Tag: Charitable Giving
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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Can We Have Too Much Money? Understanding The Purpose of Our Money (Ep. 8)

Can We Have Too Much Money? Understanding The Purpose of Our Money (Ep. 8)

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“Your eyes are bigger than your belly.”

Have you heard this saying? (You eat too much of something good and end up feeling not-so-good afterward!)

Now, let’s apply it to our finances. Can we have too much money? How much is enough for retirement?

In this episode, Ryan Poterack discusses the purpose of money, focusing on its role during retirement. Ryan explains why wealth accumulation is not about greed but about maintaining a lifestyle and potentially giving back. 

Ryan uncovers: 

  • Tips on determining how much is enough for personal retirement goals and needs
  • The influence of social media on retirement expectations
  • Ways societal pressures influence people’s financial desires
  • The role of charitable giving in retirement and how to start creating a legacy plan
  • How listening to our personal needs and circumstances can help us know when is the right time to retire
  • And more!

Resources:

Connect with Ryan Poterack: 

Connect with Poterack Capital Advisory: 

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Let’s Talk About Tax Planning & How It Can Enhance Your Retirement Savings (Ep. 5)

Let’s Talk About Tax Planning & How It Can Enhance Your Retirement Savings (Ep. 5)

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What’s the difference between tax preparation and tax planning?

Believe it or not, knowing the difference can help you navigate (the often dreaded) tax season!

In this episode, Ryan Poterack reveals why tax planning is a year-round process. He talks about the contrast between tax preparation and tax planning while emphasizing the value of taking proactive steps for your future tax years.

Ryan discusses: 

  • Reasons you should pay your taxes as soon as you get them
  • The options available when you need help with your taxes
  • The advantages of paying taxes through strategies like donor-advised funds and Roth conversions
  • His unique approach to tax refunds and checks
  • The importance of working with a wealth manager who focuses on tax planning and mitigation 
  • And more!

Resources:

Connect with Ryan Poterack: 

Connect with Poterack Capital Advisory: 

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