2022 Elections Are Over, Now What?

2022 Elections Are Over, Now What? Episode 205 – The holiday season is also the season of charitable giving which most people do through gifts of cash. But donating highly appreciated assets like publicly traded securities is much better. More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 205 Hello this is Bill Rainaldi, with another edition of Security Mutual’s SML Planning Minute. In today’s episode, cash is not the best chartiable gift. As we near the end of the year, and with Giving Tuesday fast approaching on November 29th, thoughts go towards the holiday season and helping those who are in need through charitable donations.  Most people make their charitable donations by mailing checks or using credit cards through an online portal for their favorite charities.  In other words, they make their charitable donations in cash.  Often, however, they have highly appreciated assets such as publicly traded stocks but, unfortunately, they don’t think about using that appreciated asset as a charitable gift. Appreciated assets would generally be a better choice than cash to donate. Not only would the donor be entitled to the same charitable income tax deduction as a cash gift, but they may also avoid the capital gains tax that would be due if the asset was sold. Let’s take a look at a hypothetical example.  John would like to donate $10,000 to his favori