Stimulating the economy during the Christmas season seems to be a patriotic duty! But alas, even after some have stimulated the economy to the extent of their credit limits – there is still not satisfaction and joy. Too much money spent, too much SNOW & ICE and not nearly enough peace and tranquility. Nor really do the bearers of the fruits of our generosity seem all that satisfied or content with the results of this economic stimulation. Yet year afterRead More
Savant offers perspective on a variety of topics. Entries range from current events to timeless insights in the world of finance and investments.
There are only a few more weeks left in 2007 – Yikes! If you are currently enrolled in edicare Part D you have until December 31st to review your current plan and possibly change to a new plan. This annual review is critical!Unfortunately, there are major changes in the Medicare drug plans for 2008, including some significant movements in premiums as well as major changes to the structure of the drug formularies. According to Avalere Health, the Centers for MedicareRead More
Are most charitable gifts tax motivated? While we generally associate charitable gifts with tax deductions, the answer is no. After all, when an investor makes a gift to a charity, they are generally giving away 100% of the asset. This is the equivalent of a 100% “tax.” Now for the good news… In most cases, investors do get a tax deduction for making a gift to a qualified charity. Taking advantage of the tax benefit requires a general understanding ofRead More
Do you want to simplify your charitable giving plan? Do you want the benefits of a family foundation without all of the complicated regulations? If you answered yes, you may want to consider using a Donor Advised Fund (DAF).
DAFs have become very popular in recent years. The concept is quite simple. An investor (donor) can open an account at a sponsoring company. Fidelity and Vanguard each offer DAF accounts. Our local community foundation also offers a DAF. OnceRead More
I will never forget the year Mom received “Buttercup.” She had religiously collected every ornament from Hallmark’s Mary’s Angels Collection. But she missed Buttercup one year. She had come to accept the fact her collection would never be complete. When she opened her gift and identified the lost treasure, she cried tears of joy.
Ask any child if they would prefer to get a gift or give a gift, the answer becomes abundantly clear. However, as we mature into young adultsRead More