Financial planning isn’t just about managing money and making investments. It’s also about making a positive impact on the world and giving back to the causes that matter most to you. That’s why many financial planners like to include charitable planning as a part of their services. In this blog, we’ll hear from a financial planner who is particularly passionate about charitable planning and the rewarding experiences it brings.
Derek Myron, CFP®Managing Director, introduces the benefits of charitable planning:
Discovering the Benefits of Charitable Planning
For this financial planner, one of the most exciting parts of the job is helping clients discover the benefits of charitable planning. Oftentimes, clients are unaware that the charitable planning strategies they can put in place can really mitigate their own income taxes and allow them to use those dollars to effectuate change to the social causes that are near and dear to their heart.
The Rewards of Charitable Planning
But it’s not just about the tax benefits. When charitable planning strategies are put in place and grow and flourish, and as they start rewarding the community and the things that really matter to them, the amount of giving that comes back to the client is tremendous. Clients realize that what they’re doing just matters so much, and that they get so much more out of it than what they give. And that is a super rewarding part of the financial planner’s job.
Finding the Right Charitable Planning Strategies
Charitable planning is not just about writing a check or making a donation. It’s about finding ways to give back that align with your values and goals. A good financial planner can help you identify the best charitable planning strategies that work for you, whether it’s creating a donor-advised fund, setting up a charitable trust, or finding other ways to give back.
In conclusion, charitable planning is a powerful way to make a positive impact on the world and give back to the causes that matter most to you. It’s also a way to mitigate taxes and reward yourself in the process. With the help of a knowledgeable financial planner, you can find the best charitable planning strategies that align with your values and goals, and make a real difference in the world.