Tag: Tax Savings
Are You Making the Most of Your Year-End Charitable Giving? With Emily K. Diaz, MAcc, CPA, CFP®

Are You Making the Most of Your Year-End Charitable Giving? With Emily K. Diaz, MAcc, CPA, CFP®

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While tax savings may not be a primary driver for your charitable contributions, being aware of opportunities can help you amplify your impact. 

In this episode, Emily K. Diaz, MAcc, CPA, CFP®, of Foster &  Motley shares valuable insights on year-end charitable giving, the benefits of planning ahead, and its connection to tax planning. Whether you wish to give to your family, directly to an organization, or through a charitable foundation, you will learn actionable ideas to improve tax efficiency and leave a lasting impact.

Emily also sheds light on an Ohio-specific gifting strategy, where you can capitalize on available tax credits through Scholarship Granting Organizations (SGOs).

Emily shares more about:

  • The tax implications of different types of gifts (e.g., cash vs. appreciated stocks)
  • Simplified explanation of commonly used strategies, such as donor-advised funds
  • The benefits of planning out  larger gifts over multiple years
  • Navigating the annual exclusion for family gifts
  • And more

 

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How Do Brokerage and Bank Accounts Work Together? With David J. Nienaber, MBA, CPA, CFP®

How Do Brokerage and Bank Accounts Work Together? With David J. Nienaber, MBA, CPA, CFP®

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Ever wondered about the difference between checking, savings, and brokerage accounts?

In this episode, David J. Nienaber, MBA, CPA, CFP®, discusses the distinctions between checking accounts, savings accounts, and brokerage accounts. He highlights benefits of each and how they function together. Additionally, he explains how brokerage accounts can be platforms for purchasing stocks, bonds, and mutual funds.  Lastly, he touches on how money market funds are becoming a popular choice instead of traditional savings accounts.

David shares more about:

  • Money market funds as an alternative to traditional savings accounts
  • Money market funds can be bought and sold in a brokerage account and earn higher interest rates
  • Brokerage accounts not FDIC insured but have SIPC insurance
  • And more

 

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