In some cases, leaving your qualified retirement account to a charity and other assets to your heirs can save on taxes.
An important part of establishing an IRA, 401(k), 403(b) or other
qualified plan is naming a beneficiary. On the positive side, this helps
ensure that upon your death, any remaining account balance will
transfer directly to your heirs without going through probate. On the
negative side, your heirs could lose up to 80 percent of the account’s
balance to income and estate taxes, both federal and state.
Leaving Your 401(k) to a Charity
Posted in:
Estate Planning,
Giving Back
Estate Planning: Supporting a Noble Cause
Posted in:
Estate Planning,
Giving Back
Charitable trusts are a handy tax-saving tool. But they can also greatly benefit a charity of your choice.
More and more retirees are volunteering for charities and non-profits in an effort to contribute to their community and stay active and healthy. Even the Peace Corps has seen a large increase in the number of older volunteers. But there’s a way you can contribute to society without going overseas, and it’s called a charitable trust.
More and more retirees are volunteering for charities and non-profits in an effort to contribute to their community and stay active and healthy. Even the Peace Corps has seen a large increase in the number of older volunteers. But there’s a way you can contribute to society without going overseas, and it’s called a charitable trust.
Control Your Legacy with a Private Foundation
Posted in:
Giving Back,
Estate Planning
Private foundations can let you control your gifts, reduce taxes and impart your values to future generations.
Call it the golf and gala glut: the growing list of charitable parties, balls and outings aimed at raising funds for charitable causes from religious to educational to medical research. If your calendar has filled with worthy causes seeking your name and your wallet, you may want to consider channeling your time and money into a private family foundation.
Call it the golf and gala glut: the growing list of charitable parties, balls and outings aimed at raising funds for charitable causes from religious to educational to medical research. If your calendar has filled with worthy causes seeking your name and your wallet, you may want to consider channeling your time and money into a private family foundation.
Moving to Chile
Posted in:
Places to Retire
Chile is simply one of the best countries to move to or retire in among all the Latin American or South American countries. A First World country at the price of many developing countries such as Costa Rica or Panama. It has more in common in terms of economic status and quality of living with many Southern European countries. Again, without the cost. We take a brief look at the top benfits of Chile. the newest member of the OECD in Latin America and the only member in South America as a place to retire. What benifits you gain by moving to Chile for retirement?
Thinking Long-term in a Short-term World
Undoubtedly, we live in a short-term world. If you work for a company
that is listed in the stock market, you will feel the pressure to reach
monthly targets. Financial results have to be reported every quarter to
shareholders and rightly so. There is no escape.
If you are a movie distributor, you watch the weekly box-office receipts like a hawk. You want to know which kind of movies are doing well these days. Historical romance? Vampire stories? Is there a trend that you can follow? When a film goes into theatrical release, the first weekend is decisive. There is no choice.
If you are a movie distributor, you watch the weekly box-office receipts like a hawk. You want to know which kind of movies are doing well these days. Historical romance? Vampire stories? Is there a trend that you can follow? When a film goes into theatrical release, the first weekend is decisive. There is no choice.
Research Before Donating to Charity
Posted in:
Giving Back
Giving to charity is a wonderful way to show support for those in need.
Choosing what charity to give to isn't always easy. It can be even
harder when you are afflicted with the many calls and letters from
charities asking for your donation. Don't allow anyone to push you into
a certain charity. That is a choice that you must make for yourself. It
can be hard to say no but the unfortunate truth is that you can't say
yes to them all. By making it a point to get involved in your
charitable donation, you guarantee that it is going exactly where you
want it to.
Surviving and Enjoying Life at 50 Plus - 15 Things You Must Do During your PreRetirement Years
A seemingly endless number of articles and magazine covers talk about
retirement, but the fact is that most Baby Boomers are still not ready
for the rocking chair. By 2010, 58 million people--20% of the
population--will be between 50-64 years old. Sure, they must do some
retirement planning, but meanwhile how do they survive and thrive in this challenging PreRetirement life stage?
Educational Philanthropy: Making A Difference One-To-One
Posted in:
Giving Back
There are not too many ways for individuals to make a tangible
difference inside public school classrooms unless you are a teacher.
Not everyone is called to teach, but for some people coming alongside a
teacher in a way that can make a real difference has been a difficult
task. Until now, that is. Please read on to learn about one such
organization impacting American classrooms that brings teachers and
individual donors together by way of the internet.
Charities Donations Solve Problems
Posted in:
Giving Back
"I believe that if you show people the problems and you show them the solutions they will be moved to act"
Bill Gates
Your charities donations solve the problems of those less fortunate than yourself? We all like to think that we are doing something to help but first you need to be shown the problem before you can act effectively.
Bill Gates
Your charities donations solve the problems of those less fortunate than yourself? We all like to think that we are doing something to help but first you need to be shown the problem before you can act effectively.
Need Something To Do: Serve!
Posted in:
Volunteering
Are your days dragging on? Are you looking for a way to contribute to
your local community? Do you want to get involved in a project bigger
than yourself? Do you need some hours to fulfill a community service
requirement? If so, I have got the thing for you: serve. It sounds
elusive and ambiguous, but it does not have to.
The Importance of Charity
Posted in:
Giving Back
The most important aspect of being wealthy is recognizing that you are
wealthy and appreciate what money and financial success can do. For
those who make a sincere effort to examine what they have in life
compared to most in the world, it will help manage daily stress and
anxiety.
Involvement in the Community
Posted in:
Community
"We seem to need to see ourselves as going somewhere - as being on a
journey in pursuit of a significant purpose." Kenneth Thomas
Politicians speak all the time about community values, strength of the community, and community responsibilities. Are these just words? Or does the rest of the country really believe in a concept of community? Generally, every human being has an innate respect for the community in which he lives. However, in practice it is a different story. A lot of us don't even know our neighbor's last names (if we know their first names). We get involved with our own lives and don't see those around us.
Politicians speak all the time about community values, strength of the community, and community responsibilities. Are these just words? Or does the rest of the country really believe in a concept of community? Generally, every human being has an innate respect for the community in which he lives. However, in practice it is a different story. A lot of us don't even know our neighbor's last names (if we know their first names). We get involved with our own lives and don't see those around us.
