This presentation gives the top approaches to helping your clients and growing your practice using charitable planning with special tips related to the new tax law. Participants will learn how to provide tremendous benefit to clients, while improving their own assets under management, with charitable planning. Topics include gifts from retirement plans, gifts of appreciated assets, the use of private foundations, and life insurance.
Top 10 charitable planning strategies for financial advisors under the new ta...Russell James
Â
This presentation gives the top approaches to helping your clients and growing your practice using charitable planning with special tips related to the new tax law. Participants will learn how to provide tremendous benefit to clients, while improving their own assets under management, with charitable planning. Topics include gifts from retirement plans, gifts of appreciated assets, the use of private foundations, and life insurance.
Top 10 charitable planning strategies for financial advisors under the new ta...Russell James
Â
This presentation gives the top approaches to helping your clients and growing your practice using charitable planning with special tips related to the new tax law. Participants will learn how to provide tremendous benefit to clients, while improving their own assets under management, with charitable planning. Topics include gifts from retirement plans, gifts of appreciated assets, the use of private foundations, and life insurance.
Life Insurance & Charitable Remainder TrustsRussell James
Â
A lecture on tax planning that combines life insurance with charitable remainder trusts, specifically through use of an irrevocable life insurance trust (ILIT)
Using Life Insurance in Charitable PlanningRussell James
Â
These slides are taken from the graduate financial planning course "Introduction to Charitable Planning" at Texas Tech University. Details at www.EncourageGenerosity.com
These slides are taken from the graduate financial planning course "Introduction to Charitable Planning" at Texas Tech University. Details at www.EncourageGenerosity.com
2017-04-04 Planned Giving Programs - Why They are Needed and How to Get One S...Raffa Learning Community
Â
This session will explain why planned giving is important to every non-profit organization and will go through the basic steps to start a planned giving program.
The Anti-annuity is Single Premium Indexed Universal Life. We explain its primary uses, its tax saving abilities and how it can be used with annuities or qualified money. The Anti-Annuity works similar to an annuity however your money is liquid. The purpose of this book is to help you understand how the Anti-Annuity works, so that you will be educated and make the right choice if you choose to use this powerful tax-saving tool.
Life Insurance & Charitable Remainder TrustsRussell James
Â
A lecture on tax planning that combines life insurance with charitable remainder trusts, specifically through use of an irrevocable life insurance trust (ILIT)
Using Life Insurance in Charitable PlanningRussell James
Â
These slides are taken from the graduate financial planning course "Introduction to Charitable Planning" at Texas Tech University. Details at www.EncourageGenerosity.com
These slides are taken from the graduate financial planning course "Introduction to Charitable Planning" at Texas Tech University. Details at www.EncourageGenerosity.com
2017-04-04 Planned Giving Programs - Why They are Needed and How to Get One S...Raffa Learning Community
Â
This session will explain why planned giving is important to every non-profit organization and will go through the basic steps to start a planned giving program.
The Anti-annuity is Single Premium Indexed Universal Life. We explain its primary uses, its tax saving abilities and how it can be used with annuities or qualified money. The Anti-Annuity works similar to an annuity however your money is liquid. The purpose of this book is to help you understand how the Anti-Annuity works, so that you will be educated and make the right choice if you choose to use this powerful tax-saving tool.
This is a presentation I gave to my writing for the organization class. We were assigned to give an informative speech. I chose retirement because too many times its overly complicated and many young people cannot understand it.
Who gets your percentage of the business when you retire, die or sell it? Your partner, a spouse, or your children? Are you doing the best to maximize tax advantages? What are you doing to protect your interest and assets? How are you positioning employee retention and loyalty?
This powerpoint training is the slides from the webinar I did on the taxing of social security and is placed on our training site.
If you want more training on annuities, selling or building your book of business visit us at www.7figuresalestools.com
The Statistics & Psychology of Baby Boomer Lifetime & Legacy GivingRussell James
Â
In this irreverent and entertaining slide deck, Dr. James reviews nationally representative data on Baby Boomers and their lifetime and legacy donations. Beyond simple statistics, this session demonstrates how these demographic realities should change how and when you communicate fundraising information to Boomers. If you want a slide deck based on hard data that goes beyond "just so" stories with obligatory pictures of Woodstock, Vietnam, and Neil Armstrong - then this is the place for you!
Using "natural philanthropy" in fundraisingRussell James
Â
Charitable giving is not a modern invention of the industrialized world. It is a natural behavior as old as humankind. In this presentation, Professor James reviews scientific research from a range of disciplines to uncover the natural origins of philanthropy and translates these scientific concepts into effective fundraising strategies. Be prepared to see how theory and science can produce powerful, practical, real-world fundraising success.
Top 10 legacy fundraising strategies from scientific research: National data ...Russell James
Â
After fifteen years in academic research (plus more than a decade in frontline planned and major gifts fundraising), Professor James brings together scientific results from economics, neuroscience, psychology, demographics, and other disciplines to present the ten most important and effective strategies for increasing fundraising success in planned gifts. Beyond just âwar stories,â this presentation gives you a deep understanding of what works â and why â in effective legacy fundraising.
Natural philanthropy: How the natural origins of donor motivations drive powe...Russell James
Â
Charitable giving is not a modern invention of the industrialized world. It is a natural behavior as old as humankind. In this presentation, Professor James reviews scientific research from a range of disciplines to uncover the natural origins of philanthropy and translates these scientific concepts into effective fundraising strategies. Be prepared to see how theory and science can produce powerful, practical, real-world fundraising success.
Why cash is not king in fundraising: Results from 1 million nonprofit tax ret...Russell James
Â
This research tracks the fundraising growth of hundreds of thousands of nonprofit organizations from 2010 through 2016 to identify what predicts current and long-term fundraising growth. A key predictor is whether the nonprofit effectively pursues gifts of assets (e.g., stocks, bonds, real estate) rather than gifts of cash. This presentation reviews these comprehensive results, investigates the psychological and practical aspects of why gifts of assets are so critical for high-growth fundraising, and discusses strategies for effectively pursuing these important gifts.
The hidden code behind death-related financial decisions Russell James
Â
Understanding the hidden code behind client decisions
in life insurance, annuities, estate planning, planned giving, end-of-life medical planning, and other death-related topics
how can i use my minded pi coins I need some funds.DOT TECH
Â
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. đ I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Â
Pi coins is not launched yet in any exchange đą this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAYÂ you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers âĽď¸
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
how can I sell my pi coins for cash in a pi APPDOT TECH
Â
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Â
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential groupâs spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
how to sell pi coins in all Africa Countries.DOT TECH
Â
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Â
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
Â
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad, Mandi Bah...Amil Baba Dawood bangali
Â
Contact with Dawood Bhai Just call on +92322-6382012 and we'll help you. We'll solve all your problems within 12 to 24 hours and with 101% guarantee and with astrology systematic. If you want to take any personal or professional advice then also you can call us on +92322-6382012 , ONLINE LOVE PROBLEM & Other all types of Daily Life Problem's.Then CALL or WHATSAPP us on +92322-6382012 and Get all these problems solutions here by Amil Baba DAWOOD BANGALI
#vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore#blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #blackmagicforlove #blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #Amilbabainuk #amilbabainspain #amilbabaindubai #Amilbabainnorway #amilbabainkrachi #amilbabainlahore #amilbabaingujranwalan #amilbabainislamabad
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
What price will pi network be listed on exchangesDOT TECH
Â
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ â 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
Â
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
The European Unemployment Puzzle: implications from population aging
Â
Top 10 charitable planning strategies for financial advisors 2020
1. Charitable planning strategies
under the 2018 tax law and
2020 SECURE Act
The Top 10
Rules
Professor Russell James III, J.D., Ph.D., CFPÂŽ
Director of Graduate Studies in Charitable Financial Planning
& CH Foundation Chair in Personal Financial Planning
Texas Tech University
2. 1.Never give cash
2. Use the charitable swap
3. Learn âbunchingâ and other new tricks
4. Give retirement RMD first and more at
death
5. Take deductions today for transfers
tomorrow
6. Match deductions with Roth conversions
7. Buy life insurance with tax deductions
8. Earn more by avoiding capital gains tax
9. Grow tax free
10. Maintain wealth over multiple
generations
4. Donor Nonprofit
$100k Cash
Donor Nonprofit
$37,000
+
Avoid capital gains
($90,000 x 23.8%)
$21,240
Income tax
deduction
($100,000 x 37%)
$37,000
$100k Stock
Costs $41,760
Costs $63,000
Asset gifts are cheaper for itemizers
5. Donor Nonprofit
$100k Cash
Donor Nonprofit
$37,000
+
Avoid capital gains
($90,000 x 23.8%)
$21,240
Income tax
deduction
($100,000 x 37%)
$37,000
$100k Stock
Asset gifts are cheaper for non-itemizers
Costs $100,000
Costs $78,760
6. Donor Nonprofit
Donor Nonprofit
+
Avoid capital gains
($90,000 x 23.8%)
$21,240fed
($90,000 x 13.3%)
â($90,000 x 5.27%)
$7,227state
Income tax deduct.
($100,000 x 39.6%)
$39,600fed
($100,000 x 13.3%)
â($100,000 x 5.27%)
$8,030state
Income tax deduct.
($100,000 x 37%)
$37,000fed
($100,000 x 13.3%)
â($100,000 x 5.27%)
$13,300 state
+
Avoid capital gains
($90,000 x 23.8%)
$21,240fed
($90,000 x 13.3%)
â($90,000 x 5.27%)
$11,970state
Asset gifts got EVEN cheaper for many
2017 2018
Net cost $16,490 in â18 vs. $23,903 in â17
$100k Cash
$100k Stock
Net cost $52,370 in â18 vs. $49,700 in â17
7. 1.Never give cash
2. Use the charitable swap
3. Learn âbunchingâ and other new tricks
4. Give retirement RMD first and more at
death
5. Take deductions today for transfers
tomorrow
6. Match deductions with Roth conversions
7. Buy life insurance with tax deductions
8. Earn more by avoiding capital gains tax
9. Grow tax free
10. Maintain wealth over multiple
generations
8. 1. Never give cash
2.Use the
charitable swap
3. Learn âbunchingâ and other new tricks
4. Give retirement RMD first and more at
death
5. Take deductions today for transfers
tomorrow
6. Match deductions with Roth conversions
7. Buy life insurance with tax deductions
8. Earn more by avoiding capital gains tax
9. Grow tax free
10. Maintain wealth over multiple
generations
9. Donor
Nonprofit
$100K old stock
(low basis)
immediately buy
identical stock
(100% basis)
No need to change your portfolio!
The Charitable Swap
No âwash saleâ rule
because this is gain
property, not loss
property
$100K
cash
10. Donor
$100K old stock
(low basis)
immediately buy
identical stock
(100% basis)
The Charitable Swap with a DAF
$100K
cash
Donor
Advised
Fund
11. 1. Never give cash
2.Use the
charitable swap
3. Learn âbunchingâ and other new tricks
4. Give retirement RMD first and more at
death
5. Take deductions today for transfers
tomorrow
6. Match deductions with Roth conversions
7. Buy life insurance with tax deductions
8. Earn more by avoiding capital gains tax
9. Grow tax free
10. Maintain wealth over multiple
generations
12. 1. Never give cash
2. Use the charitable swap
3.Learn
âbunchingâ and
other new tricks
4. Give retirement RMD first and more at
death
5. Take deductions today for transfers
tomorrow
6. Match deductions with Roth conversions
7. Buy life insurance with tax deductions
8. Earn more by avoiding capital gains tax
9. Grow tax free
10. Maintain wealth over multiple
generations
14. For some, the
benefits from giving
even cash went up
1. Federal rates went up
(33% to 35%) for
singles earning
$200,000 to $416,700
2. 2017 charitable tax
deductions reduced by
3% of income over
$261,500 [Pease
limitation]
3. Higher state tax
benefits with SALT caps
4. Income limits raised to
60%
15. 1. The new 20% deduction for
business income phases out at
higher taxable income levels
2. But, charitable deductions
reduce taxable income, and
can thereby âbring backâ the
business income deduction
from the dead
3. Double benefit: Charitable
deduction + bringing back the
phased out business income
deduction
16. 1. Never give cash
2. Use the charitable swap
3.Learn
âbunchingâ and
other new tricks
4. Give retirement RMD first and more at
death
5. Take deductions today for transfers
tomorrow
6. Match deductions with Roth conversions
7. Buy life insurance with tax deductions
8. Earn more by avoiding capital gains tax
9. Grow tax free
10. Maintain wealth over multiple
generations
17. 1. Never give cash
2. Use the charitable swap
3. Learn âbunchingâ and other new tricks
4.Give retirement
RMD first and
more at death
5. Take deductions today for transfers
tomorrow
6. Match deductions with Roth conversions
7. Buy life insurance with tax deductions
8. Earn more by avoiding capital gains tax
9. Grow tax free
10. Maintain wealth over multiple
generations
18. Life stages of a retirement account
Earlydistribution(before59½)
Regulardistribution (59½to72)
Requiredminimumdistribution (72+)
19. Giving after 72
After age 72 participants must take required minimum
distributions (account balance / remaining life expectancy) or pay
50% penalty
$10,000
$10,000incomeIRA
20. Giving after 72
If the income is not needed, a charitable gift
deduction might offset the income
(if itemizing and no income giving limitations
exceeded and no negative effects from increased
AGI and not in the wrong state)
$10,000
$10,000incomeIRA $10,000deduction
$10,000
21. Giving after 70 ½
A Qualified Charitable Distribution (QCD) eliminates both the
income and deduction
$10,000
$0income
IRA
$0deduction
22. Qualified Charitable Distribution (QCD)
$10,000
$0income
IRA
$0deduction
$100,000
per person
maximum
Participant
70 ½ or
older
No private
foundations, donor
advised funds,
charitable trusts, or
charitable gift
annuities
IRAs or IRA
rollovers only; no
401(k), 403(b),
SEP, SIMPLE,
pension or profit
sharing plans
After giving more than all
post 70 ½ deductible IRA
contributions
23. $10,000
$0income
IRA
$0deduction
$100,000
per person
maximum
Participant
70 ½ or
older
No private
foundations, donor
advised funds,
charitable trusts, or
charitable gift
annuities
IRAs or IRA
rollovers only; no
401(k), 403(b),
SEP, SIMPLE,
pension or profit
sharing plans
After giving more than all
post 70 ½ deductible IRA
contributions
You can give more than your required
minimum distribution
24. $7,000 QCD Gift
$7,000 of wifeâs
earned income $7,000 Gift
RESULT:
An unusable itemized deduction
RESULT:
An above-the-line $7,000 deduction for Wifeâs IRA contribution regardless of her age.
No change in combined IRA balance: $7,000 shift from Husbandâs IRA to Wifeâs IRA.
A $7,000 reduction in Husbandâs Required Minimum Distribution with no income recognition.
$7,000 of wifeâs
earned income
The SECURE Actâs âabove-the-lineâ charitable deduction
Checking
Account
Charity
Wifeâs
IRA
Husbandâs
IRA
Charity
A donor couple has earned income, but doesnât want to add to combined IRA balance
28. Retirement plan charitable beneficiaries
⢠A public charity
⢠A private family
foundation
⢠A charitable
remainder trust
29. ⢠Not Charitable Lead Trusts
(because they arenât tax
exempt)
⢠Avoid naming estate as
beneficiary with instructions in
estate documents (estate itself
may have to pay income taxes)
Bad retirement plan death beneficiaries
30. Charities are not âdesignated
beneficiariesâ, so could accelerate RMDâs
for other beneficiaries. Solutions:
⢠Separate IRAs into a 100% charitable and 100%
non-charitable account before death (+ RMDs can
be taken from either to match desired plans)
⢠Beneficiaries can separate accounts by end of year
following participant death1
⢠Payout charity share before September 30 of year
following participant death.2
⢠If spouse is beneficiary, simply roll that share into
spouseâs IRA
Simple solutions to a potential trap
1. Treas. Reg. sec. 1.401(a)(9)-8 Q&A 2(a) 2. Treas. Reg. sec. 1.401(a)(9)-4 Q&A 4(a)
31. 1. Never give cash
2. Use the charitable swap
3. Learn âbunchingâ and other new tricks
4.Give retirement
RMD first and
more at death
5. Take deductions today for transfers
tomorrow
6. Match deductions with Roth conversions
7. Buy life insurance with tax deductions
8. Earn more by avoiding capital gains tax
9. Grow tax free
10. Maintain wealth over multiple
generations
32. 1. Never give cash
2. Use the charitable swap
3. Learn âbunchingâ and other new tricks
4. Give retirement RMD first and more at death
5.Take deductions
today for
transfers
tomorrow
6. Match deductions with Roth conversions
7. Buy life insurance with tax deductions
8. Earn more by avoiding capital gains tax
9. Grow tax free
10. Maintain wealth over multiple generations
33. A remainder
interest in a home
or farmland gives
the right to own
the property after
a set time or after
the death of a
person
34. Charitable deduction for
remainder interest deed in
$1,000,000 of farmland by age 59
donor
1.0% (Jan 13)
$804,790
11.6% (May 89)
$156,840
35. Leaving land to charity
by will
⢠Revocable
⢠$0 income tax deduction
⢠Impacts charity after death
Leaving land to charity
by remainder deed
⢠Irrevocable
⢠$804,790 immediate income
tax deduction
⢠Impacts charity after death
or immediately if charity
sells remainder interest
⢠Immediately increases cash
assets available for
investments
36. Donor CRT Charity
Initial
Transfer
Anything Left
at Death
Payments
During Life
Charitable Remainder Trusts generate
an immediate tax deduction, even
though donor can manage assets and
receive income for life
37. 1. Never give cash
2. Use the charitable swap
3. Learn âbunchingâ and other new tricks
4. Give retirement RMD first and more at death
5.Take deductions
today for
transfers
tomorrow
6. Match deductions with Roth conversions
7. Buy life insurance with tax deductions
8. Earn more by avoiding capital gains tax
9. Grow tax free
10. Maintain wealth over multiple generations
38. 1. Never give cash
2. Use the charitable swap
3. Learn âbunchingâ and other new tricks
4. Give retirement RMD first and more at
death
5. Take deductions today for transfers
tomorrow
6.Match
deductions with
Roth conversions
7. Buy life insurance with tax deductions
8. Earn more by avoiding capital gains tax
9. Grow tax free
10. Maintain wealth over multiple generations
39. Roth conversions and charitable planning
can work together to match
Income Deductions
40. $1MM in standard
IRA (withdraws
are taxable)
Roth
Conversion
$1MM in Roth
IRA (withdraws
are tax free and
no owner RMD)
42. Where can I find offsetting deductions?
Put money into a
⢠Charitable remainder trust
⢠Charitable lead trust
(grantor)
⢠Charitable gift annuity
⢠Donor advised fund
⢠Private foundation
Or give a remainder interest
in a residence or farmland to
a charity
43. Charitable deductions may be
limited (with five year carryover)
to 20%, 30%, 50%, or 60% of
income depending on gift and
recipient
44. If I have unused deductions,
how can I pull future income
into current year?
45. If I have unused deductions,
how can I pull future income
into current year?
With a Roth conversion
46. $1MM in standard
IRA (withdraws
are taxable)
Roth
Conversion
$1MM in Roth
IRA (withdraws
are tax free)
47. Roth conversions and charitable planning
can work together to match
Income Deductions
48. 1. Never give cash
2. Use the charitable swap
3. Learn âbunchingâ and other new tricks
4. Give retirement RMD first and more at
death
5. Take deductions today for transfers
tomorrow
6.Match
deductions with
Roth conversions
7. Buy life insurance with tax deductions
8. Earn more by avoiding capital gains tax
9. Grow tax free
10. Maintain wealth over multiple generations
49. 1. Never give cash
2. Use the charitable swap
3. Learn âbunchingâ and other new tricks
4. Give retirement RMD first and more at
death
5. Take deductions today for transfers
tomorrow
6. Match deductions with Roth conversions
7.Buy life
insurance with
tax deductions
8. Earn more by avoiding capital gains tax
9. Grow tax free
10. Maintain wealth over multiple
generations
50. Charitable planning devices
such as Charitable Gift
Annuities, Gifts of Remainder
Interests in Homes and Farms,
and Charitable Remainder
Trusts produce amazing tax
advantages, reducing income
taxes, capital gain taxes, and
estate taxes
51. But, they also reduce heirsâ inheritance
Heir
Charity Donor
53. Can it pay to be
charitable?
Priscilla wants to sell a $1,000,000
non-income producing zero-basis
asset then spend the interest
income of 5% while
leaving principal for heirs. Her
combined state and federal tax rates
are:
capital gains (23.8%)
income (37%)
estate (40%)
54. Sale
$1,000,000 asset
-$238,000 capital gains tax
Client uses $38,100/year
($762,000 X 5% return)
Heirs receive $457,000
($762,000-$304,800 est. tax)
CRUT
$1,000,000 asset
$0 capital gains tax
$1,000,000 in 5% unitrust
pays $50,000 annually + a
charitable tax deduction of
$300,000 worth $111,000
+ ILIT
Client pays $111,000 initially
and $10,000 annually for a
$400,000 ILIT-owned policy(including post-crummey gift taxes)
Client uses $40,000/year
Charity receives $1,000,000
remainder
Heirs receive $400,000
(tax free from ILIT)
55. John, age 65, at 37% income tax rate, owns $100,000 of
farmland which he would like to use for the rest of his life
then leave to charity, but he also wants to benefit his heirs
56. Giving the remainder interest to charity creates a
deduction of about $80,000 worth about $30,000.
Suppose this will purchase a paid-up policy of about
$50,000+.
John keeps lifetime use of farm
Charity gets 100% of farm at death
Heirs get $50,000+ (estate tax free)
57. 1. Never give cash
2. Use the charitable swap
3. Learn âbunchingâ and other new tricks
4. Give retirement RMD first and more at
death
5. Take deductions today for transfers
tomorrow
6. Match deductions with Roth conversions
7.Buy life
insurance with
tax deductions
8. Earn more by avoiding capital gains tax
9. Grow tax free
10. Maintain wealth over multiple
generations
58. 1. Never give cash
2. Use the charitable swap
3. Learn âbunchingâ and other new tricks
4. Give retirement RMD first and more at
death
5. Take deductions today for transfers
tomorrow
6. Match deductions with Roth conversions
7. Buy life insurance with tax deductions
8.Earn more by
avoiding capital
gains tax
9. Grow tax free
10. Maintain wealth over multiple
generations
59. A client holds a large,
highly appreciated asset
that generates little
income (like developable
land or non-dividend
paying stock). How can
she convert it to income
generating property?
60. Option 1: Sell it. Pay the capital gains tax.
Earn income on the remaining amount.
$1,000,000 stock
$1,000,000 gain (if zero basis)
$238,000 tax (23.8% fed + ?% state)
$762,000 left to invest
61. Option 2: Transfer to a CRT. Earn income for
life on the full amount.
$1,000,000 stock
$1,000,000 gain (if $100,000 cost)
_____$0 tax (CRT pays no tax)
$1,000,000 left to invest
62. Convert a highly appreciated asset that generates little income (like developable
land or non-dividend paying stock) into income generating investments
Simple Sale
$1,000,000 asset
$1,000,000 gain (if zero basis)
$288,000 tax (23.8% fed + 5% state)
$722,000 left to invest-AUM
Or California $629,000 left Charitable Remainder Trust
$1,000,000 asset
$1,000,000 gain (if $100,000 cost)
$0 tax (CRT pays no tax)
$1,000,000 left to invest-AUM
& $100,000+ tax deduction
63. 1. Never give cash
2. Use the charitable swap
3. Learn âbunchingâ and other new tricks
4. Give retirement RMD first and more at
death
5. Take deductions today for transfers
tomorrow
6. Match deductions with Roth conversions
7. Buy life insurance with tax deductions
8.Earn more by
avoiding capital
gains tax
9. Grow tax free
10. Maintain wealth over multiple
generations
64. 1. Never give cash
2. Use the charitable swap
3. Learn âbunchingâ and other new tricks
4. Give retirement RMD first and more at
death
5. Take deductions today for transfers
tomorrow
6. Match deductions with Roth conversions
7. Buy life insurance with tax deductions
8. Earn more by avoiding capital gains tax
9.Grow tax free
10. Maintain wealth over multiple
generations
65. Tax Free Growth Environments
⢠Growth inside a donor
advised fund is tax free
⢠Growth inside a charitable
remainder trust is tax free
(only distributions are taxed)
⢠Growth inside a private
foundation is tax limited
(either 2% or 1% rate)
66. Standard Account
10% growth, 39.6% federal, 5% state
Year 1 $10,000
Year 2 $10,554
Year 3 $11,139
Year 4 $11,756
Year 5 $12,407
⌠âŚ
Year 18 $25,009
Year 19 $26,394
Year 20 $27,856
Donor Advised Fund/PF
10% growth, 39.6% federal, 5% state
Year 1 $10,000
Year 2 $11,000
Year 3 $12,100
Year 4 $13,310
Year 5 $14,641
⌠âŚ
Year 18 $50,544
Year 19 $55,599
Year 20 $61,159
67. ďŠNo upfront capital
gains tax at sale
ďŠTax deferred growth
(only distributions
taxed)
ďŠImmediate tax
deduction
ďŠPost-mortem
management by
family with DAF/PF
beneficiary
A CRT increases assets
68. Will a maximum payout CRUT (with appreciated assets)
give more after-tax dollars to donors & heirs than a direct
investment with no charitable gift?
The Tax
Benefit
$
The
Charitable
Gift $
It dependsâŚ
69. Direct Investment v. Max-Payout CRUT
⢠Age 60 male & 55 female
⢠Vary life span (2012 IAM Table)
⢠Vary returns (historic large cap
std. dev.)
⢠Annual consumption
2.8% of initial investment
then inflation adjusted
⢠20% basis asset
Monte Carlo Simulation of 3,000,000
retirement lifetimes
Yeoman, John C. (2014). The economics of using a
charitable remainder trust to fund a retirement
portfolio. The Journal of Wealth Management, 40-50.
70. (run out of money)
Failure
9.9%
(Average PV of initial $)
Consumed
52.88%
(Average PV of initial $)
for Heirs
47.12%
(any payment below
projected consumption)
Failure
7.9%
(Average PV of initial $)
Consumed
53.10%
(Average PV of initial $)
for Heirs
61.48%
Direct Investment
(No Charitable Gift)
Max Payout CRUT
71. 1. Never give cash
2. Use the charitable swap
3. Learn âbunchingâ and other new tricks
4. Give retirement RMD first and more at
death
5. Take deductions today for transfers
tomorrow
6. Match deductions with Roth conversions
7. Buy life insurance with tax deductions
8. Earn more by avoiding capital gains tax
9.Grow tax free
10. Maintain wealth over multiple
generations
72. 1. Never give cash
2. Use the charitable swap
3. Learn âbunchingâ and other new tricks
4. Give retirement RMD first and more at death
5. Take deductions today for transfers tomorrow
6. Match deductions with Roth conversions
7. Buy life insurance with tax deductions
8. Earn more by avoiding capital gains tax
9. Grow tax free
10.Maintain
wealth over
multiple
generations
73. Keeping wealth together for many
generations is difficult
1. The government takes a chunk
of the assets at each
generation
2. The rest is divided into smaller
pools at each generation for
each beneficiary
3. The government then takes a
chunk of all subsequent
earnings
4. At some point you will have a
greedy, spendthrift heir
74. A donor advised fund or private
foundation holds money and
distributes charitable grants
75. Multi-generational management
Inheritance
⢠Small pools after division by 1/n
children and estate tax
⢠Taxation at each generational transfer
⢠Taxation on all earnings
⢠Risk of greedy spendthrift heirs
Private Foundation/DAF
⢠Big pool with no division
⢠No estate tax
⢠No capital gain tax
⢠No or minimal income tax
⢠Family management (soft power)
76. Foundation can hire an insider to
perform necessary professional or
managerial services (called âpersonal
servicesâ) if compensation is
reasonable
⢠Investment advice
⢠Legal work
⢠Accounting/tax services
⢠Banking
⢠Administrative assistance
The Council on Foundationsâ Foundation Management Report contains compensation information for various positions
77. Reimbursements of reasonable and necessary expenses
such as meals and travel
⢠Travel to foundation board meetings for board
members (and junior board members who perform
some functions in that role)
⢠Travel to grantees or potential grantees sites to
investigate current or potential awards
78. Private foundations
allow for unlimited
multi-generational,
nearly tax-free (1%-2%)
control of wealth, with
ongoing ability to
provide insider travel
and employment for
professional/
management services,
and limiting charitable
activities to founderâs
desires
79. Donor Advised Fund
⢠No minimum payout
⢠Minimal setup & administrative
expense
⢠Expected control of grants
⢠Investment management allowed
with many financial institutions
⢠Legislatively newer
Private foundation
⢠5% minimum payout
⢠Significant setup & administrative
expense
⢠Actual control of grants
⢠Investment management always
allowed
⢠Legislatively stable
⢠Family members can be employed
by or be reimbursed by the
foundation
80. Advanced charitable
strategies to preserve
wealth
⢠Lifetime and testamentary transfers
to private foundation
⢠CRT (spigot) paying for life (if
desired for consumption) then to
family foundation
⢠Zeroed out CLT that pays charitable
interest to family foundation,
excess growth to children
⢠Multi-generational: Testamentary
CRT, income to kids, then to private
foundation run by grandkids
81. 1. Never give cash
2. Use the charitable swap
3. Learn âbunchingâ and other new tricks
4. Give retirement RMD first and more at death
5. Take deductions today for transfers tomorrow
6. Match deductions with Roth conversions
7. Buy life insurance with tax deductions
8. Earn more by avoiding capital gains tax
9. Grow tax free
10.Maintain
wealth over
multiple
generations
82. 1. Never give cash
2. Use the charitable swap
3. Learn âbunchingâ and other new tricks
4. Give retirement RMD first and more at
death
5. Take deductions today for transfers
tomorrow
6. Match deductions with Roth
conversions
7. Buy life insurance with tax deductions
8. Earn more by avoiding capital gains tax
9. Grow tax free
10.Maintain wealth over multiple
generations
The Top 10 Rules