In this episode, Jerry Davidse discusses the benefits and workings of donor-advised funds (DAFs) for charitable giving, especially as the year-end approaches. He explains how DAFs can simplify and enhance the effectiveness of charitable contributions, offering immediate tax deductions and investment growth opportunities.

Key takeaways:

• Donor-advised funds simplify charitable giving.
• DAFs offer immediate tax deductions.
• Investments in DAFs grow tax-free.
• DAFs allow flexible grant payouts.
• Batch multiple years of contributions with DAFs.
• DAFs are ideal for high-income years.
• DAFs provide a single annual statement.
• No need to save donation receipts with DAFs.
• DAFs benefit both donors and charities.
• Discuss DAF benefits with financial advisors.

#donoradvisedfunds #charitablegiving #taxdeduction #Fidelity

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Connect With Jerry: Jerry Davidse, CFP®

CEO, Presilium Private Wealth

Email: jerry@presiliumpw.com

LinkedIn: https://www.linkedin.com/in/jerrydavidse/ Meet Jerry: https://www.presiliumpw.com/team_member/jerry-davidse-cfp/#bio

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This Video is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase any security or investment product or services.

The content of this Video is provided solely for your personal use and shall not be deemed to provide access to any particular transaction or investment opportunity. Presilium Private Wealth does not intend the information in this Video to be investment advice, and the information presented in this Presentation should not be relied upon to make an investment decision.

Any third-party information contained herein was prepared by sources deemed to be reliable but is not guaranteed. Investment advisory services are offered through Presilium Private Wealth, a SEC Registered Investment Adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser or investment adviser representative has attained a particular level of skill or ability. Additional information about Presilium Private Wealth is also available on the SEC’s website at www.adviserinfo.sec.gov.

Welcome to Tips and Tricks for Today and Tomorrow, hosted by Brian Henrysen Jr., CFP®.

Today, we’re tackling a question we have been hearing more often:

👉 Should parents gift their home to their children while they’re still living in it—or hold onto it long term?

It’s a generous idea, but it can come with serious tax consequences if not carefully planned.

In this episode, Brian covers:

Cost Basis Basics: Why inheriting the original purchase price can lead to big tax bills.

🔑 Real Example: A $250,000 home bought in 2000 now worth $1 million—and the tax differences between gifting vs. selling.

🔑 IRS Section 121 Exclusion: How a married couple can exclude up to $500,000 of gain when selling a primary residence.

🔑 The Step-Up in Basis Advantage: Why waiting until inheritance could save your family $100,000+ in taxes.

🔑 Smart Planning: Factors like your parents’ tax bracket, financial needs, and your own situation.

Key Takeaway: Good intentions don’t always equal good outcomes. Before gifting property, talk through the full financial impact.

If you or your parents are considering gifting property, let’s have a conversation. Together, we can explore the smartest, most tax-efficient decision for your family.

👍 Like this video if it helped you.

💬 Drop a comment with your thoughts or questions.

🔔 Subscribe to Tips and Tricks for Today and Tomorrow for more insights.

#EstatePlanning #TaxTips #FinancialPlanning #RealEstate

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Connect With Brian:

Brian Henrysen Jr., CFP®

Financial Planner, Presilium Private Wealth

Email: Brian@presiliumpw.com

LinkedIn: https://www.linkedin.com/in/brianhenrysenjr

Meet Brian: https://www.presiliumpw.com/team_member/brian-henrysen-jr-cfp/

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This Video is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase any security or investment product or services.

The content of this Video is provided solely for your personal use and shall not be deemed to provide access to any particular transaction or investment opportunity. Presilium Private Wealth does not intend the information in this Video to be investment advice, and the information presented in this Presentation should not be relied upon to make an investment decision.

Any third-party information contained herein was prepared by sources deemed to be reliable but is not guaranteed. Investment advisory services are offered through Presilium Private Wealth, a SEC Registered Investment Adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser or investment adviser representative has attained a particular level of skill or ability. Additional information about Presilium Private Wealth is also available on the SEC’s website at www.adviserinfo.sec.gov.

Jerry Davidse discusses the importance of reviewing clients' tax returns to reduce future taxes, avoid costly mistakes, and provide additional planning options. He explains how Presilium's tax planning software generates reports that aid in planning for Roth conversions, capital gains, Medicare premiums, and more. The software also helps identify errors, as demonstrated by a $220,000 mistake found for a client. Jerry emphasizes collaboration with tax preparers to lower lifetime taxes and encourages clients to reach out for reviews.

In this episode:

• Taxes are often a family's largest lifetime expense.
• Tax returns provide valuable information for future planning.
• Priscilium's software generates easy-to-read tax reports.
• Reports include Roth conversion and capital gains planning.
• Software helps identify costly tax return errors.
• Collaboration with tax preparers is crucial.
• Goal is to lower lifetime taxes and avoid surprises.
• Found a $220,000 error for a client last year.
• Encourages clients to review their tax returns.
• Reach out for questions or tax return reviews.

#taxplanning #presilium #financialplanning

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Connect With Jerry: Jerry Davidse, CFP®

CEO, Presilium Private Wealth

Email: jerry@presiliumpw.com

LinkedIn: https://www.linkedin.com/in/jerrydavidse/ Meet Jerry: https://www.presiliumpw.com/team_member/jerry-davidse-cfp/#bio

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This Video is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase any security or investment product or services.

The content of this Video is provided solely for your personal use and shall not be deemed to provide access to any particular transaction or investment opportunity. Presilium Private Wealth does not intend the information in this Video to be investment advice, and the information presented in this Presentation should not be relied upon to make an investment decision.

Any third-party information contained herein was prepared by sources deemed to be reliable but is not guaranteed. Investment advisory services are offered through Presilium Private Wealth, a SEC Registered Investment Adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser or investment adviser representative has attained a particular level of skill or ability. Additional information about Presilium Private Wealth is also available on the SEC’s website at www.adviserinfo.sec.gov.

In this episode of "The Big Question," Brook Hart tackles one of the most frequently asked questions: "When can I retire?" Brook explores the realities of retirement, emphasizing the importance of a well-structured financial plan. Whether you're ready to retire today or need more time to reach your financial goals, this episode provides valuable insights into achieving flexibility and peace of mind in your retirement planning.

Key Takeaways:

• Retirement is possible whenever you're ready to embrace its realities.
• A solid financial plan offers two outcomes: readiness to retire or a clear path to get there.
• Flexibility in retirement planning allows for personalized choices and peace of mind.
• Regularly updated financial plans are crucial for informed decision-making.

Stay tuned for more insightful discussions in next month's edition of "The Big Question."

#RetirementPlanning #FinancialFreedom #TheBigQuestion

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This Video is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase any security or investment product or services.

The content of this Video is provided solely for your personal use and shall not be deemed to provide access to any particular transaction or investment opportunity. Presilium Private Wealth does not intend the information in this Video to be investment advice, and the information presented in this Presentation should not be relied upon to make an investment decision.

Any third-party information contained herein was prepared by sources deemed to be reliable but is not guaranteed. Investment advisory services are offered through Presilium Private Wealth, a SEC Registered Investment Adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser or investment adviser representative has attained a particular level of skill or ability. Additional information about Presilium Private Wealth is also available on the SEC’s website at www.adviserinfo.sec.gov.

Jerry Davidse discusses the crucial steps families should take to prepare their children and grandchildren for inheriting wealth. Discover why 70% of families lose their wealth by the second generation and how you can avoid this fate.

Key Points:

• Start the Conversation: Engage in ongoing dialogues about values, responsibility, and the true meaning of money.
• Hands-On Experience: Allow the next generation to manage money through budgets, charitable giving, and investment discussions.
• Contextualize Your Estate Plan: Use legacy letters or family mission statements to provide context and purpose.

If you're interested in creating a comprehensive plan for your family's financial and emotional preparedness, reach out to start the conversation.

#WealthManagement #FamilyLegacy #FinancialPlanning

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This Video is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase any security or investment product or services.

The content of this Video is provided solely for your personal use and shall not be deemed to provide access to any particular transaction or investment opportunity. Presilium Private Wealth does not intend the information in this Video to be investment advice, and the information presented in this Presentation should not be relied upon to make an investment decision.

Any third-party information contained herein was prepared by sources deemed to be reliable but is not guaranteed. Investment advisory services are offered through Presilium Private Wealth, a SEC Registered Investment Adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser or investment adviser representative has attained a particular level of skill or ability. Additional information about Presilium Private Wealth is also available on the SEC’s website at www.adviserinfo.sec.gov.

Join Jerry Davidse as he takes you back 400 years to explore the Dutch tulip craze, one of history's most famous financial bubbles. Discover timeless lessons for today's investors, including the dangers of speculation, the myth of "this time it's different," and the importance of disciplined investing.

Key Points:

• Tulips as a symbol of status and wealth in 1600s Holland.
• The speculative mania that drove tulip prices to astronomical heights.
• The sudden collapse of the market in 1637 and its aftermath.
• Insights on speculation versus value, and the importance of staying grounded.

#TulipBubble #Investing #FinancialHistory

Stay tuned for more insights next Friday morning!

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This Video is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase any security or investment product or services.

The content of this Video is provided solely for your personal use and shall not be deemed to provide access to any particular transaction or investment opportunity. Presilium Private Wealth does not intend the information in this Video to be investment advice, and the information presented in this Presentation should not be relied upon to make an investment decision.

Any third-party information contained herein was prepared by sources deemed to be reliable but is not guaranteed. Investment advisory services are offered through Presilium Private Wealth, a SEC Registered Investment Adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser or investment adviser representative has attained a particular level of skill or ability. Additional information about Presilium Private Wealth is also available on the SEC’s website at www.adviserinfo.sec.gov.

In this episode of Building Value, Brook Hart discusses the emotional complexities of selling a business, likening it to the experience of parenthood. He emphasizes the importance of reframing the narrative around selling, suggesting that business owners view the process as being purchased rather than selling out. Hart also highlights the need for preparation and sound business practices to ensure a successful transition when the time comes to sell.

Takeaways

• Selling a business is often an emotional journey.
• Business owners may feel like they are selling a part of themselves.
• Reframing the sale can change the perspective on the process.
• Viewing a potential buyer as a value add can shift mindset.
• Preparation is key for a successful business transition.
• Good business practices benefit all, regardless of selling intentions.
• Documenting procedures and cleaning up records is essential.
• Diversifying client and revenue bases strengthens the business.
• Employee care should be a priority during transitions.
• Staying focused on running a great business is crucial.

Join us next month for more insights on building value in your business. Until then, keep Building Value!

#Productivity #Leadership #BusinessGrowth

https://www.presiliumpw.com/

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This Video is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase any security or investment product or services.

The content of this Video is provided solely for your personal use and shall not be deemed to provide access to any particular transaction or investment opportunity. Presilium Private Wealth does not intend the information in this Video to be investment advice, and the information presented in this Presentation should not be relied upon to make an investment decision.

Any third-party information contained herein was prepared by sources deemed to be reliable but is not guaranteed. Investment advisory services are offered through Presilium Private Wealth, a SEC Registered Investment Adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser or investment adviser representative has attained a particular level of skill or ability. Additional information about Presilium Private Wealth is also available on the SEC’s website at www.adviserinfo.sec.gov.

In this episode, Jerry Davidse is digging deep into the often-overlooked concept of Sequence of Return Risk and its significant impact on retirement planning. Discover how the order of investment gains and losses can drastically affect your financial future, and learn strategies to manage this risk effectively.

Key Points:

Explanation of Sequence of Return Risk and its importance.

Comparison of two portfolios with the same average return but vastly different outcomes.

Strategies to mitigate risk: diversified financial planning, stable investments, and disciplined rebalancing.

The importance of planning ahead to protect your retirement from market volatility.

Join us next Friday morning for more insights, and reach out if you'd like to discuss how Sequence of Return Risk could impact your retirement plan.

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This Video is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase any security or investment product or services.

The content of this Video is provided solely for your personal use and shall not be deemed to provide access to any particular transaction or investment opportunity. Presilium Private Wealth does not intend the information in this Video to be investment advice, and the information presented in this Presentation should not be relied upon to make an investment decision.

Any third-party information contained herein was prepared by sources deemed to be reliable but is not guaranteed. Investment advisory services are offered through Presilium Private Wealth, a SEC Registered Investment Adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser or investment adviser representative has attained a particular level of skill or ability. Additional information about Presilium Private Wealth is also available on the SEC’s website at www.adviserinfo.sec.gov.