Investment Planning with Charitable Gifts and HCR Wealth Advisors

HCR WEALTH ADVISORSuccessful investors are often looking at this time of the year for charitable contributions.  Appropriate planning for charitable gifts can help improve the impact for a donation while also alleviating the tax impact for yourself.  With consideration of donation amounts, there are many reasons to understand stock versus cash gifts for charities.  The donated stock that is given directly to a charity can provide a benefit of a tax deduction for the stocks’ full fair market value.  The resulting benefit can be a larger sized donation to the charity if there is no capital tax gains.  With any types of charitable gifts, there are good reasons to evaluate stock versus cash and a professional firm is available to help you with the process.  HCR Wealth Advisors works to establish relationships through education, trust, and service. 

A simple donation of cash can decrease a person’s taxable income by the gifted amount and reduce the tax liability.  A donation of stock can make it easier to provide a larger dollar amount to the charitable organization and increase the deduction through the process.  Cash donations are excellent but there may be more reasons to donate stock instead.  HCR Wealth Advisors is experienced working with clients through the process of a stock versus cash gift analysis.

Similar to cash, stock donations are able to be tax-deductible for those people that itemize their deductions. There are recent changes with tax laws, so it helps to work with a professional firm for any reviews of maximizing your donations and possibly reducing your tax liability for your own portfolio.  Any taxes such as capital gains might need to be researched for federal and state.  With HCR Wealth Advisors, you can get assistance as you create personalized financial strategies.  The registered RIA firm can also help if you are considering your options to purchase a different investment to maintain a desired asset allocation.

This article is provided for informational purposes only and should not be interpreted as investment advice.