Broker Check
cropped-RLS-Logo.png
Search
Schedule A Conversation
Share

RL120 - Generosity and Charitable Giving with Jeffrey Wallace

On this episode of the Retirement Lifestyle Show, Roshan Loungani, Erik Olson, and Adrian Nicholson talk to Jeff Wallace, the Vice President and Relationship Manager for National Christian Foundation, a non-profit organization that assists donors in donating to charitable causes. They talk about the benefits of charitable giving, how donor-advised funds operate, and how generosity can lead to real happiness in life. Listen now to learn about Generosity and Charitable Giving with Jeffrey Wallace.

[01:50] Getting to Know Jeff Wallace

[05:50] Living an Impact-Led Life

[07:40] The Relationship Between Generosity and Happiness

[10:19] How to Be More Intentional with Your Generosity

[16:45] What is a Charitable Checking Account?

[18:39] Jeff’s Background and How Generosity Has Impacted His Life

[24:35] The Benefits of Raising a Family that Understands Charitable Giving

[31:20] Building Generous Communities

[34:10] How Charitable Giving Positively Impacts Your Taxes

[36:39] Donor-advised Funds and How They Operate

[39:51] Why You Never Want to Donate Cash to a Charity

[45:45] Why Real Estate Is Such a Powerful Charitable Gift

[50:04] Pros and Cons of Setting Up a Private Foundation

[55:41] Key Differences Between a Charity and a Business

[01:05:40] When to Start Investing in a Donor Advised Fund

[01:10:09] Parting Thoughts

Episode Links and Resources:

Jeff’s LinkedIn 

Ncfgiving.com

Jeff’s Email: Jwallace@ncfgiving.com

Halftime: Moving from Success to Significance by Bob Buford

The Ruthless Elimination of Hurry by John Mark Comer

To read the Full Show Notes scroll down or click here.

  • Roshan Loungani can be reached at roshan.loungani@aretewealth.com or at 202-536-4468.
  • Erik Olson can be reached at erik.olson@aretewealth.com or 815-940-4652.
  • Adrian Nicholson can be reached at adrian.nicholson@aretewealth.com or at 703-915-8905

Listen now to learn about Generosity and Charitable Giving with Jeffrey Wallace.

Select episodes, like this one, can be found on YouTube: https://www.youtube.com/channel/UC0ZZPM3xk6onXNpb1ceAkCg

Visit Anchor.fm for ALL the links to several podcast sites: Anchor.fm: https://anchor.fm/roshan-a-loungani
Spotify: https://open.spotify.com/show/354IACA2UGM1DMsX8pfKlQ?si=0bfKMPI9TS29JogpOLnG_Q
iTunes: https://podcasts.apple.com/us/podcast/retirement-lifestyle-show-roshan-loungani-erik-olson/id1470410459
Follow Us At:
https://www.retirementlifestyleshow.com
https://www.retirewithroshan.com
https://twitter.com/RoshanLoungani
https://www.linkedin.com/in/roshanloungani/ 
https://www.facebook.com/retirewithroshan/
https://www.linkedin.com/in/financialerik/ 
https://www.linkedin.com/in/adrian-nicholson-74b82b13b/

#retirementlifestyleshow #retirementlifestylepodcast #fire #podcast #FI #Retire #retirewithroshan

Generosity and Charitable Giving with Jeffrey Wallace

Full Show Notes:

How Generosity Can Improve Your Life

We all want to be happy. And while everybody’s definition of happiness is different, there’s one thing that can make everybody happy: generous giving. Numerous studies have shown how generosity accelerates the free flow of positivity in a person’s life. Generous giving and showing kindness have also been proven to have health benefits other than just making us feel warm and fuzzy inside. For example, studies show that people who consistently give experience reduced blood pressure, improved mood, and reduced stress.

According to Jack, generosity makes people live a more meaningful life. He explains that you don’t need to be rich to show kindness. Just be a little generous, and you’ll notice a big difference in how you live your life. Remember, people who act solely out of self-interest are more likely to be unhappy. But the mere promise to be more generous is enough to trigger a positive response in our brains that makes us happier.

 

How Charitable Giving Can Impact Your Taxes

As earlier mentioned, donating money, goods, or time to your favorite charity is a great way to help the less fortunate in society. But did you know that charitable giving can positively impact your taxes and save you money? If you donate money to charity, you can report this when filing your taxes and potentially receive a tax deduction. 

However, if you want to gain the most from charitable giving, consider donating your best-performing stocks or real estate instead of writing a cheque. This allows you to avoid the tax from a sold investment and claim charitable contributions on your tax returns. Moreover, charities don’t pay any tax on the gain of the sale of stock because they get exemptions from the government. It doesn’t matter the type of charitable giving you prefer; there will always be a potential tax benefit on the other side of the curve. 

 

Episode Links and Resources:

Jeff’s LinkedIn 

Ncfgiving.com

Jeff’s Email: Jwallace@ncfgiving.com

Halftime: Moving from Success to Significance by Bob Buford

The Ruthless Elimination of Hurry by John Mark Comer

Disclaimer Welcome, you are now listening to the retirement lifestyle show with Roshan Loungani Erik Olson and Adrian Nicholson. This show is an exploration of ideas to help you work towards your ideal retirement. Roshan Loungani and Erik Olson serve clients across the US. They offer financial planning and investment advice through Arete Wealth Advisors, LLC, an SEC registered investment advisor and securities through Arete Wealth Management LLC, member FINRA, SIPC, and NFA. Get ready for the financial independence of your dreams. All opinions expressed by podcast hosts and guests are solely their own are based on information they believe is reliable. Neither Arete Wealth nor its affiliates, warrants its completeness or accuracy, nor do their opinions reflect the opinion of Arete Wealth. This podcast is for general informational purposes only and should not be regarded as specific advice or recommendations for any individual. Before making any decisions consult a professional. Finally, our music is the chance by Jason Shaw and Audionautix. It’s part of the YouTube Audio Library and it’s licensed under a Creative Commons license.

Thank you for listening.

Recent Posts

Warren Buffett's Wisdom: Insights from Berkshire Hathaway Annual Meeting

Warren Buffett’s Wisdom: Insights from Berkshire Hathaway Annual Meeting

Roshan Loungani reflects on attending Berkshire Hathaway’s annual meeting, stressing the value of learning from Warren Buffett’s experience and quotes. He discusses market efficiency and the importance of understanding businesses for investment decisions. Roshan also considers Buffett’s potential view on meme stocks. Key takeaways include focusing on good businesses, long-term investment, continuous improvement, kindness, and fundamental analysis. Listen now to learn more about Warren Buffett’s Wisdom: Insights from Berkshire Hathaway Annual Meeting.

Read More »
The Ultimate Guide to Artificial Intelligence Investing.

The Ultimate Guide to Artificial Intelligence Investing

In this episode, the hosts delve into investment opportunities within the artificial intelligence (AI) sector. They explore AI’s value chain, spanning infrastructure, cloud services, and applications. Comparisons to the dot-com boom are drawn, along with considerations regarding a potential AI bubble. The conversation highlights research areas such as chip manufacturers, software companies, robotics, and unexpected sectors like coal. Scalability, technology trustworthiness, and AI’s societal implications are emphasized throughout. Listen now to learn about The Ultimate Guide to Artificial Intelligence Investing.

Read More »
In this discussion, Roshan and Adrian explore Peter Lynch's final rules of investing, focusing on concentration versus diversification, market preparedness, temperament, and fundamental analysis. They highlight the importance of knowing your investment comfort level, observing trends, preparing for market declines, understanding risk tolerance, and focusing on company research, while emphasizing the benefits of equity mutual funds or index funds for less research-inclined investors. Listen now to learn Peter Lynch's Golden Rules for Investing: Smart Strategies Part 2.

Peter Lynch’s Golden Rules for Investing: Smart Strategies Part 2

In this discussion, Roshan and Adrian explore Peter Lynch’s final rules of investing, focusing on concentration versus diversification, market preparedness, temperament, and fundamental analysis. They highlight the importance of knowing your investment comfort level, observing trends, preparing for market declines, understanding risk tolerance, and focusing on company research, while emphasizing the benefits of equity mutual funds or index funds for less research-inclined investors. Listen now to learn Peter Lynch’s Golden Rules for Investing: Smart Strategies Part 2.

Read More »

Advisory services offered through Arete Wealth Advisors, an SEC registered investment advisor.

Securities offered through Arete Wealth Management, LLC, member FINRA, SIPC and NFA.

FINRA Broker Check

Disclosures | Business Continuity Plan

2021 © All Rights Reserved by the retirement lifestyle show. | Web Design by auspicious design.