Regularly purchasing securities at their lowest value and selling them at their highest value is about as likely as winning the lottery. But there is a charitable way to time the market—not in the sense of attempting to predict market price movements but rather by making timely adjustments to a trust portfolio without the constraints imposed by taxation of gain.
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Likely your IRA, 401(k), or other retirement fund is one of your largest assets. If the fund is larger than you and your family will likely need for retirement security, you may have considered using some portion of it for a charitable gift. From a tax standpoint, that could be a wise move. The manner… Read more »
You may know that if you itemize deductions, you recover some of the capital from a charitable gift. But you may not be aware of a plan whereby you not only realize immediate tax savings but may also recover substantially all of your capital after a certain number of years.
Your retirement plans are very likely a significant portion of your net worth. And because of special tax considerations, they could make an excellent choice for funding a charitable gift. Retirement plans include assets held in individual retirement accounts (IRAs), 401(k) plans, profit-sharing plans, Keogh plans, and 403(b) plans. Lifetime Gifts Estate Gifts
The scholarships I have received from the School of Music and the Raymond F. Dvorak Scholarship have been very important for my family. The financial assistance provided through these scholarships really have been of much use in reducing the net cost of my schooling and that has allowed me to be able to continue experiencing all of these great things that I have been able to do up here at UW, so I am extremely thankful!