help fund their favorite charities.” Here’s a generous incentive for older Americans who want to help their favorite charities: by giving generously from the right asset source, they could manage their Medicare premiums for 2022. The details […]
“By discussing finances with your children early and often, you can set them—and future generations—up for success, when it’s time to receive the wealth you’ve accrued.” Almost three quarters of the wealthiest people in the world—those whose net worth is higher than $30 million—are self-made, according to a Wealth-X report. Look closer into the world’s […]
“Giving appreciated stock shares, donating your RMDs and using charitable remainder trusts are just a few of the options you may not be aware of to help charities and your heirs at the same time.” America is a country of generous people. We give to organizations that we feel connected to, and we give to […]
“Retirees preparing to file their taxes for this year should be aware of a number of common pitfalls, often-overlooked deductions and changes that stem from the tax overhaul two years ago.” Did you know that there is a new federal income-tax form for seniors designed to make filing taxes easier this year, especially for those […]
“Chances are you have one or more charitable causes that you support on an annual basis. It is also likely that you have failed to make any provision for charity whatsoever on your death.” Americans are a generous people, giving of our time and resources, through donations and volunteering. However, according to the article “Charitable […]
RMDs are legally required and it is best to study up on them, because taxes can be 50%. Required minimum distributions (RMDs) are not always a common name to retirees but they should be, according to Forbes in “5 Things to Know About RMDs“. The withdrawals are legally required and you have to take them, […]
There are many trusts and they fall into two categories. Estate planning has many options to achieve various purposes and trusts are one of the key ways to accomplish those goals, according to the Aiken Standard in “ON THE MONEY: A look at different types of trusts“. Some are created by the operation of a […]
Where do you want your assets to go when you think of your loved ones? Estate planning can be a comfort to you but is also a gift of peace of mind to your family and may be a good way to begin the New Year, according to the Brainerd Dispatch in “Give the gift […]
