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One Impactful Financial Planning Tip for the Season of Giving

We are blessed to work with wonderful people that generously gift time and financial assistance to numerous deserving charities. During this season of giving we want to share one smart gifting strategy.

Gift Low Cost Basis Stock

The U.S. stock market (mainly large companies) has significantly increased since the great recession of 2008. Rather than writing a check this year, take a look at your investment portfolio and gift stocks or mutual funds with a low cost basis. There are three main benefits:

  1. The charity will benefit from today’s high market value
  2. You will receive a charitable donation for the full value
  3. You can bypass paying capital gains tax on the sale of the security (For some of us, the long-term capital gains tax rate is as high as 23.8%)

Utilize this strategy for your own giving and share it with others. Many people are unaware that this is a beneficial strategy to them and their charity is just as happy receiving securities as a check.

We thank you for your tremendous support. 2014 was a prosperous year and we would never have been able to do it without you.

Happy Holidays!