Trends in Charitable Giving

Trends in Charitable Giving

Whether the economy is expanding or contracting, Americans tend to be consistent with charitable donations.

In 2013, as the U.S. economy continued to stabilize, Americans gave an estimated $335.17 billion to charity. That’s almost $19 billion more than the previous year. 

Americans give to charity for two main reasons: To support a cause or organization they care about, or to leave a legacy through their support.

When giving to charitable organizations, some people elect to support through cash donation. Others, however, understand that supporting an organization may generate tax benefits. They may opt to follow techniques that can maximize both the gift and the potential tax benefit. Here’s a quick review of a few charitable choices:

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Eight Mistakes That Can Upend Your Retirement

Eight Mistakes That Can Upend Your Retirement

Pursuing your retirement dreams is challenging enough without making some common, and very avoidable, mistakes.

Here are eight big mistakes to steer clear of, if possible.

No Strategy: Yes, the biggest mistake is having no strategy at all. Without a strategy, you may have no goals, leaving you no way of knowing how you’ll get there – you if you’ve even arrived. Creating a strategy may increase your potential for success, both before and after retirement...

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