Category - Budgeting

1
Do New Healthcare Plans Cost More?
2
How Can I Give to My New Grandchild?
3
Appreciating Donor Advised Funds
4
A Complete Guide To Using A Donor Advised Account For Your Charitable Giving
5
What Asset Allocation Should I Have For My Schwab Donor Advised Fund?

Do New Healthcare Plans Cost More?

Cost of ACA-Compliant Healthcare

The country just finished the midterm elections. Open enrollment for the Affordable Care Act (ACA) begins on November 15. The powers that be pushed it back this year so it would happen after the elections, hoping health care notifications wouldn’t affect the election results. However, rate increases were being sent out just before Election Day.

Last year plans were being cancelled, showing that Obama’s promise that people could keep their health care plan if they liked it was a bald-faced lie. This year rate hikes are in the double digits. They prove that the promise of making health care …

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How Can I Give to My New Grandchild?

How Can I Give to My New Grandchild?

Question: My daughter and son-in-law are expecting their first child, and my husband and I want to give some money for the child as a gift. What are my options?

Answer: How exciting to become a grandparent! Congratulations! You have several options, mostly dependent upon what purpose you have in mind for the money.

Do you want to give to the parents for their expenses in raising the child? You can write a check to your daughter and son-in-law. In 2014, there is a gift limit of $14,000, which means if you give over that amount, there are tax consequences, …

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Appreciating Donor Advised Funds

Wrapped Gifts Americans give over $300 billion to charity annually. One of the best tools developed over the past few decades to help facilitate this generosity is the rise of Donor Advised Funds (DAFs). The first DAFs were set up in the 1930s, but they did not become popular until financial services companies made them available to a mass market in the 1990s. Donor-advised funds are public charities of their own. They are vehicles for receiving gifts, usually of appreciated stock, and then distributing cash grants to other charities. They make the process of transferring appreciated stock and designating checks to… Read More

A Complete Guide To Using A Donor Advised Account For Your Charitable Giving

Gift Using appreciated stock for your charitable giving can save thousands of dollars which otherwise would have to be paid in capital gains tax. Shrewd investors use the gifting of appreciated stock to save on their taxes. Normally a gift of charitable stock must be transferred from your brokerage account directly to a charity’s stock liquidation account. Nonprofits have such an account and they have standing orders to liquidate (sell) anything which is transferred into the account and transfer the money to charity’s bank account. This allows the charity to give this account number to donors without compromising an active… Read More

What Asset Allocation Should I Have For My Schwab Donor Advised Fund?

Pie Chart Schwab’s Donor Advised Fund, called Schwab Charitable, allows you to invest the assets in the fund while you are waiting to designate grants to charities. The subsequent amount of appreciation or depreciation after you have transferred assets into the account does not affect your tax deduction. But it will affect how much money is available to the charities you support. Here is a suggested asset allocation for Schwab’s Donor Advised Account where you want the money to remain invested and it does not matter if the account value bounces around and you are willing to replenish the account if… Read More

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