Foster Group - Financial Planning Insights

Important Updates on IRA Tax Reporting

Category: Financial Planning » Charitable Giving

By Marcus Iwig

01/26/2021

It is the taxpayer’s responsibility to keep records of distributions made to charity and contributions to their IRA and account for those on their tax return.

The Four Uses of Money

Category: Financial Planning » Charitable Giving

By Joe Bantz

11/06/2020

Did you know that there are just four uses of money? They are Owe, Grow, Give, and Live.

No Better Time to Deploy Your Donor Advised Fund

Category: Financial Planning » Charitable Giving

By Wade Den Hartog

05/15/2020

One of the best vehicles to help our clients meet their charitable giving goals is a Donor Advised Fund (DAF). Having a DAF in place for times like these is important to help meet the needs of your community.

Who Should Care About the CARES Act? You!

Category: Financial Planning » Charitable Giving

By Zach Dalluge

03/30/2020

Early in the morning on Wednesday, March 25th, negotiators from both Congress and the Executive branch struck a deal spending nearly $2.2 Trillion to aid individuals and businesses.�

Generous Giving is Meaningful Living!

Category: Financial Planning » Charitable Giving

By Joe Bantz

02/07/2020

My wife taught me to be a giver. She gave me plenty of opportunities to “practice” giving until I began realizing that it was fun, and it actually made me happier!

Teaching Your Kids to be Grateful and Giving

Category: Financial Planning » Charitable Giving

By Wade Den Hartog

11/22/2019

Most of the time, it is not so much how we directly “teach” our kids about the value of money but rather how we model and speak about money around them.

Money Can’t Buy Happiness, or Can It

Category: Financial Planning » Charitable Giving

By Caleb Brown

10/29/2019

The book Happy Money: The Science of Happier Spending by Elizabeth Dunn & Michael Norton has changed the way I think and feel about spending. It’s based on academic research that identifies ways that spending can increase our joy, something I didn’t think possible before reading this book!