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Have you formalized your charitable giving strategy?
The end of the year is nearly here, which means the season of giving is upon us. Have you determined your charitable giving strategy for 2022? Being intentional in your giving benefits your charities of choice and may help manage your taxable income. Get started To make the most of your giving strategy, first, you must determine who will be the recipient(s) of your donations. The Internal Revenue Service (IRS) only gives charitable giving tax exemptions for donations made to non-profit 501(c)(3) charities or private foundations. So before signing anything over, make sure your desired organization qualifies.1 You can only
Client note on volatility and inflation
If you’ve felt like stock prices have been more volatile in 2022 than in recent years, you’re right on the money. Let’s take a look. Big picture The S&P 500 has posted 81 daily moves of at least 1% through August. Of those moves, 39 have been to the upside and 42 to the downside. In this chart, we’ve highlighted 2022 to show how it compares to other years since 2000. Since the daily report was compiled, stocks have seen a few more 1% swings. Why’s this happening? The Fed, largely. Its monetary policy of raising interest rates to slow
Revising Estate Planning Strategies
When the rules of the game change, your tactics should follow in response to the new landscape. While estate tax exemptions have ridden an uncertain roller coaster in recent years, the rules appear to be stabilizing after the passing of the Tax Cuts and Jobs Act, prompting many to reconsider estate planning strategies. In 2017, Congress raised the estate and gift tax exemption to $11.2 million, doubling the $5.6 million that previously existed. In 2022, the estate and gift tax exemption is $12.06 million. This exemption increase means that potentially hundreds of additional American households may be able to pass
New Cancellation for Federal Student Loans and Delayed Repayment to 2023
On August 24, 2022, just a few days before federal student loan repayment was set to resume, President Biden announced a plan for additional student loan debt relief. Federal student loan repayment was originally halted in March 2020 at the start of the pandemic. The new plan extends the payment moratorium through the end of the year, offers partial debt cancellation, and includes proposed updates to the Public Service Loan Forgiveness program and a new income-based repayment plan. What’s new Here is the new framework for federal student loans. Loan cancellation. The plan will cancel $10,000 of federal student loan
Latest Blog Posts
Handling market volatility
The Fed, Inflation, and Volatility
Holding stocks for the long term
5 ways to keep your portfolio on track
How to prepare for a recession
High Inflation: How Long Will It Last?
Smoothing market ups and downs
Making the Most of Your Income Tax Refund
How can your gift benefit you and the charity?
