MAKING CENTS: Gifts that keep on Giving for those you Love Most
Many folks have begun making progress with their year-end and holiday gifting. Just in case you’re typically one of those last-minute shoppers with no idea what to get for your closest family members, consider helping them get some financial things done that are frequently unattended. For young children, consider a 529 college savings plan. Most…
Making Cents: Year End Gifting Unwrapped
We always get a lot of questions surrounding gifts. Most of the questions are about either charitable giving or family gifts. Starting with gifts to family, the tax code permits annual gifts to be excluded from gift taxes if it’s less than $17,000 per donor and donee. That means you can give up to $17K…
Making Cents: Guidance On Last-Minute Contributions
Many have spent the last month racking their brains thinking about gifts for their loved ones, friends or service providers. Yet when it comes to charitable contributions, many simply give at the end of the year without much thought about the tax consequences. Cash works great, and is most sought after by charitable organizations with…
Making Cents: Is It Best To Make Gifts Now Or Transfer Property At Death
Naturally, this answer is going to be different for everyone, so let me talk about the common mistakes and pitfalls of either bequeathing property at death or gifting while you are alive. Starting with transfers during your lifetime, one of the biggest issues that we see often surrounds the ultimate income tax consequences with lifetime…
Making Cents: How To Pick A Trustee
A trustee is generally a person or a company who oversees the governance and maintenance of a trust. For some trusts, you may be your own trustee while for others, you may need or want an independent trustee. For simplicity sake, realize that if you are your own trustee and have the power to reach…
Making Cents: Thinking Of Large Holiday Gifts
One of the common questions this time of year is “How much can I gift to family members without tax consequences”? It’s certainly a loaded question, and the answer is, it depends. Let me explain. The Federal annual gift limit is $16,000 per donor to anyone and is increasing to $17,000 in 2023. For a…
The Apple Tax
My wife mentioned the other day the hard drive on her current MacBook Pro is so full that the laptop is starting to misbehave. I was reminded that with all the photos she takes, a replacement laptop with a larger hard drive will also require a larger price tag and could Santa help out? I…
MAKING CENTS: Roth IRAs – A Gift to Last a Lifetime
With holiday shopping nearing its peak, maybe you can skip the lines and set your sights on a gift that will last a lifetime. Of course, I’m talking financial gifts that go beyond an envelope with a little hole in it to show the face of one of our past presidents. A gift to a child…
7th Annual Napier Financial Jimmy Fund Golf Classic
Thanks to everyone who supported our fundraising efforts for The Jimmy Fund and Dana Farber Cancer Institute! With your help, we’ve raised close to $80,000 for the research of Acute Myeloid Leukemia in honor and support of Mike Aizenstadt. We had a great day on the golf course last Friday! Take a look at some…
FundrAIZing Impact
We are approaching our 7th Annual Jimmy Fund Golf Tournament which is set for this Friday. This year we are fundraising for the research, treatment, and cure of Acute Myeloid Leukemia (AML) in honor of Mike Aizenstadt. We are often asked to donate to various charities and fundraisers throughout the course of the year, and…