Financial Tips For Everyone

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.

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Charitable Giving

Save Taxes by "Bunching" Your Charitable Donations

New Tax Reforms Several tax reforms in the December 2017 Tax Cuts and Jobs Act will impact individual tax filers beginning in 2018. Three of the most impactful are: the limitation of property and state income taxes deductions to $10,000 each year the elimination of personal exemptions the almost doubling of the standard deduction, increasing the amount to $12,000 for singles and $24,000 for married couples filing jointly.

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Blog Feature

Charitable Giving

What to Consider When Making Charitable Contributions

Choosing to give to charitable causes is an admirable act. Many important initiatives are solely dependent on charitable contributions. And while the greatest benefit of making such contributions is the impact it can make on an issue or cause you care about, it can also have financial benefits.

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Family Inventory Workbook

Family Inventory Workbook

Use this free workbook to gather a comprehensive list of all information pertaining to your family’s current financial picture!

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Charitable Giving  |  Estate Planning  |  Legacy Planning  |  charitable giving  |  financial planning  |  legacy planning

Your Financial Legacy: Avoid the Gaping Hole That Can Swallow Your Assets

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.

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Charitable Giving  |  Estate Planning  |  Legacy Planning  |  Wealth Management  |  estate planning  |  legacy  |  legacy planning

PRESERVE YOUR LEGACY

Build Your Living Legacy While You Educate The Next Generation Early in your children’s lives, you can share your values, family history, and insights through light-hearted conversation and stories centered on the beliefs and decisions that shaped your successes, failures, and your vision for the future.

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Charitable Giving  |  Estate Planning  |  Legacy Planning  |  Wealth Management  |  charitable giving  |  estate planning  |  legacy planning  |  wealth management

5 Key Questions The Pros Ask on Charitable Giving

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.

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Charitable Giving  |  Estate Planning  |  Legacy Planning  |  Wealth Management  |  charitable giving  |  estate planning  |  legacy planning  |  wealth management

Teach Kids About Generosity

Generosity is a mindset and a way of life. It's about far more than just giving money, and it is a great tool to teach younger generations about legacy. Growing up, my father and I never really discussed being generous, but he showed me in so many small ways that it has become his living legacy―and now, I am making it my life's work to share the message. It seems that lessons learned best are lessons practiced.

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