Personal Financial Planning

Donor Advised Funds have received a lot of attention lately.  A quick primer: They let you make a tax-deductible contribution into designated investment accounts which can grow until you make distributions to charities of your choice.

When investments are down, one financial strategy is to convert your traditional IRA to a Roth while the value is reduced so you pay taxes on the decreased value. If and when the market rebounds, that rebound will be in the Roth’s tax-free environment.