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MCF Insights: A Look at Tax Planning for Retirement

After years of saving and planning for their golden years, many people nearing retirement fail to consider the tax burden they may face on income they receive after they stop working. While you will likely see a reduction in the amount of taxes you owe after the age of 65, you still need to plan ahead if you want to minimize your tax bill from the IRS.

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MCF Insights: The Time for Giving

Why did American charitable donations increase five percent, to over four hundred billion dollars last year? Is it because of the “Halo effect” that makes you feel great when you assist someone in need? Or is it because we truly want to help the people that are less fortunate than ourselves? No matter your reason, most people can agree that charitable giving is a great and necessary action. With the end of the year quickly approaching, the time for increased giving is around the corner as well. This article will provide an alternate view of a few reasons for philanthropic giving.

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