Giving Tuesday has been established as an international day for charitable giving each year on the Tuesday immediately following Thanksgiving. We would like to take this opportunity to shine a light on philanthropic efforts and the different ways you can maximize your impact on causes and organizations that are important to you. It’s a fitting time to consider your philanthropic goals and review or design a giving plan.
As your advisor, we are here to help facilitate the discussions that will help you define your giving goals and then build your plan, especially where there are techniques that touch the investment and financial planning realms. Our wealth management team is regularly on the lookout for new strategies and ideas to help guide in the establishment, modification, or monitoring of a tax-aware, impactful gifting plan.
There are two categories of ideas that we feel are important to focus on: (1) strategies that maximize after-tax giving so you can give even more and (2) strategies that make your charitable giving more effective.
Maximize After-Tax Giving
Effective Strategic Giving
Note that all these tax and gifting techniques require careful forethought and planning, as every person’s tax situation is different. That’s why we feel it’s important to help you coordinate the discussion with us, as your advisor, as well as your tax professional. And our ultimate goal is to help you maximize your impact while optimizing your tax situation.
Happy Giving Tuesday!
If you would like to discuss your charitable giving or tax–planning issues in more detail or have other year-end planning questions, please contact your Litman Gregory Wealth Advisor or email our team at email@example.com.
Investment Key Takeaways—Year-End 2020
Very few (if any) market observers would have predicted a strong market outcome in early 2020, with pandemic fears rampant and the global economy falling off a cliff. But global stocks ended the year at all-time highs with a 16% gain. At Litman Gregory, we “stayed the course” during the volatility, and it proved prescient once again. In this post, we summarize key takeaways from our full year-end investment commentary, offering an overview of financial market performance and our outlook for the months ahead.
Commentary from Our CIO—Year-End 2020
In this year-end commentary, CIO Jeremy DeGroot reflects on the recent challenging and turbulent year and lays out our investment outlook for 2021 and beyond. The strong full-year market returns masked the incredible volatility and stress investors faced earlier in the year. While many risks remain, the early stages of vaccine distributions and economic stimulus are providing a light at the end of the tunnel.
Alice Lowenstein Earns CSRIC™, Sustainable, Responsible & Impact Investing Designation
We are pleased to share that Managing Director Alice Lowenstein has obtained the Chartered SRI Counselor designation, the first major financial credential dedicated specifically to sustainable, responsible and impact investing. This designation demonstrates Alice’s knowledge of SRI principles and best practices.