Top year-end tax planning tool - DONOR ADVISED FUNDS

One of the most flexible tax planning tools is a donor advised fund. These accounts allow individuals to create tax deductions to a specific dollar amount which can be very handy if you're trying to keep your income below certain thresholds or offset irregular income such as capital gains. In this video, we illustrate a tax planning case that reduces the client's tax bill by about $12,500. The example was inspired by a real world case.

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👉 My professional focus is retirement planning for individuals age 55+. Please visit my website or reach out for a conversation. Thanks for watching! 😀

Ted Erhart, CFP®
Financial Planner
Anoka, Minnesota
www.norrislakeretirement.com
  / ted-erhart-cfp%c2%ae-4969939  
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Norris Lake Financial Planning is a SEC registered investment advisor able to conduct advisory business in states where it is registered, exempt or excluded from registration. All contents contained herein should not be construed as an offer or solicitation for investment advice or for the offer or sale of any security, insurance or other investment product. Data contained here is obtained from believed reliable sources, however, cannot be guaranteed. Investments contain a risk of loss. Please consult a qualified legal, tax or accounting professional before implementing any investment or strategy discussed.