Matt Regan No Comments

Donor Advised Funds (DAF) | One Minute Tax Tips

This week’s One Minute Tax Tip discusses managing your #charitablegiving in a tax-smart way by considering opening and funding a DAF, or donor advised fund.

In addition to the benefit of potentially receiving an immediate #incometaxdeduction, opening and funding a DAF allows you to transfer and donate stocks, bonds, and other appreciated investments, helping you to avoid paying capital gains taxes on them. Plus, you get to name your DAF whatever you may like (i.e. “The Jones Family Foundation” or “The Smith Philathropic Fund”)!

Click below to watch Matt’s 60 second video to better understand what this strategy entails, why 2020 might be an excellent year to open and fund a DAF, and email us at info@towerpointweath.com to discuss if this planning opportunity may make sense for you.

Towerpoint Wealth No Comments

One Minute Tax Tips – Roth IRA conversions

Wealth advisor Matt Regan, with the first in a weekly series, One Minute Tax Tips, discussing Roth IRA conversions.

In today’s low (and possibly temporary) current income tax environment, considering paying some tax *this year*, in 2020, to do a partial Roth conversion and gain the benefit of having sheltered additional money in a tax free Roth IRA may make sense.

Watch Matt’s 60 second video to better understand what this strategy entails, and email us at info@towerpointwealth.com to discuss if this strategy may make sense for you.