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Originally Posted by Kuan
Why? Why is giving part of every financial plan? Thoughts?
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Uhh....taxes ?
You can debate the usefulness of "giving" all you want, but when it comes to financial planning, I think the only purpose to planned giving is for tax advatages (writeoffs?) and goodwill that can be "bought" from the people you are giving to... The only example I can think of is when someone gives a large sum to a church, that person stands a good chance of being considered a "good person" and more highly respected in that circle, perhaps in their older years the pastor will visit them more, or they will be asked to serve on the church board...
Obviously, Good will isnt assured.
-John