Over 70 & Charitably-Minded? Here's How to Leverage the TCJA

Mosaic / Apr 11, 2018 / Retirement Planning / Charitable Giving / Tax Planning

If you are a charitably-minded investor who is  age 70½ or older, and you have money in individual retirement accounts (IRAs),  the Tax Cuts and Jobs Act of 2017 (TCJA) may provide some worthwhile planning opportunities to cut your tax bill more so than in prior years. 

How can charitably-minded seniors leverage the TCJA? Let's walk through a few scenarios.


Circle Roundup: The Smart Guide to Charitable Giving Policies

Mary Ballin / Dec 21, 2017 / Women's Circles / Charitable Giving

Tis the season of giving… and in our fourth-quarter Women’s Circles, aptly titled “A path to giving,” we discussed aligning our desire for giving to charity with our core values, covering ways to clarify which charities to choose, and ways to give that are a little better for everyone involved than just giving cash.

Read on for some great tips and interesting research rounded up from our recent Circle into a handy guide—and you’ll learn how to craft a charitable giving policy that you can rely on.



Efficient Ways to Give to Charities

Mary Ballin / Dec 14, 2017 / Financial Planning / Charitable Giving

As an advisor, what method of charitable giving would I recommend?

The most effective practice depends entirely on your situation, and on your intent. To help guide your decision, here’s a breakdown of some different ways to give to charities, along with pros and cons of each, including tax considerations.


Trusts: Maximize Charitable Giving While Minimizing Estate Taxes

Mosaic / Feb 7, 2017 / Estate Planning / Tax Planning / Charitable Giving

Charitable remainder trusts (CRTs) and charitable lead trusts (CLTs) are two popular types of split-interest trusts commonly used by individuals and families for managing taxes in an estate plan while simultaneously supporting charitable organizations. 

Interested in how trusts maximize charitable giving while minimizing estate taxes? This article describes the key characteristics and potential benefits of two these types of trusts—charitable lead trusts and charitable remainder trusts. 



Women's Circle Roundup: Savvy Gifting Strategies

Liz Revenko / Nov 29, 2016 / Women's Circles / Women and Money / Charitable Giving

Another successful Women’s Circle rounded out our financial understanding. Over lunch, we discussed savvy ways of gifting to charity, clarified the gift tax, and outlined ways to give to friends and family before discussing the more personal aspects related to both giving and receiving. This roundup is chock full of strategic tips from the Circle.

As we ramped up to the holidays, it was especially meaningful to hear how women of a wide range of ages and backgrounds felt about giving and receiving with grace, enabling each of us to learn what we needed from one another’s challenges and successes.


Helpful takeaways

Here are the smart giving tips that we talked about in the educational component of the Circle. Go ahead and share them.  Think of each tip like a holiday sweater: if one doesn’t fit you, give it to a friend who can rock the snowflake turtleneck look!