Your Money & Your Life Podcast

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2021 Year in Review

As 2021 comes to an end, what can we learn from this year? On today’s episode, we’ll discuss some of the top headlines and predictions of this year. How many of those predictions turned out to be correct?

 

Read and get additional financial information: https://doncashpodcast.com/podcast/2021-year-in-review/

 

What we discuss: 

1:06 – 2021 is coming to an end

2:47 – Highlights, headlines, and predictions

3:47 – Let’s not put too much pressure on 2022

5:24 – Making financial decisions based on the news

7:30 – COVID impacting the market

10:27 – Is this inflation permanent?

14:00 – Political review of 2021

15:13 – Being prepared for the next year

17:03 – Investments in cryptocurrency

The Season of Giving

Giving Tuesday was this week and we are entering the most charitable time of the year. What do you need to know about charitable giving and taxes?

 

Read and get additional financial information: https://doncashpodcast.com/podcast/the-season-of-giving/

 

What we discuss: 

4:09 - Itemized deductions vs. standard deductions

8:20 – Allowance of $300

9:39 – RMDs and giving

12:14 – What if you are under 70 and a half?

13:45 – Donating appreciating stock or real estate

16:04 – Estate planning standpoint

18:22 – Cash connection question

 

More Resources: 

https://www.pe.com/2021/11/07/gift-money-now-before-estate-tax-laws-sunset-in-2025/

https://www.forbes.com/sites/ashleaebeling/2020/12/22/new-bigger-charitable-tax-break-for-2021-in-year-end-spending-package/?sh=56747c5a5710

https://www.kiplinger.com/taxes/tax-deductions/601993/charitable-tax-deductions-an-additional-reward-for-the-gift-of-giving

https://www.kiplinger.com/taxes/603773/5-year-end-moves-to-help-retirees-trim-their-tax-bill

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