Has the percentage of the world population that lives in extreme poverty almost doubled, almost halved or stayed the same over the past 20 years? When the Swedish statistician and public health expert Hans Rosling began asking people that question in 2013, he was astounded by their responses. Only 5% of 1,005 Americans got the […]
What’s a QCD—and Why Taxpayers Need to Know the Answer Now
Thanks to tax-law changes, qualified charitable distributions are more attractive than ever for IRA holders
Sept. 23, 2018 10:02 p.m. ET
Older adults who donate to charities—and don’t like taxes—need to get very familiar, very quickly, with qualified charitable distributions.
That’s the advice financial planners are giving […]
Francis Bacon once said, “With charity there is no excess” – a powerful statement that the IRS would amend to add, “but with limitations.” When it comes to charitable donations, you are allowed to deduct 50% of your charitable donations only as an itemized deduction. However, with the recent implementation of the Tax Cuts and […]
While many Americans are aware that health care expenses will be significant during retirement, it can be tough to decipher exact amounts to set aside for medical treatment. Four out of five workers have not calculated how much they will need for health costs in retirement, according to a 2018 Employee Benefit Research Institute and […]