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How to Structure Charitable Giving Throughout Your Lifetime

Charitable giving is a way for affluent individuals spread their money around and to benefit causes that are near and dear to their hearts. Yet, for those who fall into the high net worth category, it is critical to structure charitable giving correctly so that you will reap the tax benefits while making the greatest impact. Below are just a few possibilities on how structuring your charitable giving will provide you with the most benefit. Donor-Advised Funds With a donor-advised fund, you will
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How to Evaluate a Charity and Whether to Donate

Responsible giving doesn't only involve making sure to help those in need, but also ensuring that you perform your proper research by evaluating the charity. Proper evaluation will help you to make sure that your funds are being used in the way you wish them to be and can help you leave the impact you desire. There are many ways to vet charities, such as performing online research to help you identify charities that focus on your desired causes. But if you want some tips on where to start, b
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Charitable Giving and Donating Toys

As the holidays approach, many children start to make wish lists, but unfortunately, not all children have someone to give them gifts. Luckily, there are many charities that help get holiday gifts and joy to children. If you're thinking about donating toys this holiday season, here is what you need to know. Charities That Accept ToysVarious charities around the country accept used toys all year long. These include Goodwill, Salvation Army, and local thrift stores. Typically, these organ
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End of Year Planning: Set Goals and Reduce Taxes

By the last third of the calendar year, you're likely to have a pretty good idea of what your annual income will be and whether any major expenses or big life changes await you. This can allow you to engage in more robust tax planning, creating the first draft of your federal and state income tax returns to see what factors you can tweak and what goals you can set to reduce your overall tax burden. Read on for some points to consider as you close out 2020.Maximize Your Retirement SavingsBy k
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Military Families and Financial Planning

As a military family, you often have to deal with the stress of moving relatively frequently or potentially getting deployed. Managing your finances through these situations takes some finesse. To help ensure you're moving in the right direction, keep these tips in mind.   1. Set Aside Cash Reserves Whether you are military or not, you should ideally always have enough cash on hand to cover a few months of expenses. Then, if you ever face an interruption in your earning potential,
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