In these posts we will endeavor to provide some answers to general questions we receive that we think will be useful to you. We have a list of questions that we hope to answer in coming weeks, but we also want you to have an opportunity to ask questions that we may not have already encountered. So please submit general questions that you would like to be answered, and we will do our best!
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If there is something you would like to know about financial planning or our services please send us your questions.
This particular question is one that we encounter frequently. There are many who subscribe to the idea of “I am going to take it while I can, because I don’t know if it will still be there if I wait.” We attempted to address that issue in our blog last week, which you can review here:Because You Asked: Will Social Security Be Available For Me?
This particular question is one that we encounter rather frequently, usually in the context of making decisions around when to apply for Social Security benefits. We will address the When to Apply question in our next blog, but thought we should begin with the foundational question of Will Social Security Still Be Available? There is a lot of rhetoric that says our government has “spent”
Over the last few weeks we’ve discussed the most efficient ways to give to charities and that our goal with our clients is to help them give in ways that gives them the most tax benefit. We want to enable them to not only save money, but to have more to give to those organizations that are important to them. The deductibility of those gifts
What Is a Donor Advised Fund? (Description) A Donor Advised Fund, aka a Charitable Gift Fund are descriptions of the same type of account that is specifically designed to take advantage of charitable giving decisions in a very tax effective manner. A Donor Advised Fund works in some ways like a foundation, in that it is a sponsoring, non-profit organization that is set up to
Last week we discussed efficient giving by utilizing a Qualified Charitable Distribution which is extremely tax efficient, but sadly is limited to individuals who are 70 ½ or older. So, with this week’s blog, we wanted to focus on another giving strategy that can be very efficient for everyone else. This strategy is Gifting Appreciated Stock. What IS Appreciated Stock? For investors who have accumulated
When we as financial planners talk with clients about “efficiency” in giving, we are generally referring to tax efficiencies. We operate on the assumption that most people have a desire to contribute to charities, and believe it is important to help clients facilitate this desire in a way that provides the most tax benefit to the giver, so that in turn, they have more to
The particular plan that we often recommend is called a SEP IRA: Simplified Employee Pension Plan. This plan has so many amazing benefits for small business owners and those that are self-employed, and many of these individuals do not realize the power of this plan. What are the Requirements for a SEP IRA? The basic requirements are quite simple: Set up the plan for the
It is not too early to begin planning for your retirement as soon as you start your first job, and begin putting money away for that time in your life that is probably 30 to 40 years in the future. In order to retire successfully, you must of course have adequate savings to support you, because trying to live on Social Security alone is not