When I started my firm in 2016, our household income went to $0.
Being the financial planner I am, my mind went immediately from “we have no income” to “oooh, what kind of tax strategies can I take advantage of this year?” One of the decisions we made was around charitable contributions.
- Tricks (Witting or Not) that Investment Advisors Play
- You have lots of private-company stock. Should you sell it on a private secondary market?
- Confessions of a Comprehensive Financial Planner
- Just pick an easy way to give to charity and go. Think about taxes later.
- Maybe you’re better off giving your money to causes you care about, and not focusing on tax-deductibility.