Whether it is referred to as planned giving, gift planning or legacy giving, it is a method that allows people to make larger philanthropic gifts than they could make from ordinary income.
This article is from the Memphis Business Journal
SRI (Socially Responsible Investing), Impact Investing, and ESG (Environmental, Social, and Governance) Investing belong to a growing category of investment choices that use traditional investing practices to responsibly impact society.
As director of planned giving for the University of Memphis, I am privileged to talk with people not just about their giving, but about why they give and how they want to be remembered.
Two Medicare enrollment periods are happening now until March 31.
Agent Orange is a herbicide used notoriously during the Vietnam War. From 1961 to after 1971, military members sprayed more than 20 million gallons of Agent Orange on trees and vegetation.
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“What is your greatest retirement fear?” If you ask any group of retirees and pre-retirees this question, “outliving my money” will likely be one of the top answers. In fact, 51% of investors surveyed for a 2019 AIG retirement study ranked outliving their money as their top anxiety.
Here are some things you might consider before saying goodbye to 2019.
For many, the holiday season sparks the spirit of giving – not only among family and friends, but to those living in need and the organizations working to help them. If you’re committed to helping improve the lives of others in your community, it may mean thinking long-term.
The health care landscape in America is ever-changing and often confusing. It’s hard to know exactly what health insurance covers, eligibility requirements, how to access government subsidies and even when to pay penalties.
WASHINGTON – U.S. Transportation Secretary Elaine L. Chao today announced that the Department will award $157 million in airport infrastructure grants to 34 airports in 19 states, plus the U.S. Virgin Islands. This is the sixth allotment of the total $3.18 billion in Federal Aviation Adminis…
The Better Business Bureau of the Mid-South (BBB) is warning consumers about two local apartment complexes that have earned F ratings from BBB due to unanswered and unresolved complaints from their tenants. In addition to sending individual complaints to the companies, BBB sent each company …
Financial exploitation (FE) in older adults is the “illegal taking, misuse, or the concealment of funds, property or assets of a vulnerable elder,” according to the National Center on Elder Abuse, and poses a serious public health problem.
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With Memphis City Council elections coming up in October, it is a good time to call on candidates to pledge to drop the unfair practice of declaring that actions of the council are not final until the minutes of a meeting are approved.
A Certificate of Deposit, commonly referred to as a CD, is a financial product that is offered by banks and credit unions, which makes them a secure and safe place to keep money that you aren’t planning to spend anytime soon. To initiate a CD, there is usually a minimum amount you need to deposit.
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What Is Identity Theft?
Shelby County had a better than usual growth in its property tax base this year, according to assessed value figures reported by Property Assessor Melvin Burgess’ office.
An in-depth investigative study by the Better Business Bureau (BBB) finds that fraudulent consumer goods are ubiquitous, difficult to tell apart from the legitimate products they are counterfeiting, and stem from a large network of organized criminals and credit card processing mechanisms th…
The Better Business Bureau of the Mid-South has elected officers and new directors for 2019.
This month the city Division of Solid Waste will begin a new procedure for picking up yard debris and items not in a garbage cart.
Weighted average daily attendance (ADA) numbers for this school year will again result in a shift in county funding from Shelby County Schools and other publicly funded schools in the county district to five of the six suburban school systems.
Memphis Mayor Jim Strickland and his administration have a major goal of reversing the decades-long pattern of people moving out of Memphis.
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When creating a will, there’s one question that each of my clients has in common. That is: “What do I do with my stuff.”
Construction has begun on Avenida Watermarq at Germantown, a new lifestyle community of apartment home residences for adults 55 and older.
GENERAL
It is important to have a plan for your retirement, but where should you begin? The first step that you should take is to estimate the income that will be required to fund your retirement. However, it is not as easy as it sounds since retirement planning is not an actual science. Your needs …
The Instagram message seemed to come from an old classmate. But it wasn’t an old classmate at all. It was a scammer trying to get chummy in order to steal money from the Olive Branch woman she was targeting.
Memphis University School supporters Dot and Bill Halliday planted a seed for the future when they decided to support the school with a longer-term endowment years before they died.
Known variously as planned giving, gift planning or legacy giving, it is a method that allows people to make larger philanthropic gifts than they could make from ordinary income.
Do you have an email account? Are you on social media? If you answered yes to either of these questions, chances are you’ve been sent a link to a crowdfunding site to support an individual, organization or cause. Crowdfunding sites such as GoFundMe, YouCaring, Kickstarter, and Fundable all a…
You think that you have your estate plans in order.
Fraudsters and scammers come at us from every angle - email, social media, phone calls, etc. -- and at times it can be very hard to determine what’s legitimate and what’s not. Here are some tried and true methods to keep your accounts and other personal information out of the hands of frauds…
One afternoon in March 2017, I received a call from Rhodes College President Bill Troutt.
The Census Bureau’s state population estimates for July 1, 2018, show a mixed picture for Tennessee, Arkansas and Mississippi.
Whenever you read about important topics like long-term care, health care or retirement, you’re likely inundated with facts and numbers. The cost of care, the likelihood you’ll experience various diseases, how much you’ll need in retirement to live and pay for care — these are some facts you…
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Are you making charitable donations this holiday season? If so, you should know about some of the financial “fine print” involved, as the right moves could potentially bring more of a benefit to the charity and to you.
Seniors got a little good news last fall. It will help retirees out, but it will not help them get ahead.
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Netflix has released a teaser for season 4 of "Stranger Things" with a surprising spoiler.
Microsoft teamed up with a small Wisconsin town to test its cutting edge election security system called ElectionGuard. The tech giant says it can thwart hackers and help win back voters' trust in elections. Here's how.
CNN's Zain Asher has the day's top business headlines after the closing bell on Wall Street. (February 21, 2020)
Matthew Wilder's 1983 hit "Break My Stride" is climbing charts again almost four decades later. Here's how TikTok is having a big impact on the music industry.
Thanks to delays in shipments from China, many wedding dress sellers are seeing long delays in bridal gown orders.
Uber will allow users in Florida to call and speak to a live representative when booking rides
CNN's Christine Romans has the day's top business headlines before the Opening Bell on Friday, February 21.
With voyage fares ranging from $1,600 to $19,000, Branson's new cruise line, Virgin Voyages, is set to tour the Caribbean starting in April 2020.
To pay someone to figure out how much you have to pay the government seems like adding insult to injury. For many taxpayers, there's an easier way.
Formed in 2003, IRS Free File is the product of a partnership between the Internal Revenue Service and a group of twelve online tax software suppliers that form the Free File Alliance – including such familiar names as TaxSlayer and H&R Block. Free File was intended to increase electronic filing by making the process easier for a greater number of Americans. Both the tax preparation and the e-filing process are free. "You don't have to be an expert on taxes," says IRS Commissioner John A. Koskinen. "Free File software can help walk you through the steps and help you get it right."
Over 56 million tax returns have been filed through the Free File system to date. You can use the Free File software if your Adjusted Gross Income (AGI) was...
DES PLAINES, Ill., Feb. 20, 2020 /PRNewswire/ -- Despite being fourteenth in total population, Arizona leads the nation in auto glass claims, according to the National Insurance Crime Bureau (NICB).
The homebuying process can feel antiquated. Zillow wants to change that. Zillow CEO Rich Barton tells CNN Business' Rachel Crane why the company is now buying, renovating, and selling homes.
CNN's Zain Asher has the day's top business headlines after the Closing Bell on Wall Street. (February 20, 2020)
CHANDLER, Ariz., Feb. 20, 2020 /PRNewswire/ -- Zovio Inc (NASDAQ:ZVO), an education technology services company, today announced the results for its fourth quarter and full year ended December 31, 2019.
As Victoria's Secret struggles to lure new customers, online bra sellers like ThirdLove are using tech and data to build a fanbase.
If you're a traditional employee, every year you receive a W-2 form from your employer that records your earnings for the year and the amount of taxes withheld from those earnings. IRS 1099 forms are complements to the W-2 form for non-traditional employee relationships. They are generally designed to record sources of income that have not been subjected to withholding – in other words, sources where an employer has not already paid the corresponding taxes.
If you are self-employed, you know the IRS form 1099-MISC that reports payments made to you over the course of the year. However, there are many different types of 1099 forms – and not all of them increase your tax bill.
SSA-1099 – Your Social Security benefits are recorded here. No more than 85% of your benefits can be s...
How Seniors Should Handle A 1099-C
Contigo announced a recall of about 5.7 million of its kids water bottles over fears its spout can detach and cause a child to choke.
CNN's Christine Romans has the day's top business headlines before the Opening Bell on Thursday, February 20.
CNN's Zain Asher has the day's top business headlines after the Closing Bell on Wall Street. (February 19, 2020)
From turning it into a "ghost" to turning it upside down, Burger King loves to stir up press by changing its signature Whopper.
Pier 1 joins a long list of retails struggling in the digital age. CNN Business' Paul R. La Monica explains what's next.
Stocks are still climbing despite coronavirus fears. But David Kelly, Chief Global Strategist at J.P. Morgan Funds, explains why the 2020 election could eventually cause a correction.
While many experts worry about the bull market's future, Penn Financial Group president Matt McCall explains why he thinks it has another 10 years of growth ahead.
At CNN Business' live event "The Table," Chipotle CEO Brian Niccol tells Christine Romans that tech advances will help Chipotle serve good food faster.
McDonald's is bringing back the Shamrock Shake for its 50th year. CNN Business looks at the most popular seasonal bites and why they've become fast food staples.
Like most Americans, you probably want to get through your taxes as quickly as possible. Since the Tax Cuts and Jobs Act (TCJA) was passed in 2017, fewer of us will itemize, and those who do may find fewer deductions available. However, do not rush through your return so quickly that you simply take the standard deduction and ignore deductions that can bring you a healthy refund. Consider these commonly overlooked tax deductions.
1. Charitable Contributions – You may not feel that you give enough to charity for it to matter, but every little bit helps when itemizing deductions. Any gift to a qualifying charitable organization may be deducted. The IRS website has an online search tool to verify the qualified status of any organization, but the receiving organization should be able to provide you with proof. For tax year 2019, you may deduct donations worth up to 60% of you...
Only 25% Of Americans Know This Simple Tax-Savings Trick
Hoan Ton-That's app, Clearview AI, has triggered fears about facial recognition — and the dystopian future it could foreshadow. CNN Business' Donie O'Sullivan sits down with the CEO to put the app to the test.
UK company Bio-bean turns spent coffee grounds into a range of sustainable, bio-based products - including Coffee Logs for domestic use and biomass pellets used in industrial applications.
The Chinese government announced that it would revoke the press credentials of three Wall Street Journal reporters, the largest expulsion of overseas media from the country in more than three decades.
MESA, Ariz., Feb. 19, 2020 /PRNewswire/ -- Local real estate developer, Bela Flor Communities, is pleased to announce Bella Victoria, a smart-tech, luxury apartment home community located at 1350 S. Ellsworth Road in Mesa, Arizona, a 2019 WalletHub top-ten city.
CNN's Christine Romans has the day's top business headlines before the Opening Bell on Wednesday, February 19.
China's censorship laws are decisive and broad, and they include everything from Winnie the Pooh to the NBA.
Lime CEO Brad Bao explains the problems the company has faced scaling quickly and going global.
Lime CEO Brad Bao explains why there are no women on Lime's board and his plans to diversify the company.
CNN's Zain Asher has the day's top business headlines after the Closing Bell on Wall Street. (February 18, 2020)
PHOENIX, Feb. 18, 2020 /PRNewswire/ -- RRA Capital, a Phoenix-based investment manager focused on short-term commercial real estate debt, closed its first round of funds to new investors after receiving a $20M commitment in the final close. Oak Street Real Estate Capital, a Chicago-based private equity real estate firm made the investment that incorporates a $20 million commitment to RRA Capital's Credit Opportunity and Credit Income Fund I, as well as a planned commitment towards the launch of RRA Capital's successor commercial real estate debt fund launching in mid-2020. The funds target middle-market, short-term financing spanning senior position and mezzanine debt as well as preferred equity on value-add and distressed assets nationwide.
TUCSON, Ariz., Feb. 18, 2020 /PRNewswire/ -- CBOA Financial, Inc. (OTCMKTS: CBOF) (the "Company"), parent company of Commerce Bank of Arizona (the "Bank" or "CBAZ"), announced today that President and CEO John P. Lewis will retire from the Company and the Bank on April 21, 2021. Effective immediately and until his retirement, Mr. Lewis will serve in the role of Tucson Market President.
President Trump says he is granting clemency to Michael Milken, the legendary bond king from the 1980s who served several years in prison for violating securities laws and has since become a prominent philanthropist.
After public pressure from his own employees, Amazon CEO Jeff Bezos is putting about 8% of his net worth towards the fight against climate change.
HSBC said it would cut around 35,000 jobs and dramatically overhaul its business after its profit plunged by a third in 2019.
Every direct employee of a company should receive a W-2 form in January. The W-2 is the base document that defines your tax obligations, so it is important that you review and understand yours. However, some people are confused by some of the form's numbers — for example, why the wage listed on a W-2 form does not always match their salary — and simply fill in the information from each box into their tax forms without giving it a thorough review to verify that the information is correct.
Employers can and do make mistakes on W-2s, and these errors can cost you money as well as time and effort to correct downstream tax ramifications. Let's take a look at the W-2 form in a bit more detail.
Understanding Your W-2 Tax Forms
First, verify the pertinent baseline information in the spaces labeled with letters, namely your Social Security number and both addresses (yours and your employer's). Assuming that's correct, look at the block of eight boxes in the uppe...
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