Episode 14: Charitable Giving: It’s Not Just How Much, It’s How

Charitable Giving: It’s Not Just How Much, It’s How If you give to your church, your alma mater, or causes close to your heart, the way you give can matter as much as the amount. In this episode of Ten Minutes Wealthier , Johnson Rhett and Kelly Jennings of Branning Wealth Management walk through three strategies retirees may use to give more tax-efficiently: Giving appreciated investments: why donating stock directly, rather than selling it first, may help you avoid capital gains tax Qualified Charitable Distributions (QCDs): how IRA owners age 70½ and older can give directly from their IRA, keep that distribution out of taxable income, and potentially satisfy their RMD Donor-advised funds and “bunching”: how combining several years of giving into one year may make itemizing worthwhile, while still supporting your charities on your usual schedule The goal isn’t to change who you give to or how much. It’s to help your giving fit into the rest of your financial plan. Wondering if Branning Wealth Management is the right fit for you? Find out here: Are We a Fit? This episode is for educational purposes only and is not individualized investment, tax, or legal advice. Please consult your tax professional about your specific situation.