Perspectives & News

A list of things to consider as you think about year-end charitable donations

It’s a debate that will invariably take center stage during the upcoming Presidential election: taxes. And the federal tax bill – or lack thereof – from huge, profitable companies is always fodder for candidates to attack. Consider the recent headlines screaming that:

Is the Santa Rally only a coincidence because it happens to fall in the month of December – which has historically been the best month for the equity markets?

While the Federal government has created a number of tax-advantaged savings accounts designed to help lower- and middle-income workers save for retirement, these plans tend be less useful for employees earning larger salaries.

Minimizing income taxes is a powerful way to potentially add years to your portfolio, with no need to outguess the markets. If your portfolio is upside-down from a tax perspective, turning it around it could significantly strengthen your retirement.

The Federal Reserve, once the institution that rarely spoke, sure seems to find itself in the news a lot this year.