Since Bill and Melinda Gates and Warren Buffett created the Giving Pledge in 2010, more than 200 of the world’s wealthiest individuals and couples have committed to giving the majority of their wealth to philanthropic or charitable causes.Continue reading “How to Give Like a Billionaire When You Don’t Have Billions to Give”
The Tax Cuts and Jobs Act roughly doubled the standard deduction ($12,200 for single filers and $24,400 for married taxpayers filing jointly in 2019) and indexed it for inflation through 2025. As a result, far fewer taxpayers will itemize deductions on their tax returns, and some people may be disappointed that they no longer benefit from writing off their donations.Continue reading “Qualified Charitable Distributions: Using Your IRA to Give from the Heart”
Continuing care retirement communities (CCRCs) are living arrangements that combine independent living, assisted living, and nursing home care on a single campus. CCRCs offer residents a continuum of care throughout their lives.Continue reading “What Are Continuing Care Retirement Communities?”
Independent living communities, also known as rental retirement communities, offer housing options for active seniors and retirees who require little or no assistance with daily activities. Most independent living residents desire an environment where they don’t have to be concerned about safety, maintenance, and homeownership responsibilities.Continue reading “Do Independent Living Communities Differ From CCRCs?”
Condor is delighted to announce that all three custodians with whom we custody our clients’ assets are no longer charging commissions on online stock and exchange traded fund trades! This will lower costs even further for our clients, which is very exciting!
*Note that Fidelity’s no commission trades go into effect on November 4th, while Schwab and TD Ameritrade have already implemented commission-free trading.
The financial challenges millennials face can be overwhelming. Many young adults have to figure out how to pay off college loans, save to buy a home or start a family, and sock away money for retirement. Given these hurdles, it’s no wonder that life insurance as a financial asset gets little to no attention. But it should. There are many reasons to have life insurance at a relatively young age, but here are some common ones.Continue reading “Do Millennials Need Life Insurance?”
The FAFSA, which stands for Free Application for Federal Student Aid, is the federal government’s financial aid application. The FAFSA is a prerequisite for federal student loans, grants, and work-study. In addition, colleges typically require the FAFSA before distributing their own need-based aid and, in some cases, merit-based aid.Continue reading “When Should I File the FAFSA?”
Estate planning is the process of managing and preserving your assets while you are alive, and conserving and controlling their distribution after your death. There are four key estate planning documents almost everyone should have regardless of age, health, or wealth. They are: a durable power of attorney, advance medical directives, a will, and a letter of instruction.Continue reading “Key Estate Planning Documents”
If you’re the parent or grandparent of a current or prospective college student, you might be interested to learn what’s new in the world of higher education.Continue reading “What’s New in the College World?”
Making the world a better place – who would not want to contribute to that? Knowing that the actions we take today will benefit generations to come goes a long way. Whether it be through reducing our carbon footprint or advocating for equal pay, most can agree on the common value of doing better for the longevity of this world. This is where environmental, social, and governance investing, more popularly known as ESG investing, comes into play. By partaking in this investing philosophy, one is aligning their investments with their core principles and values, chiefly for the enhancement of society and the greater world.Continue reading “Making Tomorrow Better Today through ESG Investing”