You’ve heard my reasons why you should consider giving charities appreciated stocks or mutual funds over cash. If your tax situation has changed you may want to consider a Donor Advised Fund to get your tax deduction back.

Holiday feelings are among us and people are making the effort to give to those less fortunate. While cash is accepted by every charity, it may be in your best interest to gift appreciated stocks or mutual funds; this way you get a double tax benefit. you may be able to deduct the value you donated plus wipe out the future capital gain tax. Today I look at how this gifting strategy has affected people living in and out of California. Other topics:

• Gaining exposure to dividend achievers
• Donor Advised Fund to accelerate tax deductions
• Credit and other money matters with your children
• Analyzing your health going into retirement

 

Email your money question to [e-mail] , or call the show at 1-800-516-1220 on Tuesday's and Wednesday's from 6:00-7:00 a.m. (PDT)

 

Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.NewFocusFinancial.com.