What Does Your Client Want to Do in Retirement?

By Eric Kinaitis

As a trusted advisor to your clients, you are likely heavily involved in helping them think and plan about the financial matters that will provide them with a nest egg to support them in their retirement years.

However, what about the non-fiscal concerns? Potentially one-third of your client’s life may be spent in retirement … what are they going to do with their time and energy? How might using that time and energy affect their financial plans?

One area of interest is supporting the organizations and causes that are important to them. Many retired persons realize this may be a time to pass down their values and beliefs on to their grandchildren and other family members.

Planning for Doing Good

Understanding the charitable impact that they want to make BEFORE they enter retirement and strategize how to achieve the specific means to do that is what a charitable plan is all about.

A charitable plan starts with 10 questions a donor needs to ask to better understand their own giving. Some of those questions include:

• What charities do they support and why?
• How do they decide how much to give each year?
• Do they like being recognized for their gifts?
• What types of assets do they donate?

How A Donor Advised Fund Can Support a Charitable Plan

A donor advised fund (DAF) could best be described as a charitable investment account that provides simple, flexible, and efficient ways to manage charitable giving. The money or assets that go into a donor advised fund become an irrevocable transfer to a public charity with the specific intent of funding charitable gifts. 

The donor is able to make grant recommendations out of their DAF to support the qualified charitable organizations that they want to support and do so on their own timetable. At American Endowment Foundation (AEF), a donor's trusted advisor can remain involved in managing the investments in the DAF. An excellent resource to share with your clientele is our Ebook: Giving While Living - Continuing to Do Good When Your Working Days are Done .

At AEF, we look forward to being your ally in helping clients navigate  their financial and non-fiscal concerns concerns during their retirement years. Please contact us or call  1-888-966-8170 with any questions.