Maximize Your Charitable Giving: Tax-Efficient Strategies for Retirees

As the year comes to a close, many retirees are looking for ways to maximize both their generosity and their tax savings. In this episode, we explore tax-efficient charitable giving strategies designed specifically for retirees and near-retirees.

From Qualified Charitable Distributions (QCDs) to donor advised funds, gifting appreciated securities, and advanced approaches like clumping, bunching, and the donate & replace strategy, you’ll learn how to make the most of your giving while minimizing taxes.

We’ll also touch on how recent tax law changes, including the enhanced senior deduction, affect your year-end planning. And beyond the numbers, we’ll discuss the value of involving your family in generosity—passing down a legacy of giving that outlives you.

If you want to finish the year strong with smart, impactful giving, this video is for you.

Topics covered:

• Qualified Charitable Distributions (QCDs) explained
• Donating appreciated stock vs. cash
• Percentage limitations on charitable gifts
• Clumping and bunching strategies
• The “donate & replace” approach
• Donor advised funds made simple
• Involving family in your charitable giving


This content was provided by Retirement Planning Services. We are located in Knoxville, TN. You can learn more about us, or schedule an insight call by visiting our website at https://www.seriousretirement.com.

Timestamps:

00:00 – Why year-end is the best time for charitable giving
00:31 – What changed in tax law & why it matters for retirees
01:11 – Qualified Charitable Distributions (QCDs) explained
02:23 – How QCDs reduce taxable income
03:15 – Donating appreciated securities instead of cash
04:34 – Percentage limitations on charitable giving
06:27 – Clumping & bunching strategies to maximize deductions
10:08 – The “Donate & Replace” strategy explained
12:11 – Solving the unknown cost basis conundrum
13:00 – Donor advised funds made simple
15:33 – Involving your family in charitable giving
16:47 – Final thoughts & next steps for retirees
17:14 - Summary & Disclosures

Advisory services offered through Retirement Planning Services, LLC.

The information in this recording is intended for general educational and informational purposes only, and should not be construed as investment advisory, financial planning, legal, tax, or other professional advice based on your specific situation. Please consult with your professional advisor(s) before taking any action based on its contents.