Category: Giving Strategy
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Should you plan for Generosity? Three Reasons to Build Giving into Your Financial Plan.
For some people, financial generosity or giving can be a sore subject, but for others, it can be all that they talk about. Regardless of someone’s level of generosity, most people would tell you they prefer to be more generous. Even though most people’s “giving plan” is a reactive check when a friend or colleague…
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Are You Donating to Charity? A Fresh Look at Charitable Giving in 2025.
With all the changes in the recent tax bill, there were not many changes to charitable giving. For whatever reason, it seems that charitable giving from a financial and tax perspective has been an afterthought for much of the American financial culture over the last few years. While the government still incentivizes you to give…
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Should Everyone Attempt to Avoid Probate? A Case for More Estate Planning Than Just a Will.
Since the passing of my father, I have thought a lot more about the probate process and whether it is helpful or not. He passed unexpectedly, without a will, and left my sister and me with the responsibility to settle his estate. While I have not had a completely negative experience with the Probate process,…
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Wondering if a Trust Should Inherit Your IRA? Here’s What You Need to Consider.
As an advisor, I have a guilty pleasure of attending “financial events” where I already know most of the content that is presented. Inevitably, there are one or two interesting facts that I did not know (which makes it worth going to). Here is one I heard last month: “Married couples should name their revocable…
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How Much is Enough? How to Balance Spending, Saving, and Giving.
In our modern economy, one of the major financial problems we face is what to do with our money. As small business owners, managing money is more than just turning profits, but also deciding what to do with those profits. Specifically, as we go throughout life and generate larger incomes and wealth, we increasingly understand…
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Do You Have a Giving Account? How a Donor Advised Fund can Help You Give More Away and Pay Less Taxes.
Generosity, or giving your money away, is perhaps one of the least discussed financial topics. Some could speculate why, but the fact remains that there are not many good strategies to help people with their philanthropic efforts. We should encourage each other to ‘pay it forward’ and give generously. In at least one small part…
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9 Year-End Tax Planning Strategies For Your Small Business.
Tax Planning is, among many things, about strategically changing your income level to improve your tax situation. After nearly a full year of work, there are typically some good year-end tax strategies to optimize your taxes before the end of the year. While not all strategies apply to everyone, taking advantage of opportunities could mean…
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How To Create Your Own Financial Plan
What Is a Financial Plan? Financial planning is critical with how important money is in our lives. A reason you may feel stressed financially is largely because you do not have a plan. A Financial Plan forces you to review each aspect of your life and money so you can maximize your impact and reduce…
TC Falkner 