Dan and Chelsea explore strategies for federal employees to gain an extra year of service credit without working longer. They also delve into donor-advised funds (DAFs), explaining how to avoid capital gains taxes and highlighting the benefits of using a DAF.
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Dan explains how federal employees can gain an additional year of service credit without extending their actual work period. He outlines a strategy involving the strategic use of sick and annual leave. Specifically, he suggests using "use-or-lose" annual leave instead of sick leave, allowing you to accumulate more sick leave. He provides detailed reasoning to support this approach and a calculation formula. Chelsea explores how donor-advised funds (DAFs) with appreciated assets can help avoid substantial capital gains taxes while maximizing the value of appreciated stock and making a positive impact. She offers an in-depth look at the benefits of DAFs and provides essential considerations for those interested in establishing one.
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