What does it mean to donate stock? When most people think about charitable giving, they think about writing a check or making a donation with cash. But if you own investments in a taxable brokerage account, there’s often a more efficient way to give. Donating stock simply means transferring shares of an investment directly to a qualified charitable organization instead of selling the investment and donating the cash proceeds. The charity receives the stock, sells it, and uses

What actually is a Backdoor Roth? If you’ve ever been told to “just do a backdoor Roth” and found yourself wondering what that actually means, you’re not alone. At higher income levels, the IRS limits your ability to contribute directly to a Roth IRA. However, those same rules still leave another path available. A backdoor Roth is simply a way of using that path. Instead of contributing directly to a Roth IRA, you contribute to a Traditional IRA and then convert those funds i