Ep 113: Enhancing Your Charitable Giving
Retire Smarter with Kevin Kroskey, CFP® & Tyler Emrick, CFA® CFP®
English - December 08, 2022 10:00 - 25 minutes - 23.7 MB - ★★★★★ - 22 ratingsInvesting Business Careers Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Most Americans donate to charity yearly, and many have distinct goals in their retirement plan to meet annual charitable donations. Most also give cash … the tax-efficient way to give.
Hear Kevin and Tyler discuss ways to tax-optimize your charitable giving. Whether through bunching your deductions or using donations of appreciated stock, each coupled with a donor-advised fund can help you gain a bigger tax break and meet your charitable goals in the Retire Smarter way.
Here's some of what you'll learn in this episode:
Why we want to be more thoughtful of the why behind charitable giving. (4:20)
Details on the current standard tax deduction amounts. (11:25)
How you can utilize the bunching strategy to maximize deductions. (14:17)
An example of how clients typically approach giving. (17:11)
Assets you might consider giving instead of cash. (20:35)
Have questions?
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