Author Archives: admin

Case Study 1 – Jane and John (married couple in their 40s) Plan to Reduce Taxes and Increase Income Using Charity

Case Study for Jane Doe Age 40, married, two children 7 and 9, personal injury attorney with her own private practice (service business).   Jane has consulted her advisor to help her focus on and determine her objectives. Jane’s Objectives: Additional future income of $4,500 per month to Endow at Jane’s age 65 Pay less income […]

Case Study 2 – Mike, 50, uses closely held corporate stock to reduce taxes and increase his future retirement endowment using charity

Mike owns 100% of the stock in a closely held corporation worth $4 million.  Over the years, the corporation has accumulated retained earnings in excess of $1 million.  Michael’s objective is to reduce accumulated earnings in a manner that doesn’t create taxable income to himself.  He has consulted his advisor who has suggested that he […]

Case Study 3 – Jack and Diane, both aged 70, contribute a summer home to increase their income and pay less tax using charity

Jack and Diane received a brochure from their favorite charity offering them a Charitable Gift Annuity.   After consulting with their advisor, they decided to gift a non-cash asset to their favorite charity using a Gift Annuity.   The asset is a summer home purchased 25 years ago for $100,000, that is appraised at $350,000 today.   Since […]


WHY DOES SECTION 664 AND SOCIAL SECHARITY SOUND LIKE SOCIAL SECURITY? We want people to recognize the similarity. They are similar in function but different in outcome.   SOCIAL SECHARITY Social benefit Enacted by the US Congress more than 50 years ago Voluntary gift to create personal income Leaves everything in your community Meant to supplement […]

Charitable Giving Meets Wealth Planning: The Altruistic Edge of 664

This blog post explores the harmonious intersection of charitable giving and personal wealth management through Tax Code 664. It illuminates how individuals can not only grow their wealth but also contribute significantly to their favorite causes. We’ll discuss how 664 plans offer a unique opportunity for philanthropically-minded individuals to make a lasting impact while enjoying […]

664 Advisors: Pioneers in Modern Wealth Management

The world of financial advising is evolving, and 664 advisors are at the forefront. This post highlights the emerging role of these specialists in contemporary wealth management. Learn about their unique approach to financial planning that merges savvy investment strategies with philanthropic goals, creating a new paradigm in financial advisory services.