The Role of Charity in Your Retirement
Everyone wants to give back in one way or another. After you’ve spent your whole life working, you may find that in retirement, you want to give some money to charity. But if you are living off of income streams from sources like your retirement accounts and Social Security, you may be worried about finding a way to make charity work for your financial picture. Most retirees take the standard deduction on their taxes as opposed to choosing to itemize.[1] But, as of the 2017 Tax Cuts and Jobs Act, the only way to benefit [...]