Hi,
Would like to get your guidance -
1) I am in a very high tax bracket in VHCOL (age 45+)
2) Also have been involved in volunteering at charitable organization and long term can see me getting involved on board and other charitable organization.
3) Have some runup and have appreciated assets (stocks) that I want to reduce my exposure and move more towards target date funds.
So I have been thinking if it would make sense to create a CRUT and contribute my appreciated assets while I am in a high tax bracket and build my donation fund and donate more as I get to retirement age and get more involved in charities at that point. So 4 birds together - save tax, reduce exposure to appreciated stocks and build donation fund and if I retire early them have some income stream.
Am looking at FlipCRUT because I do not need any immediate income from CRUTs (atleast for next 5 years).
have a decent size portfolio 2.5m+
annual expenses at 150k (due to high mortgage rate), but otherwise family expenses are nominal
I am already doing MBDR, BDR, HSA, 401k, ESPP, UTMA (Kiddie tax), 529 to save/invest and
I already have a DAF at Fidelity.
Did rental before, but not inclined to do it anymore
So my questions -
1) What do you suggest on my thoughts/plan ?
2) How has been your experience with CRUTs (if you have actually done it). How is the process to setup and to maintain for next 20+ years
3) I am thinking of CRUT with 5% income stream in the future
4) Considering FlipCRUT and is it possible to add a trigger that only start distributing income when I am 50+ of age
5) If in future, I plan to leave US/move back to home country then how difficult will it to manage these CRUTs ?
TIA
Would like to get your guidance -
1) I am in a very high tax bracket in VHCOL (age 45+)
2) Also have been involved in volunteering at charitable organization and long term can see me getting involved on board and other charitable organization.
3) Have some runup and have appreciated assets (stocks) that I want to reduce my exposure and move more towards target date funds.
So I have been thinking if it would make sense to create a CRUT and contribute my appreciated assets while I am in a high tax bracket and build my donation fund and donate more as I get to retirement age and get more involved in charities at that point. So 4 birds together - save tax, reduce exposure to appreciated stocks and build donation fund and if I retire early them have some income stream.
Am looking at FlipCRUT because I do not need any immediate income from CRUTs (atleast for next 5 years).
have a decent size portfolio 2.5m+
annual expenses at 150k (due to high mortgage rate), but otherwise family expenses are nominal
I am already doing MBDR, BDR, HSA, 401k, ESPP, UTMA (Kiddie tax), 529 to save/invest and
I already have a DAF at Fidelity.
Did rental before, but not inclined to do it anymore
So my questions -
1) What do you suggest on my thoughts/plan ?
2) How has been your experience with CRUTs (if you have actually done it). How is the process to setup and to maintain for next 20+ years
3) I am thinking of CRUT with 5% income stream in the future
4) Considering FlipCRUT and is it possible to add a trigger that only start distributing income when I am 50+ of age
5) If in future, I plan to leave US/move back to home country then how difficult will it to manage these CRUTs ?
TIA
Statistics: Posted by calvin111 — Sat Mar 09, 2024 4:46 pm — Replies 0 — Views 11
