Giving Tuesday, a day created to inspire people to take action on the Tuesday after Thanksgiving, shines a light on philanthropy and encourages you to maximize your impact on the causes and organizations most important to you.
In our work with clients we fine-tune individual gifting strategies, optimize charitable contributions, and select appropriate gifting vehicles. Our role is also to facilitate discussions that help define giving objectives and then build a philanthropic plan, especially where there are techniques that touch the investment and financial planning realms.
If giving back has been on your mind, we wanted to share the following tips and strategies that we find useful in our planning discussions with clients:
It’s important to note that every person’s and family’s situation is different, and these tax and gifting techniques require careful forethought and planning. That’s why we feel it’s important, as wealth advisors, to be available for planning discussions and to coordinate with your tax professional.
Whatever your objectives are around giving, our primary responsibility as your advisor is to ensure that each gifting choice is made in support of long-term goals and represents the most financially responsible strategies for each individual or family’s situation.
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 Advisor or email our team at email@example.com.
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.