Betcher Financial Group Says Charitable Giving Is Not Just for the Recipient
Charitable planning can allow donors to receive benefits that extend beyond the personal satisfaction of giving. Consulting a financial advisor is recommended to ensure all opportunities are explored and to provide the maximum benefit to the donor and the recipient.
STERLING HEIGHTS, Mich., Nov. 14, 2013 /PRNewswire/ -- The season for charity is right around the corner, and while most who give do not think about what they can receive in return, the benefits of charitable giving extend beyond the inner satisfaction. Joe Betcher, President of Betcher Financial Group (BFG), says that giving is a wonderful way to celebrate the holiday season and can also provide financial benefits to the donor through tax incentives. This, if desired, can provide additional opportunities for giving.
"Tax savings with proper planning can allow people to give to charities and/or to give more to their heirs," explains Betcher. "People are able to use what could be the government's money for gifts to charities and for the legacy of their family."
Additionally, Betcher points out that gifting to a charity can reduce estates to a level that will result in no estate tax implications.
"Instead of giving estate money to the government, people can keep it and use it to build a legacy," says Betcher.
There are also charitable giving strategies that can allow individuals to give money to a non-profit organization and receive a tax-free income while still leaving a legacy.
"Donors have various options for charitable giving depending upon their financial situations and goals," states Betcher. "It's important to consult a financial advisor during the initial stages of planning to ensure all opportunities are explored in order to provide the maximum benefit to the donor and the recipient."
About BFG
Betcher Financial Group is an independent financial firm specializing in retirement planning, wealth management, insurance, charitable giving strategies and estate planning. As an independent firm, BFG offers a more diversified range of options tailored to the client's needs. The Betcher Financial Group mission is to help ensure businesses succeed, families are protected, and people enjoy a comfortable retirement. For more information, visit www.BetcherFG.com.
Securities offered through The O.N. Equity Company Member FINRA/SPIC. Investment Advisory Services offered through O.N. Investment Management Company.
SOURCE Betcher Financial Group
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