HCR Wealth Advisors Suggest Donation Stocks Over Cash During the Holiday Season

The holiday season is officially in session. Therefore, many companies, organizations, and individuals who are preparing to give to their favorite causes and charities. If nothing else, this is often due to the fact that the holiday season is seen as a season of giving. This causes many people to go above and beyond to help an array of charities and people. However, while many people tend to donate cash only, there are actually benefits to donating stocks instead of cash. The following is a closer look at those benefits.

Benefits of Donating Cash Instead of Stocks During the Holiday Season

According to the financial experts at HCR Wealth Advisors, there are a variety of benefits to donating stocks during the holiday season, rather than cash. Those benefits are as follows:

  • Remove Tax Liability– Donating highly appreciated stocks to charities can remove the liability of the appreciation in stock from your portfolio.
  • Tax-Deductible– For those who itemize, donating stocks for the holidays may be deductible.
  • Ways to Use Your Cash– You can deposit an equal amount of cash as the value of the securities you are gifting, rather than simply donating cash to a charity. Additionally, you can also purchase a different investment to help with the maintaining of your desired asset location.
  • Donating Stocks Can Increase the Size of Your Gift- Lastlydonating stocks to a charity can allow you to receive a deduction for the full market value of the stock.   HCR WEALTH ADVISOR

Overall, donating stocks is one method that allows you to give back to others while also adding value to your own portfolio. By donating to your favorite charities and causes, you can help others while also securing your own financial future. Either way, HCR Wealth Advisors helps its clients to integrate retirement plans, financial targets, and investments to create a comprehensive strategy that grows and evolves with them over time.

This article is provided for informational purposes only and should not be interpreted as investment advice.