The Basics of Charitable Giving: Cash, Stock, IRAs

Are you making the most of your charitable giving?

This week, Matt Nelson and Jacob LaRue explore the essentials of charitable giving, focusing on how to align charitable contributions with financial goals while optimizing tax savings.

The episode outlines the importance of prioritizing values over tax savings, covers key methods of giving, and provides strategies for maximizing the benefits of donations.

They Discuss:

• The importance of prioritizing your values over tax savings when engaging in charitable giving
• An overview of tax considerations and limitations on charitable contributions
• Strategies for donating low-basis stock and how it can be more beneficial than cash donations
• The benefits of Qualified Charitable Distributions (QCDs) for retirees, especially those with required minimum distributions (RMDs)
• And more!

Resources for The Basics of Charitable Giving:

• What Issues Should I Consider When Establishing My Charitable Giving Strategy?
• Five Charitable Planning Ideas to Share During Tax Season – Schwab

Listen to The Basics of Charitable Giving Now!

Apple Podcasts → https://bit.ly/3GGW1Da

Spotify → https://bit.ly/3TofDDW

About Matthew Nelson

Matt has over 20 years of experience in the financial services industry. He is passionate about helping MedTech professionals maximize their benefits, reduce their taxes, and plan for financial freedom. As the Founder, Managing Partner, and Senior Financial Advisor at Perspective 6 Group, he leads a team of dedicated professionals. The team provides comprehensive and personalized financial planning and investment management services to our clients.

As a CERTIFIED FINANCIAL PLANNER™ (CFP®), Accredited Investment Fiduciary® (AIF®), and Equity Compensation Associate (ECA) Matt specializes in helping our clients navigate the complex and evolving landscape of equity compensation, financial independence, portfolio management, and income tax minimization. Further, he leverages his experience as a private equity investor at Focus Financial Network, Inc., to offer strategic insights and guidance on business succession, valuation, and exit planning. Matt’s mission is to empower our clients to achieve their financial and personal goals with confidence and clarity.