Unveiling Tax Secrets: Retirees Can Multiply Savings Into Millions

Or listen on:

Episode Description

Imagine saving thousands of dollars on taxes while making a difference in the lives of others. Sounds too good to be true, right? In this power-packed episode, we reveal how you can maximize your tax deductions through charitable giving and even ensure your kids are taken care of in the process.

We explore financial planning strategies for giving, such as layering different methods to make the most of your donations. We discuss donor-advised funds, decreasing capital gains, and Qualified Charitable Distributions (QCDs).

We dive into maximizing charitable giving efficiency by identifying the most highly appreciated investments in your portfolio and transferring those securities to a charity of your choice. We also explore how you can use RMDs and donor-advised funds for tax deductions. We aim to help organizations and donors understand the most tax-efficient ways to gift.

If you operate a non-profit or serve on a board of a local charity, we also share how to introduce these ideas to donors. Don't miss this opportunity to learn how you can make a difference while saving on taxes!

_________________________________________________________________________

Thanks to our sponsor, S.E.E.D. Planning Group! S.E.E.D. is a fee-only financial planning firm with a fiduciary obligation to put your best interest first. Schedule your free discovery meeting at www.seedpg.com

📧 For more information or to get in touch with us, visit https://www.ditchthesuits.com/ or email us at info@ditchthesuits.com

👍🏼 You can also follow us on social media at @ditchthesuits

✅ Facebook - https://www.facebook.com/DitchTheSuits

✅ Instagram - https://www.instagram.com/ditchthesuits/

✅ Twitter - https://twitter.com/DitchtheSuits

⭐⭐⭐⭐⭐ We'd also love for you to subscribe to this podcast and leave a 5-star rating and review

‍

Episode Transcript

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.