Tag: Tax Planning

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How to Incorporate Charitable Giving into Your Financial Plan (Ep. 126)

How to Incorporate Charitable Giving into Your Financial Plan (Ep. 126)

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Are you maximizing the tax benefits of your charitable donations?

In this episode of Wealth Is In The Details, Peter Raskin dives into the topic of charitable giving, exploring how to frame philanthropy within your financial plan. Learn about the three types of givers and discover tax-efficient strategies such as donor-advised funds and charitable remainder trusts. Peter shares insightful case studies to illustrate how tailored charitable planning can align with both your philanthropic and financial goals. Whether you’re new to philanthropy or looking to enhance your giving strategy, this episode offers valuable tips for everyone.

Tune in to learn how strategic philanthropic contributions can enhance your giving and reduce your tax liabilities.

Peter discusses:

  • The different motivations behind charitable giving—from personal satisfaction to tax benefits
  • How donor-advised funds can simplify and optimize your charitable contributions
  • The tax advantages of qualified charitable distributions from retirement accounts
  • How to involve your family in philanthropic planning, fostering a legacy of giving
  • And more!

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Disclosure: 

This is not intended to be a substitute for professional investment advice. Always seek the advice of your financial adviser or other qualified financial service providers with any questions you may have regarding your investment planning.

Securities and investment advisory services offered through Osaic FA, Inc., member FINRA/SIPC. Osaic FA is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic FA.

Osaic FA, Inc. and its representatives do not offer tax or legal advice. Individuals should consult their tax or legal professionals regarding their specific circumstances.

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How Upcoming Tax Changes Could Impact Your Finances (Ep. 125)

How Upcoming Tax Changes Could Impact Your Finances (Ep. 125)

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Are you ready to navigate the potential tax changes on the horizon?

Understanding how upcoming tax law changes can impact your financial plan is critical! Get ahead of these changes with proactive planning.

In this episode of Wealth Is In The Details, Peter Raskin discusses the implications of upcoming tax law changes and how they might impact your financial planning strategies. He explores the nuances of the Tax Cut and Jobs Act of 2017, scheduled changes in 2026, and provides advice on how to prepare wisely. Tune in to understand the importance of working with financial professionals and gain insights into proactive tax planning.

Peter discusses:

  • How the sunset of the Tax Cut and Jobs Act of 2017 could alter tax brackets and deductions
  • The potential impact on federal estate taxes and high-net-worth individuals
  • Why it’s important for us to time our income and deductions ahead of 2026 changes
  • Collaborating with accountants and financial planners to navigate tax law complexities

Resources

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Schedule Time with Peter

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Disclosure:

This is not intended to be a substitute for professional investment advice. Always

seek the advice of your financial adviser or other qualified financial service providers with any

questions you may have regarding your investment planning.

Securities and investment advisory services offered through Osaic FA, Inc., member

FINRA/SIPC. Osaic FA is separately owned and other entities and/or marketing names,

products or services referenced here are independent of Osaic FA.

Osaic FA, Inc. and its representatives do not offer tax or legal advice. Individuals should

consult their tax or legal professionals regarding their specific circumstances.
Mastering Year-Round Tax Planning: Strategies for a Financially Savvy Year-End (Ep. 111)

Mastering Year-Round Tax Planning: Strategies for a Financially Savvy Year-End (Ep. 111)

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The clock is ticking, days are getting shorter and cooler, and it is hard to believe that Thanksgiving and Christmas are just around the corner. But from a financial perspective, we have less than two months to do tax planning, so what should you be thinking about?

In this episode, Peter Raskin discusses the importance of year-round tax planning. He highlights five key considerations: understanding one’s tax bracket, Roth conversions, charitable giving, gifting strategies, and realizing capital gains and losses. Peter emphasizes the benefits of Roth IRAs and the impact of charitable gifts on communities. He also explains the tax implications of holding mutual funds and the strategy of realizing capital gains and losses.

Peter discusses:

  • Why tax planning should be done year-round, not just at year-end
  • Five tax planning considerations that are impactful over a longer period
  • Tax bracket planning and understanding marginal tax brackets
  • The importance of working with a tax advisor throughout the tax planning process
  • Advantages of Roth conversions and avoiding higher tax brackets
  • The tax advantages of charitable giving and gifting
  • Realizing capital gains and losses throughout the year as a tax strategy

Resources

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Schedule Time with Peter

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Disclosure: This is not intended to be a substitute for professional investment advice. Always seek the advice of your financial adviser or other qualified financial service providers with any questions you may have regarding your investment planning.

Peter Raskin is a registered representative of Lincoln Financial Advisors.

Securities offered through Lincoln Financial Advisors Corp., a broker/dealer. Member SIPC. Investment advisory services offered through Sagemark Consulting, a division of Lincoln Financial Advisors, a registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies. Raskin Planning Group is not an affiliate of Lincoln Financial Advisors.

Lincoln Financial Advisors Corp. and its representatives do not provide legal or tax advice. You may want to consult a legal or tax advisor regarding any legal or tax information as it relates to your personal circumstances.

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How The Opportunity Zone Legislation Can Help Maximize Tax Benefits with Nino Balduzzi (Ep. 104)

How The Opportunity Zone Legislation Can Help Maximize Tax Benefits with Nino Balduzzi (Ep. 104)

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How can the opportunity zone legislation help you maximize your tax benefits? Investors can defer capital gains with opportunity zones.

In this episode, Peter Raskin speaks with Nino Balduzzi of Griffin Capital about the Opportunity Zone legislation, an investment strategy that incentivizes real estate development in specific census tracks across the country by allowing investors to defer capital gains and potentially receive tax-free appreciation on investments. Nino explains that the legislation designates certain census tracks as Opportunity Zones, aimed at driving economic development in low-income communities. He discusses the benefits of the legislation, including deferral of capital gains and tax-free appreciation on investments held for ten years or more. They also discuss the different phases and timelines involved in investing in qualified opportunity zone funds.

Nino discusses:

  • His role at Griffin Capital
  • Who can benefit from this tax strategy
  • What an opportunity fund is, how this one was developed, and its advantages
  • What kind of properties are being developed
  • What an opportunity zone is for these real estate developments
  • The timeline of the different phases of investing in one of these properties
  • How long investors have to invest in these qualified opportunity zone funds

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Disclosure: This is not intended to be a substitute for professional investment advice. Always seek the advice of your financial adviser or other qualified financial service providers with any questions you may have regarding your investment planning.

Peter Raskin is a registered representative of Lincoln Financial Advisors.

Securities offered through Lincoln Financial Advisors Corp., a broker/dealer. Member SIPC. Investment advisory services offered through Sagemark Consulting, a division of Lincoln Financial Advisors, a registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies. Raskin Planning Group is not an affiliate of Lincoln Financial Advisors.

Lincoln Financial Advisors Corp. and its representatives do not provide legal or tax advice. You may want to consult a legal or tax advisor regarding any legal or tax information as it relates to your personal circumstances.

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64. The Reliable Bonds Of Your Portfolio with Stan Sattler

64. The Reliable Bonds Of Your Portfolio with Stan Sattler

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The media always talks about how you should invest and why you should avoid high interest bonds. But what is the real truth about bonds?

In this episode, Peter Raskin is joined by Stan Sattler, vice president of Belle Haven Investments. Stan discusses what bonds are, how they work within your portfolio and the potential risks and rewards for investing in bonds.

Stan discusses:

  • The role of bonds within your portfolio
  • Why higher interest rates in your bonds can be beneficial
  • The importance of choosing the right type of bonds for your goals
  • And more

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Connect with Stan: 

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Disclosure: This is not intended to be a substitute for professional investment advice. Always seek the advice of your financial adviser or other qualified financial service providers with any questions you may have regarding your investment planning.

Peter Raskin is a registered representative of Lincoln Financial Advisors.

Securities offered through Lincoln Financial Advisors Corp., a broker/dealer. Member SIPC. Investment advisory services offered through Sagemark Consulting, a division of Lincoln Financial Advisors, a registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies. Raskin Planning Group is not an affiliate of Lincoln Financial Advisors.

Lincoln Financial Advisors Corp. and its representatives do not provide legal or tax advice. You may want to consult a legal or tax advisor regarding any legal or tax information as it relates to your personal circumstances.

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Episode 52: Giving to Create a Legacy

Episode 52: Giving to Create a Legacy

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There is great power in giving to your loved ones as a part of your legacy. 

But since legacy gifts can be life-altering for those who receive them, it’s crucial to plan ahead. 

In this episode of Wealth Is In The Details, join Peter Raskin as he navigates the path of gifting assets to create a legacy. He shares must-know planning tips around the monetary and emotional components of legacy giving and shares ways you can start planning for your legacy today. 

 In this episode, you will learn:

  • The importance of a comprehensive plan when passing down a legacy and gifting assets 
  • How taxes and tax rules differ when giving and receiving a family legacy or gift 
  • Why tax planning should be involved in your legacy planning process
  • How an education-related 529 plan can create tax-free earnings 
  • And more!

Listen today to learn the financial and non-financial considerations that come with passing down your legacy through gifting!

Resources: Raskin Planning Group  | Peter Raskin

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Disclosure: This is not intended to be a substitute for professional investment advice. Always seek the advice of your financial adviser or other qualified financial service providers with any questions you may have regarding your investment planning.

Peter Raskin is a registered representative of Lincoln Financial Advisors.