December 23, 2019 - Sullivan Financial Planning

Qualified Charitable Contribution Limits – RMD or IRS?

Financial Education, Personal Finance, Retirement SavingsBy Kristi Sullivan December 23, 2019

Just a quick reminder for those of you aged 70 ½ and over who are also charitably inclined: There is no better way to gift from a tax standpoint than directly out of your Traditional IRA. Why? Money that comes straight from your IRA to a 501©(3) charity never hits your income for taxes. This…

Winter Fun on a Budget!

Fun StuffBy Kristi Sullivan December 23, 2019

By now, your family has been cooped up together for a few days. People are getting whiny and so are the kids. You are broke from the gift giving and planning to put an extra $500/year into your 401(k) (see blog from 2 weeks ago), so you need some cheap entertainment and quickly. Here…