Fred Kaynor, Managing Director, Relationship Management, Marketing & Partnerships, and Ruby Pediangco, Senior Manager, Tax, Trust & Estate for Schwab Charitable™ will be joined by Michael Townsend, Managing Director, Legislative and Regulatory Affairs for Charles Schwab & Co., Inc., to discuss year-end giving strategies and the intersection with taxes and public policy.
The majority of affluent households in the U.S. give generously to charity,* so it is important for advisors to engage with their clients regarding charitable giving. Not only do these discussions add value to clients because they can potentially pay less in taxes and give more to the causes they care about, but they also lead to deeper client relationships and allow advisors to build connections with the next generation.
Schwab Charitable has published five actions for year-end 2023 that can help advisors increase the impact of their clients’ giving while reducing taxes. These actions include considering the timing of deductions, bunching gifts to hurdle the 2023 standard deduction, considerations for giving in cash vs non-cash assets, and how giving can interact with IRAs, Qualified Charitable Distributions (QCDs), and taxable events in retirement.
WEBCAST – Policy, Politics, and Charitable Giving: The Latest News and Year-end Giving Strategies
The current environment in DC is unpredictable to say the least. How may a potential government shutdown, high interest rates, and an upcoming presidential race impact investors? And how might a looming debate over taxes affect charitable giving downstream? Join specialists from Charles Schwab and Schwab Charitable™ for a discussion about the latest policy developments in Washington and the importance of exploring tax-smart giving strategies with your clients in 2023.
Topics include:
- An update on the fiscal policy situation, rules regarding retirement savings, and the regulatory environment
- How the election may influence the 2017 tax cuts, which are set to expire in 2025
- Charitable trends and the current giving environment
- Tax-efficient charitable giving strategies to consider before year-end
- Award-winning philanthropic resources to help you develop deeper client relationships
Accepted for 1 CFP® / IWI / CFA CE Credit
* 2023 Bank of America Study of Philanthropy: Charitable Giving by Affluent Households
Schwab Charitable™ is the name used for the combined programs and services of Schwab Charitable Fund™, an independent nonprofit organization. Schwab Charitable Fund has entered into service agreements with certain affiliates of The Charles Schwab Corporation.