Ahh, spring is here. The flowers, the birds. Sunny seventy degree weather. It's time to scrape the rust off the grill, test drive the lawn mower (or call the gardener!) and order some running shoes. And, of course, I always find this burst of renewal a great time to reflect on financial goals. After all, it still rains in the spring, so take advantage!
For those of you that have been diligently reading my quarterly letters (thanks Mom and Dad). You will remember that there is Financial Spring Cleaning that needs to be done. The rest of you can catch up on that here. It's also a good time to revisit your goals. One goal that I have discussed often is saving for college. But not only saving for college, saving for college with the 529 plan...
Dear Clients and Friends,
Happy Holidays! I hope this note finds you in good cheer. Normally, I send this update shortly after the close of the quarter, in this case I would publish the Q4 update in early January. However, since the topic of today's letter contains information on tax planning that may be helpful, I thought it would be advantageous to get the information out to you before the end of the (tax) year. You might be quick to point out: this leaves me free to enjoy the holiday without needing to work on a quarterly update. But I'm sticking with my tax year story.
I have been diligently following the debate on extending the Bush era tax cuts, since it has a bearing on Bootstrap clients. During the debate, there were many critics and supporters of raising taxes for families making more than $250,000. It struck me - if you are so inclined - that a great way to register your opinion would be: just give the money away. This thought led me to today's subject: charitable giving.
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