How many of you know that charities do not pay taxes? So if you gift your favorite charity your long-term highly appreciated stock, you get the tax benefit from the whole amount and the gains are effectively tax-free.
By implementing a system that uses return stacking to enhance portfolio efficiency, applies probability of failure decision rules to optimize withdrawals, and strategically manages taxes across account types, retirees can significantly improve their financial security throughout retirement while maximizing their standard of living.
Independent Financial Planning, LLC is a Virginia registered investment advisor.