The number of donor-advised fund accounts has tripled in the past four years and it is due to more than taxpayers responding to Tax Reform and “prefunding” their charitable giving. The number of donor-advised funds surged last year to more than 463,000 across community foundations, charities and commercially backed platforms. The funds can be used to...
The IRS tax treatment of ETFs and Mutual Funds are the same. Both are subject to capital gains tax and taxation of dividend income. But the way ETFs are structured means taxes are minimized for the investor and the ultimate tax bill – after the ETF is sold and capital gains tax is incurred –...
If you plan properly, you have time between now and December 31st to do something about the taxes you will pay in April 2020. For example: • The fourth quarter is a perfect time to manage the tax impact of investment gains with tax loss harvesting to reduce your income tax liability and impact your...
Optimizing Medicare, just like optimizing your Social Security benefits is part of a smart retirement strategy! Should you replace an employer-provided health insurance plan with Medicare? When planning for retirement you need to understand the Medicare basics and seek the right help to get the right coverage. The choice you make will impact the premiums...
Whether you are the lucky beneficiary or the owner of the original IRA, if you don’t understand the IRA inheritance rules you may be subjecting the account to higher taxes or lower growth, even penalties. It is imperative to pay attention to the tax-efficient aspects of IRA planning and get educated about the opportunities to preserve retirement savings post...
