CHARITABLE GIVING STRATEGIES UNDER THE TAX REFORMS

While the Tax Cuts and Jobs Act of 2017 (TCJA) included a provision intended to allow individuals to increase their deduction for charitable donations to 60% of adjusted gross income, the way this provision was written could result in no deduction at all for some gifts of appreciated securities and there were several other aspects of the TCJA that had negative ramifications on the benefit for charitable giving by individuals.

Read this article to learn:

  • Some planning opportunities still available to reduce your taxes by making charitable gifts strategically;

  • Why it may make sense to accelerate charitable contributions you’d normally make in future year(s) before year-end; and,

  • How extremely charitably-minded individuals could end up with lower charitable deductions rather than higher due to the wording of the new 60% limit.

Maximizing Wealth with Health Savings Accounts (HSAs)

The rise in health care costs is a serious issue that is having a major effect on the lives of millions of people around the country. We have published a brief newsletter which addresses a variety of topics surrounding this issue:

  • Why HSAs should be viewed as one of the best vehicles for retirement planning

  • High-deductible health plans are becoming more common

  • The tax advantage of an HSA

  • Integrating HSAs into your overall investment strategy 

THE FINANCIAL LITERACY DILEMMA

The lack of financial literacy in today's world is a serious issue that is having a major effect on the lives of millions of people around the country. We have published a brief newsletter which addresses a variety of topics surrounding financial literacy:

  • The growing problem of financial literacy

  • Societal trends that are making financial literacy more important than ever

  • The risks of being financially illiterate

  • Methods of improving financial literacy