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Year-End Gift Strategies for Giving Back While Saving on Taxes

Did you know that Americans donated $292 billion to charity last year? This is the third-highest number on record. Their year-end gift strategies allowed them to give back while also saving on taxes. Are you interested in making a meaningful contribution to society while receiving a few benefits for yourself?

Here’s how you can do it:

What To Do if Your Company Offers an Early Retirement Package

Companies may offer early retirement for any number of reasons. No matter what their agenda is, whether it’s to downsize or restructure, your concern should always be whether or not it’s a good idea for you. 

Early retirement packages may look very attractive on the surface, but some implications will affect your pension and future earnings. For example:

  • You will have less time to save for retirement. 

  • Your savings will have to last longer. 

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Learn how to take losses quickly and cleanly. Don’t expect to be right all the time. If you have made a mistake, cut your losses as quickly as possible.

– Bernard Baruch