March 2018
You, Your Financial Well-Being and the Federal Reserve
Submitted by Desmond Wealth Management, Inc. on March 20th, 2018After nearly a decade of leaving the federal funds rate at zero percent, the time finally came on December 16, 2015: The U.S. Federal Reserve (the Fed) raised the federal funds rate by 0.25 percent. Because it was the first rate increase since June 2006, it was reported as “a historic moment.” Since then, the Fed has made several modest increases.
Charitable Giving Under New Tax Laws - Understanding the Donor-Advised Fund (DAF) .
Submitted by Desmond Wealth Management, Inc. on March 13th, 2018No matter how the 2017 Tax Cuts and Jobs Act (TCJA) may alter your tax planning, we’d like to believe one thing will remain the same: With or without a tax write-off, many Americans will still want to give generously to the charities of their choice. After all, financial incentives aren’t usually your main motivation for giving. We give to support the causes we cherish.