Charitable giving makes a difference in your life and in the lives of those who benefit from your generosity. No matter your financial situation, you can participate. Charitable giving is not only limited to giving money. A contribution of time can be equally important and meaningful.
It’s your money. Why not make the most of it?
The same excuses generations of people have used may be the same ones you are using today. What are your excuses?
While growing up, you probably heard many of the same old wives’ tales I did: if you keep making that face, it will freeze that way. Coffee stunts your growth (or makes hair grow on your chest). You can’t go swimming for 30 minutes after eating, or you will get cramps and drown. We’ve all heard them, and some, you may still believe. I’d like to dispel a few common financial myths.
As Adopt a Grandparent Day becomes a two-pronged outreach, businesses and organizations are encouraged to adopt a participating facility – which involves buying, decorating, filling and delivering treasure boxes to their facility and providing volunteers for in-person visits.
What if you could use the magic of compound interest for decades (i.e., a child policy), yet never pay taxes above basis because you take distributions as a loan?
It is not deemed as income, is not subject to required minimum distributions, and will not affect taxation on social security if in a life insurance policy. Death benefits are tax-free as well.
As a parent or grandparent, you can leave a legacy by using the magic of compound interest.
