An effective giving strategy benefits both the recipient and the giver. By using a “bunching” strategy, you can contribute multiple years of charitable giving into a Donor Advised Fund (DAF) and unlock a significant tax deduction when you need it most.
Only about 20% of U.S. workers have access to a pension, and just 7% contribute to an additional retirement plan alongside one. If you’re fortunate enough to have a pension, you have a tremendous opportunity to get ahead of not only your peers, but the workforce as a whole.
As a self-employed business owner, setting up the right retirement plan for your situation is crucial to lowering your annual tax bill today and securing your financial independence tomorrow.
If you are a worker aged 50 or older, a major rule change taking effect in 2026 could impact your retirement savings strategy. Understanding this upcoming change is crucial for high earners to ensure their financial plans remain on track.
