
Is Your 401(k) Balance Lying to You?
Your 401(k) balance may not tell the whole story. Learn how taxes, account types and withdrawal strategies can affect your real retirement income.
Author: Brandon Jordan, CFP®, CHFC®, CEPA®, CVGA®, CLU®, MSA, EA | CEO of Impact Advisors Group
Thanksgiving is my favorite holiday. We get enjoy good food, good wine, good football, and good fellowship… without the added element of gifts/Santa! 🙂 We have much to be thankful for!
As we gather around the Thanksgiving table and reflect on all we’re grateful for, it’s a perfect time to think about how we can give back. One wonderful way to do that is through a donor-advised fund, or DAF.
A DAF is like your own little charitable giving account, and it’s especially meaningful around the holidays. You can contribute to it when you’re feeling thankful, and then recommend grants to your favorite charities over time. It’s a bit like planting seeds of generosity that will blossom into support for the causes you care about.
Another reason to be thankful: a DAF can offer some nice tax advantages. You typically get an immediate tax deduction when you contribute, and then you can take your time deciding which charities to support. It’s a win-win: you get to express your gratitude through giving, and you get a little financial perk as well.
Finally, using a DAF is a way to instill a spirit of gratitude and giving in your family. You can involve loved ones in the decision-making, turning charitable giving into a shared tradition that reflects the true meaning of the holiday season.
So in the spirit of Thanksgiving, a donor-advised fund is one more thing to be thankful for! It gives us the ability to maximize the IMPACT of our generosity!

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