Investors may need to re-balance their portfolios due to the ongoing stock market shake-up. Liz Ann Sonders and her team at Schwab offer advice on what to do now. Some of the biggest tax deductible donations don’t require property to change hands. Harvey Bezozi, CPA, explains why you should consider conservation and preservation easements. The tradition of leaving cherished silver, china and antiques to your heirs seems to be fading. Appraiser Elizabeth Stewart, Ph.D., discusses how to pass along memories while earning tax deductions.
Trade, Tech Concerns Shake Market– The S&P 500 and Dow Jones Industrial Average fell sharply on Monday after China’s Ministry of Finance announced a new round of tariffs of up to 25% on U.S. products, including pork, fruit, nuts and wine. In addition, Trump continued his criticism of Amazon via Twitter, adding to the market’s woes in the wake of the Facebook user privacy concerns. Liz Ann Sonders, Chief Investment Strategist at Schwab, and her team explain the implications for the markets. Read more…
Conservation And Preservation Easements Offer Huge Tax Benefits– Conservation and preservation easements offer taxpayers some of the largest charitable contribution deductions to be had under the U.S. tax code. This fact is extraordinary when one considers that no property actually changes hands under such an agreement. Harvey Bezozi, CPA, explains the concept in this article. Read more…
Boomers’ Kids Don’t Want Heirlooms– Often overlooked in estate planning are baby boomers’ cherished porcelain dinnerware, crystal, sterling and robust antique furniture. News flash: Gen Xers and millennial children don’t want that dated stuff, which typically has low market value. But there are other ways to pass along families’ beloved decorative objects (and get tax deductions too), as certified appraiser Elizabeth Stewart, Ph.D., tells ThinkAdvisor in an interview. Read more…
John R. Day, Bill Ennis, Stephanie Hall and Matt Heller