Donor advised funds (DAF) are one of the fastest growing vehicles for charitable giving for those in the upper middle and affluent classes. There are many reasons for this growth, including:
There are three primary tasks associated with
…Donor advised funds (DAFs) are often used by the charitably-minded middle class, as well as the affluent, to benefit their favorite charities and do so in the most tax-efficient fashion. A DAF is a great option for charitable giving for those that would like to be anonymous in their donations, want to be tax efficient with their charitable efforts, provide
…Most everyone has heard of the Clinton Foundation, as well as the largest private foundation in the U.S., which is the Bill and Melinda Gates Foundation. But there is a rapidly growing methodology for the affluent to benefit their favorite charity (and get a tax break at the same time) without the costs and hurdles of establishing a family foundation.…
*Published on NerdWallet
On the surface, the cost of a financial plan is simple: generally between $2,000 and $4,000, depending on its complexity and where you live.
But dig deeper and you’ll find that the plan’s success also depends on you spending time to implement it.
Consider the case of a young physician who recently came to my office inquiring …
*Published on NerdWallet
Many people have read Stephen Covey’s “The 7 Habits of Highly Effective People.” The book was published in 1989, but its principles continue to apply to many areas of our lives — not just in the workplace.
Consider how the book dissects the decision-making process. Covey uses a time management matrix attributed to former President …
Congress is reportedly attempting to improve the safeguards for the investing public. Sweeping financial services reform legislation was approved last week in the House of Representatives. But there were some evidently last minute changes inserted into the bill by lobbyists to benefit big Wall Street Broker Dealers such as Charles Schwab.
Registered Investment Advisors give investment advice and they have …
Many people do not fully understand what Financial Planning is all about in the first place so they cannot really know if they would benefit from a plan.
In a nutshell, Financial Planning is a method of achieving the type of life that you plan for. Unfortunately many people do not plan and they end up not getting what they …
Congress is reportedly attempting to improve the safeguards for the investing public. Sweeping financial services reform legislation was approved last week in the House of Representatives. But there were some evidently last minute changes inserted into the bill by lobbyists to benefit big Wall Street Broker Dealers such as Charles Schwab.
Registered Investment Advisors give investment advice and they have …
In the last several years, numerous mutual fund companies have developed Target Date Retirement Funds (TDR) that are based on when people plan to retire. The longer away the retirement date, the more aggressive the allocation (more stocks) and it gets more conservative (more cash and bonds) as the retirement date nears.
The idea is that with one fund you …