Financial security is a top concern for many Americans. When it comes to planning for retirement, the necessity of saving enough money is front-of-mind for virtually every investor. But there’s one area where most people are missing out on an opportunity to build their legacy—charitable giving in their retirement plans. Though 2020 was a difficult year for many around the world, the numbers pointed to a heartwarming trend in charitable giving among the American public. Data collected by the Fundraising Effectiveness Project found that giving was 7.6% higher throughout the first three quarters of 2020 than the prior year, and 25% more giving was done on Giving Tuesday. This month, in the spirit of Giving Tuesday, we’ll be outlining several strategies you can use to make charitable giving a fruitful part of your life and retirement plan. 1. Work giving into your budget Most people who are familiar with budgeting...
Continue reading
