For those age 70 ½ or older who are thinking about their year-end Required Minimum Distributions, you may want to consider using the QCD charitable gift option.
Before you agree to serve on a nonprofit board, ask the right questions about the nonprofit's expectations so the experience is a meaningful one for both of you
In financial planning, we begin discussing year-end matters, such as deferring income, and harvesting tax losses, well before the end of the calendar year.