Donor-Advised Funds: How Retirees Turn a Big Tax Bill Into a Charitable Legacy
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Consider a composite retired couple, both 72. They own $100,000 of stock they bought decades ago for $20,000, and every year they write $10,000 in checks to their church and the local food bank. Now they want to trim the position. If they sell first, they set off a chain of taxes and Medicare surcharges worth about $20,230.
A cleaner path runs through a donor-advised fund. If
Consider a composite retired couple, both 72. They own $100,000 of stock they bought decades ago for $20,000, and every year they write $10,000 in checks to their church and the local food bank. Now they want to trim the position. If they sell first, they set off a chain of taxes and Medicare surcharges worth about $20,230.
A cleaner path runs through a donor-advised fund. If
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