Legacy Archives - Rodgers & Associates

Are Gifts to Children Tax-Deductible?

Richard Elias

There is a way to get a partial deduction for money that will eventually go to your children. A chari­table lead annuity trust gifts money to a charity first, and then passes assets to your benefi­ciaries.

What Lessons Can Philanthropy Teach Us?

Jeremie Patrick

Merriam-Webster defines philan­thropy as “goodwill to fellow members of the human race, an active effort to promote human welfare, or an act or gift done or made for human­i­tarian purposes.”…

Non-Profit Pledge Obligations: What You Need to Know

Rick Rodgers

Your favorite non-profit is running a capital campaign. They approach you for support asking for an amount larger than you are willing to write a check for today. No problem. You can…

Qualified Charitable Distributions Now Permanent

Rick Rodgers

President Obama signed into law the Protecting Americans from Tax Hikes (PATH) Act of 2015 on December 18th. The new law extended over 50 expired provi­sions of the tax code.…

The Tax Advantages of Charitable Remainder Trusts

Rick Rodgers

What happens when you combine aging baby boomers and a stock market reaching all-time highs? A renewed interest in chari­table remainder trusts (CRT). The oldest of America’s 72 million baby boomers are…

What You Need to Know About IRA Withdrawals

Rick Rodgers

IRAs have some quirky rules. There is a penalty for withdrawing money from IRA before age 59 ½ but there are excep­tions. You must begin taking money from your IRA at age…

Helping or Spoiling?

Rick Rodgers

That’s the question a parent must ponder when an adult child asks for financial assis­tance. One of the greatest parts of being a parent occurs when you become a grand­parent. So, it is…