Transcription
This is money talks with Chad Olivier.
Sponsored by Olivier Group. Hi. I’m Chad Olivier, CEO and certified financial with Olivier Group. Charitable giving is one of the most meaningful parts of a financial plan. It lets you support the causes you care about while also creating tax benefits. But just like investing, the key is to be intentional.
First, clarify your giving goals. Ask yourself, how much do I wanna give each year? Do I wanna give now, over time, or as part of my estate? And which assets make the most sense, cash, investments, or even property?
Once you’ve answered those questions, you can choose the right strategy. Here are some simple options you can use right away. Qualified charitable distributions or QCDs. If you’re over seventy and a half, you can donate directly from your IRA to a charity. For two thousand twenty five, that’s up to a hundred and eight thousand dollars. It counts towards your required minimum distribution, but doesn’t increase your taxable income.
Donating appreciated assets. Instead of selling stocks that have gone up in value, donate them. You avoid paying capital gains tax and you still get a charitable deduction for the full value.
Donor advised funds. Think of these as a charitable investment account. You contribute today, take an immediate tax deduction, and then you invest the funds for distributions to your charities of choice at a later date. For those who want to maximize giving for more planning, there are advanced strategies like bunching several years gifts into one tax year, naming charities in your estate plan, or using charitable trust and annuities that can provide income during your lifetime while still supporting charities in the future. The bottom line is giving with purpose not only makes an impact on your community, it can also be an important part of your overall financial plan. Visit us at olivier group dot com and let us help you with your charitable planning. And that’s why money talks, but planning pays.
This has been money talks with Chad Olivier.
