- Insights: Power Of Legacy & Planned Giving
- Community: Team Alzheimers Does It Again
- Market Indicators: IRS 2025 Brackets & New Giving Limits
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Power of Legacy & Planned Giving
This week’s Insights blog introduces the topic of “Giving” and emphasizes the significance of legacy and planned giving.
Creating a legacy plan can ensure that your charitable impact continues beyond your lifetime, supporting causes and organizations that align with your values. By engaging in strategies such as bequests, charitable trusts, and donor-advised funds, you not only contribute to meaningful change but can also benefit from tax incentives and a sense of personal fulfillment.
A well-structured legacy plan involves defining philanthropic interests, assessing financial resources, consulting with professionals, and choosing the most fitting giving strategies. This approach can structure your plan to reflect your values and leave a lasting, positive mark on future generations.
Learn more via the link below.
Insights Blog On Legacy Planning
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Team Alzheimers Does It Again
Last month, we shared that Private Wealth Advisor Doug MacLean from our New Canaan office was running in the Chicago Marathon with Team “AlzStars”; Well, he has done it again, finishing the New York City Marathon this weekend with his fundraising team members from the New York Alzheimer’s Association Team. He has personally raised over $48,000 while together his teams raised $975,000 for the Chicago Marathon and this past weekend with the NYC Marathon group, they raised an additional $685,000.
To say we are proud of this community effort is an understatement as we at Moneco firmly believe in supporting causes and communities both near and far. Doug’s goal is to run all 6 major World Marathons to raise money for Alzheimer’s and Dementia research. Learn more about this in the link below.
Learn About The World Marathons
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IRS 2025 Brackets & New Giving Limits
The Internal Revenue Service released the updated income tax brackets, standard deduction, and retirement contribution limits for the 2025 tax year. While these changes won’t impact you for some time, it may benefit you to start thinking ahead.
The top rate remains 37%, but remember that 2017’s Tax Cuts and Jobs Act expires at the end of 2025. Overall, more than 60 provisions have changed at the federal level. Learn more on gifting amounts for 2025 and more at the link below.
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Important Information
This material is for general information only and is not intended to provide specific advice or recommendations for any individual. There is no assurance that the views or strategies discussed are suitable for all investors or will yield positive outcomes. Investing involves risks including possible loss of principal. Any economic forecasts set forth may not develop as predicted and are subject to change.
Moneco Advisors, LLC and LPL Financial are not affiliated with any other referenced entity.
This commentary reflects the personal opinions, viewpoints and analyses of the Moneco Advisors employees providing such comments, and should not be regarded as a description of advisory services by Moneco Advisors or performance returns of any Moneco Advisors client. The views reflected in the commentary are subject to change at any time without notice. Nothing in this commentary constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Moneco Advisors manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results.