Financial Planning Newsletter September 2020
September 24, 2020
This has been a year unlike any other. Between the pandemic, hurricanes, and wildfires, millions across the globe have seen their livelihoods threatened and face tough times ahead. Those of us fortunate enough to be able to do so are likely feeling the need to pitch in and help.
When it comes to charitable giving, most of us probably do not give much thought beyond grabbing our checkbooks and donating when prompted. However, with a little bit of forethought and preparation, charitable giving can become an important part of your financial plan, allowing you to make the most of what you give, while also reaping some benefit for yourself by reducing your tax burden. Here are a few things to keep in mind when considering how to work charity into your financial plan.