Month: January 2024
Understanding Charitable Giving Tax Implications To Maximize Your Impact (Ep.13)

Understanding Charitable Giving Tax Implications To Maximize Your Impact (Ep.13)

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Do you plan on donating money to your favorite charities?

First, let’s understand the tax implications so you can maximize your charitable impact.

In this release, Ryan Poterack discusses the nuances of charitable giving. He describes the strategies like qualified charitable distributions and donor-advised funds, and the benefits of donating appreciated assets. 

Ryan is eager to offer detailed advice, emphasizing the importance of professional guidance for individual financial situations. 

Ryan discusses:

  • Qualified charitable distributions and why they’re a smart move for retirement savings
  • How donor-advised funds offer flexibility in your philanthropy
  • The win-win scenario of donating your appreciated assets 
  • The value of seeking professional guidance when making these emotional decisions

Resources:

Connect with Ryan Poterack: 

Connect with Poterack Capital Advisory: 

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The Most Essential Conversations You Need to Have About Estate Planning (Ep. 11)

The Most Essential Conversations You Need to Have About Estate Planning (Ep. 11)

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Not all conversations about money are going to be comfortable, especially the conversation about what happens to your assets after you pass away.

This week, Ryan Poterack discusses the value of having conversations about money and estate planning early on in life. Ryan highlights the emotional aspects of these discussions and the role of a wealth manager in facilitating them. 

This episode also covers the necessity of including children in estate planning conversations and the potential for disagreements. Ryan then goes on to emphasize the value of having a plan and how to thoroughly communicate it to loved ones.

Talking points include: 

  • How to start conversations about estate planning with your loved ones
  • The most common mistakes people make when creating an estate plan (and how to avoid them)
  • The emotional aspect of having these conversations and why it’s up to the parents to decide when to initiate them
  • The roles associated with an estate plan (including power of attorney, financial power of attorney, and the executor)
  • And more!

Resources:

Connect with Ryan Poterack: 

Connect with Poterack Capital Advisory: 

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