Giving Tuesday has been established as an international day for charitable giving and occurs each year on the Tuesday following Thanksgiving. It’s a fitting time to consider your philanthropic goals and review or design a giving plan. For that reason, we’d like to take this opportunity to shine a light on philanthropy and the ways you can maximize your impact on causes and organizations that are important to you.
As your advisor, we can facilitate discussions that will help you define your giving goals and then build your plan, especially where there are techniques which involve your investment and financial planning. Our wealth management team is regularly on the lookout for new strategies and ideas to help guide in the creation and updating of impactful and tax-aware gifting plans.
There are two strategies that we feel are important to focus on and have summarized them below.
For more details on some of the strategies outlined above as well as ideas on how to engage your next generation in philanthropic activities, please visit our charitable gift planning blog post written last year.
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. Our ultimate goal is to help you maximize your charitable 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 advisor.
Our Team is Prepared for the Gender Wealth Shift
Many leading companies have started to shift gears by offering new products, hiring more female advisors, and launching financial literacy and community outreach events. At Litman Gregory Wealth Management, we're ahead of the curve, with women making up 50% of our team.
Fourth Quarter 2023 Investment Commentary
As 2023 unfolded, global stock and bond markets ignored widespread expectations of a U.S. recession and surprised forecasters by shaking off a host of uncertainties to post strong gains for the year. This was a welcome rebound after a very difficult 2022, where high inflation made the Fed decide to raise interest rates sharply which led to negative returns for virtually all traditional investments. In this commentary we cover what led to the 2023 returns, as well as our outlook and strategy as we look ahead in 2024.
Year End Wishes from Litman Gregory Wealth Management
In reflecting on the events of 2023, we witnessed a positive turn in the financial markets as investors anticipated the possibility of a “soft landing” for the U.S. economy, but we were also disheartened by numerous worldwide conflicts. As we balance these experiences, we are grateful for our business and client relationships, and more than ever we are encouraged to be of service and give back to our community.