Using Your IRA for Charitable Gifts If it becomes law, the Legacy IRA Act will be a powerful tool for both retirement planning and charitable giving. Currently, there are only two ways to give your IRA to charity without triggering a tax. First, if you are age 70 ½ or […]
Qualified Charitable Distributions from IRA accounts are a win-win. Go ahead. Make that charitable gift in a way that maximizes the amount going to charity and minimizes the amount going to taxes for the politicians to play with. Who do you trust more to do good things with your money, your favorite charity or the politicians?
For years, I have been telling people a little known secret of IRA’s. There is a way you can pass the benefit of your IRA to your heirs tax free. Recently Bob Carlson in his newsletter recently discussed the strategy. It combines an IRA with a Donor Advised Fund. He quotes […]
Is Avoiding Short Term Capital Gains Possible? When it comes to tax planning, I often get calls asking for a brilliant way to not pay short term capital gains after a taxable event has already occurred. Sadly, there are not a lot of good options. People get told what they cannot […]