The Financial Planning Blog
Your go-to financial planning and wealth management resource, whether you're just getting started or well on your way to a financially secure future.
Make the Most of Your Financial Legacy As you get older, you might start thinking about how you can pass your lifetime of collective wisdom, values, and assets to the next generation. Most parents hope their kids will be successful, and in turn also pass wisdom, values–-and wealth to their own children. When it comes to assets, a transfer between generations opens a gaping hole that can swallow much of what you’ve worked for. The transfer gives federal and state tax authorities the opportunity to levy and collect estate and gift taxes, shrinking what’s actually left.
Greg Hammond helped raise funds for ALS by supporting the Joe Martin ALS Foundation CDI Southeast Annual Golf Tournament, Dinner and Auction. The event was held at Ballantyne Country Club in Charlotte, NC on October 10th. ALS most often overwhelms families financially and emotionally.
In his book, Run With the Horses, Eugene Peterson shares how a bird teaches its young to fly. Three young swallows were perched on a dead branch that stretched out over a lake."One adult swallow got alongside the chicks and started shoving them out toward the end of the branch—pushing, pushing, pushing... The end one fell off.
On May 15, 2016, Greg Hammond will run the Mystic Half Marathon to raise funds for Girls on the Run of SE CT. This nonprofit organization strives to inspire girls to be joyful, healthy, and confident using a fun, experienced based curriculum which creatively includes running. Your contributions directly help a girl become confident in herself and learn the benefits of incorporating healthy exercise, like running, into her life. You can learn more at http://www.gotrsect.org/ or donate here.
Warm Coats and Blankets at Hands on Hartford Thanksgiving Day Meal Joe Lander belongs to a group of seven men in the Connecticut area from a variety of industries, who help hold each other accountable towards being better men. Along with improving themselves, and the lives of those close to them, part of their team’s mission is to give back to their community in creative ways.
When you attain a level of financial security where you feel the freedom to devote resources to causes and organizations that you value, it's worthwhile to take time to think, dream, and plan before you give. Reflecting on your underlying motivations to give can lead to more effective and focused philanthropy and ensure that you work toward achieving your desired legacy.