planned giving

The SECURE 2.0 Act of 2022 has introduced significant changes to retirement savings and tax laws – presenting new opportunities for people looking to make charitable gifts from their retirement funds. In this blog post, we’ll explore how SECURE 2.0 makes it easier and more beneficial to make charitable contributions by focusing on three key incentives.

Planned giving is the process of donating to a charitable organization beyond one’s lifetime through financial vehicles like wills, trusts, and life insurance policies. By incorporating philanthropy into our financial planning, we can ensure that our assets are used to support causes that are important to us and ensure that we’re making a difference in the world long after we’re gone.

Every year, millions of people donate cash and gifts in kind (i.e. goods and services) to their favorite nonprofit organizations (NPOs) and charities. These tangible gifts are most definitely appreciated by the receiving organizations. However, if you ever found yourself wishing you could do more as a donor, assets like life insurance are a convenient type of donation that can make a profound impact on a cause you care about.

An IRA charitable rollover is a way for you make a donation directly from an Individual Retirement Account (IRA) to an eligible charitable organization. This type of planned giving comes with a number of tax benefits.

Deciding what to do with a lifetime of assets isn’t easy, but we have helpful tips for creating a will as an act of love for your family.