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Financial Planning Tip May

May 2021

The stock market has been on a tear since last year at this time. That means big gains in your portfolios, but it can also mean capital gains taxes when you go to sell. One way to turn lemons into lemonade is to make your charitable donations using appreciated stock. This looks like a good time to use this strategy with the market hitting all-time highs.

If you’re feeling generous, a gift of appreciated stock allows you to give more money to your favorite charity. Stock can be transferred directly to a charity or into your Donor Advised Fund with no taxes owed. Then you can take a tax deduction on the whole amount.

It’s easy to transfer appreciated stock from your taxable account and we can help you make the right choice to maximize your tax savings. Don’t worry about losing a favorite investment either. We can re-allocate your portfolio and buy additional shares after you have made the transfer.


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