Give Your Best Gift
Tax-Wise Planning to Help Make the Most of Your Giving
What could be more rewarding than the feeling of giving – especially when you know it will help someone in a meaningful way with no strings attached?
If you plan your giving in a tax-wise way, you may be able to do just that.
Giving Now: 3 Tax-Wise Questions to Consider
When you give, it's important to have a plan for how you'll give and to understand the tax implications of your strategy.
As you plan your giving, ask yourself these key questions:
- How will tax law changes affect my giving decisions?
- Should I give a lump sum rather than smaller amounts over the period of a few years?
- Can I leverage distributions from my retirement accounts to give more efficiently?
Be sure to consider the broader impact of your giving plan.
Are you prepared to pass on as much as you can to those you love after you're gone? The secret: Have a plan for how you'll move your assets.
A wisely crafted plan can help alleviate confusion for your beneficiaries, complex legal situations and unexpected tax consequences.
1 Thrivent and its financial professionals do not provide legal, accounting, or tax advice. Consult your attorney or tax professional.