Balancing Debt and Charitable Giving
Paying off debt and building a charitable legacy aren’t mutually exclusive – all you need to do is take the long view. Debt is a reality for millions of Americans. If you’re one of them, but also wish to leave a charitable legacy, you may feel torn between paying off debt and supporting charitable causes. […]
You’ve Maxed Out Retirement Savings Vehicles – Now What?
Financial legacy goals require building up your wealth surplus, which is the amount of wealth over and above the amount needed for retirement spending. If you’ve reached a point of maxing out retirement savings vehicles like 401ks and IRAs and you still have discretionary income to save, you want to be strategic about the next […]
How an Emergency Fund Can Impact Legacy Giving
If you’re interested in making the most of your legacy giving, there are many strategies to keep in mind, but the impact of these strategies can be diminished dramatically, if not completely, by not having one of the most foundational elements of financial planning – an emergency fund. Why an Emergency Fund is Important Those […]
The Charitable Planning Mindset
With a charitable planning mindset that takes the long view of your charitable giving, you can increase your lifetime giving impact. If a charitable legacy is a financial priority, you may think the best way to maximize your charitable giving is to simply increase your donations, but a charitable planning mindset takes the long view. […]
Retirement Accounts for Self Employed Individuals
Self employed individuals with charitable legacy goals can take advantage of unique retirement savings options to help build wealth surplus. For self employed individuals – small business owners with no full-time employees other than the owner (and spouse, if the spouse is involved with the business) – there are some unique opportunities for maximizing pre-tax […]
Does Your Retirement Planning Support Your Legacy Goals?
Planning for your financial legacy isn’t just about accumulating assets or minimizing taxes, it also includes making sure you’re prepared for retirement. Are you on track to retire on time? What if you decide to retire early? Are saving for retirement in the most tax-efficient way? If you’re not sure how to answer these questions […]