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Getting Lumpy With Your Giving

Getting Lumpy With Your Giving

Susan and Lisa are a charitably-inclined married couple with a recently paid-off home.  They will soon file a tax return and then make sad faces when they realize they can’t write off their sizable contributions to their favorite nonprofit because of changes in the tax law…unless they do this ...
The Big Baby Boomer IRA Mistake

The Big Baby Boomer IRA Mistake

Attention wealthy baby boomers with no kids. If you’re nearing or past the age of 60, there’s one small update you can make to your IRA that will cost you nothing, have no impact on your personal financial well-being, and will probably feel pretty darn good. And I’ll give you two good reasons ...
A Win-Win for your Donor-Advised Fund

A Win-Win for your Donor-Advised Fund

If you’re charitably inclined and have a donor-advised fund (DAF), then you already know about the tax benefits. For me personally, I’m having one big regret about my own DAF – not the tax benefits of course (love those), but rather how I invest between the moment contributions are made into it
Donate Now, Give Later

Donate Now, Give Later

Baby boomers who are in the final decade of their high-income years might want to stop using their credit cards and checkbook to give to charity. There’s a better way to be generous and reduce your taxes at the same time – the donor advised fund (DAF). DAF – How it Works  You move cash or
Breaking Bones for Charity

Breaking Bones for Charity

As a career-oriented businessman with no kids (or intention to have any), I can’t help but feel some sense of obligation to be charitable. And it gives me a card to play when my friends with kids tell me how much they admire the free time and extra cash I have because I’m not coaching little ...
My 7 Cents

My 7 Cents

About two years ago, I gave myself permission to impulsively buy art at a nonprofit event. Normally, I tightly control my giving, but this was a moment where I was able to be spontaneous - only because I had created formal intentions around my giving. Yes, I had planned how to be spontaneous. ...