Early Christmas gifts and year-end planning ideas

Published: Monday, December 17, 2012 at 17:34 PM.

Donor advised funds allow you to transfer and deduct the value of highly appreciated assets, either stocks or real property to your own personal semi-foundation. Fidelity and Vanguard are the two big-shots but every brokerage offers them.  Deductions may be limited in 2013 so a DAF maybe more appropriate this year. With tax rates rising in 2013, consider a 2012 Roth IRA conversion of a traditional IRA coupled with establishing a donor advised fund. Consult your advisor to determine if you are a good candidate.  DAFs allow anonymous donations thus minimizing the December solicitation deluge.

Buz Livingston, CFP offers hourly financial planning and fee-only investment management to clients along Florida’s Emerald Coast. He can be reached at 267-1068, Buz@LivingstonFinancial.netor www.LivingstonFinancial.net



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