How to Save on Charitable Giving During Retirement

Charitable giving often remains a priority in retirement, but how you give can make a meaningful difference in both tax efficiency and long-term income.

Giving With Purpose and Planning

Retirement changes how income is taxed, which can also change how donations impact your finances.

Strategic giving can help:

• Reduce taxable income
• Support causes you care about
• Preserve retirement cash flow

Using the Right Assets for Giving

Not all dollars are equal when it comes to donations. Certain assets may be more tax-efficient to give than others.

Planning may involve:

• Coordinating gifts with required withdrawals
• Aligning donations with income timing
• Preserving after-tax income