charity


Nutshell tax changes for my clients over 70

RMDs are suspended for 2020! That means that we do not HAVE to take a distribution. You still can, of course, you just aren’t being required to. It’s still a good idea to use up low tax brackets with IRA distributions even if you’re not being forced. I’ll be revisiting this for all my ProsperiTea Planning retainer clients during our regular tax planning meetings. If you’ve already taken them in 2020 you can roll it back in […]


Charity

The Tuesday after Thanksgiving this year is designated locally as “Giving Tuesday.” A company called Razoo has figured out how to gamify giving. I don’t want to stop anyone from playing if they’re so inclined. Far be it from me to tell you social media has no redeeming qualities. But there are a lot of different ways to think about charitable giving. First, it’s good for you. There’s a fairly new field of study called […]


Five characteristics of financial wellness

I work closely with the finances of hundreds (and over the years, thousands) of people.  I learned early on that income doesn’t correlate to happiness once you get past starvation level.  But in recent years I’ve really been noticing that feeling rich is almost entirely unrelated to income levels.    For the past year or so I’ve been trying to nail down what being “wealthy” actually means. I think a better term for “wealthy” is […]