Dann is a Managing Partner at Sincerus Advisory, LLC. Dann has over 12 years of experience in providing holistic financial planning to high net-worth individuals.
Dann graduated from the University at Buffalo, a State University of New York with both a Bachelor of the Arts and a Master of the Arts degrees in Economics. He used his time there to pursue an accelerated course to obtain both degrees in a combined 4 years of study. He was also a member of Delta Sigma Pi, a national business fraternity.
After graduate school Dann was an associate in the New York office of Brownson, Rehmus, & Foxworth, a $10B+ Registered investment Advisor. There he practiced in all facets of wealth management, including investment management, estate planning, risk management, and tax planning. He also served as a member of the firm wide Alternative Investments and Private Equity committees.
In 2009, Dann joined RCL Advisors, LLC as a manager. RCL Advisors is a privately held independent consulting firm with a mission to provide unbiased information and independent advice to assist clients in making informed investment decisions. With over $1.6 billion in assets, RCL Advisors is frequently recognized as one of the top wealth management firms in the country.
Dann serves on the Board of Directors of Chess in the Schools, a non-profit that provides chess programs to low-income youth in NYC. Since 1986, they have used chess to foster the intellectual and social development of more than 500,000 students.
Dann’s unique professional and educational backgrounds give him the ability to assess client objectives and develop effective strategies to meet their objectives. He has always worked in a “fee-only” capacity, receiving no commissions, so as to have the independence to fully align his interests with those of his clients. His goal is and will always be to deliver sound and impartial advice best suited to clients’ needs.
MA, Economics, University at Buffalo
BA, Economics, Unversity at Buffalo
Assets Under Management:
In short, no your Qualified Charitable Distribution (QCD) will not count toward the AGI limitation on your other charitable deductions. The way that the QCD would appear on your Form 1040 (if that is what you file) is that on line 15a the total amount of your IRA Distributions, including your QCD, will appear. Then on line 15b the “taxable amount” will be the amount of your distributions net of the QCD. This line ultimately rolls down into your total income and ultimately your AGI.
It is important to remember to speak with your tax professional and notify them of this QCD so that they account for it correctly. Of course, you are also subject to the normal terms of a QCD: a maximum of $100,000 annually paid directly to an eligible 501(c)(3) organization.
For 2018, the limitation on cash donations to charity was raised to 60% of AGI. Even with this the QCD strategy still allows you to give more to charity, in a tax effective manner, than you otherwise would have been able.