Newsletter: November 2021

Every month, the Cordasco Financial Network Newsletter will bring you up-to-date on the latest Podcasts, Insights, and new ways that we are working to improve the professional experience of those we help. As always, if you think this would be helpful information for someone you know, please share their contact information here.

Supporting Charitable Causes

Last month we highlighted our community involvement and how we’ve helped others maximize their giving potential. Giving back is an integral part of our mission as a firm. We donate a portion of our profits to organizations whose missions are supported by our family of clients and employees. CFNs Tim Joseph, CPA, writes about how goodwill can actually be rewarded in the form of a tax benefit. Click here to read.

Your Win-Win Charitable Donation Strategy

Helping others by giving to charity has a positive impact on the recipient, and also offers the donor many benefits. CFN’s John Walker and Tim Joseph, CPA, discuss a variety of strategies that can help your donations go further for the causes you support, and present a win-win by helping you benefit from the tax advantages of charitable giving. Click here to listen.

UTMAs: Your Tax Efficient Gifting Option

Uniform Transfers to Minors Act allows gift givers to transfer money, real estate or fine art to minors without the need for a guardian or trustee. UTMAs, are a tax efficient gifting option, but there are cautionary notes you need to consider. CFN’s John Walker is joined by Kathy Mandelbaum, Associate Professor of Law at Temple University to discuss the pros and cons of this tax efficient gifting option. Click here to listen.

Maximizing Your Social Security Benefits

The Social Security Administration announced a 5.9% increase in benefits for 2022. For many Americans in retirement, Social Security is a key part of their retirement income. Steve Cordasco is joined by CFN’s Jim Tate, CPA, to discuss key strategies for maximizing your social security benefits. Be sure you understand these strategies to help you make the most of this income stream that will last through your retired years. Click here to listen.