Tag: Standard Deduction
The Basics of Charitable Giving: Cash, Stocks, IRAs (Ep. 27)

The Basics of Charitable Giving: Cash, Stocks, IRAs (Ep. 27)

By |

Are you making the most of your contributions?

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!

Connect with Matt Nelson:    

Connect with Jacob LaRue:

Connect with Perspective 6 Group:       

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More
Important Tax Planning Numbers for 2024 (Ep. 11)

Important Tax Planning Numbers for 2024 (Ep. 11)

By |

Limits, Contributions, Deductions – Do you know the critical updates for each in 2024?

Join Matt Nelson, CFP® & Jacob LaRue, CFP® in the latest episode of the MedTech Wealth Advisor Podcast. Together they share insights for professionals and entrepreneurs, providing essential tax planning strategies and contribution limits to set you up for success this year.

Key Highlights:

  • 2024 Contribution Limits: Discover updated limits for 401(k)s and HSAs, explained for different age groups
  • Optimal Contribution Strategy: Learn how to strategically prioritize contributions to maximize benefits
  • Comprehensive 401(k) Limits: Gain insights into the total contribution limits, encompassing all sources
  • Pre-Tax vs. Roth Contributions: Understand the combined contribution limits for different 401(k) types
  • Tax Bracket Tactics: Explore how to utilize tax brackets for efficient contribution strategies
  • Income Phase-Outs: Learn how rising income affects eligibility for savings plans
  • Social Security and Medicare Planning: Get strategies for managing benefits and premiums based on income and age
  • Capital Gains and Deductions: Master tactics for high earners to optimize taxes and deductions
  • And much more!

 

Resources:

Connect with Matt Nelson:   

Connect with Jacob LaRue:   

 Connect with Perspective 6 Group:       

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More