As the year winds down, discussions with our clients increasingly address their plans for giving back. During this time, we help fine-tune gifting strategies, optimize charitable contributions, and choose appropriate gifting vehicles. While these conversations happen every year, they have taken on a heightened resonance given the many communities around the globe impacted by 2017’s string of natural disasters.
If giving back has also been on your mind, we thought it could be helpful to share some of the tips and strategies we find useful in our planning discussions with clients:
On a more personal note, some of our clients have asked about Litman Gregory’s own charitable activities. Giving back to our community is a deeply embedded value for us, one we share with many of our clients. Through our Charity Partnership Program, we support two organizations in the San Francisco Bay Area that work to end family homelessness: SHELTER, Inc. and Compass Family Services, and we also provide a charitable gift-matching program for our employees. More recently, with so much of our immediate community impacted by devastating fires, we, as a firm and as individual employees, have directed additional donations to Northern California victims through two long-standing local organizations: Napa Valley Community Foundation and Sonoma County Community Foundation. In keeping with the advice we would give our clients, we carefully planned our giving to support these entities in a way that should generate the most impact.
Whatever your needs are around giving back, our primary responsibility as a fiduciary to our clients is to ensure that gifting choices appropriately support long-term goals and represent the most financially responsible strategies for each individual or family’s situation.
If you would like to learn more about specific gifting strategies, call your Litman Gregory Wealth Advisor to start a discussion, or contact us here. We still have time to help you put all the pieces in place before the end of this tax year.
Commentary from Our CIO—Second Quarter 2021
Global stock markets continued to surge in the second quarter. In our assessment of the macroeconomic backdrop and outlook, we continue to expect a strong global economic recovery over at least the next 12 months. In this quarterly commentary, our Chief Investment Officer, Jeremy DeGroot, reviews the current reasoning for our portfolio positioning, outlook on inflation, and forward-looking scenario analysis on the broader economy and markets.
Research Update: Increased Return Expectations for U.S. Stocks
As the economy and financial markets continue their recovery from the pandemic’s impact, our recent analysis resulted in improved expected returns for U.S. stocks. In this post we summarize our analysis and why we think an increased allocation to U.S. equities could benefit the risk-adjusted return profile of our portfolios.
Advisor Q&A: Tax Planning and the American Families Plan with Senior Advisor Chris Wheaton
The American Families Plan was recently released by President Joe Biden and includes many of the provisions outlined during his campaign. We asked Litman Gregory Senior Advisor, Chris Wheaton, to answer some questions about key proposed tax law changes, and related tax planning ideas for our clients to consider in 2021 and beyond.