July 16, 2024 | Episode 124

Supercharge Your Charitable Donations

In this episode, Steve and Travis discuss three ideas to supercharge your charitable donations and save on taxes.

The first idea is to use a donor-advised fund (DAF) to group your charitable donations together and take a larger deduction.

The second idea is to donate highly appreciated stocks instead of cash, which allows you to avoid capital gains taxes.

The third idea is to make qualified charitable distributions (QCDs) from your IRA, which can offset your required minimum distributions (RMDs) and reduce your taxable income.

These strategies can help you maximize your charitable deductions and keep more money in your pocket. #taxes #charitabledonations #taxplanning

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About Your Co-Hosts:

Travis Maus has been in financial services for over fifteen years. He is a Senior Wealth Manager and Chief Executive Officer at S.E.E.D. Planning Group.

Steve Campbell has over a decade of experience in the industry and serves as Chief Brand Officer at S.E.E.D. Planning Group.