WIS is a locally owned, wealth management and investment consulting practice.
Basically we help people, particularly women, make smart decisions around managing and keeping their wealth.
-Is you impact matching up with your intent? -Many look at philanthropy as either giving of their time or their money, and only in their lifetime. -But, what if I told you that your money can be a vehicle to express your values, and there are many ways in which this can be accomplished. In How you give How you invest and what legacy you leave
So the question of the day is “Does your impact match your intent?”
D 80s and 90s -Did you know that women in giving and impact investment isn’t a new concept, in fact the first significant instance of female driven philanthropy dates back to the mid-1600’s. -Women have given their resources as well as their time to aid children, soldiers, widows, and the less fortunate and have led in charitable giving both publicly and anonymously, in small and large gifts from the arts to poverty. Now with the emergence of “impact investing” in the early 21st century, women have begun to lead the way in investing with their values. -this, though not historically praised, phenomenon illustrates the notion that women view and often use their money as a means to express and realize their values. -Research has indicated that women are more likely to use their wealth in a value-based manner1, showing that women are more likely to give, and in larger amounts than their male counterparts, -talk about girl power.
Other reasons: Give to a wide range of organizations Spend more time and due diligence when deciding to give Expect a deeper level of communication with the organization they support Place greater importance on hearing about the impact of their gift Indicate motivations are issue driven
-Generally speaking, lifetime gifts to charities can result in an income tax deduction for you. But before you make a sizable gift, be sure to seek tax advice.
Different ways to give Cash Giving Appreciated Stock – define Required Minimum Distribution – define 2018 tax laws have changed, lets look at strategies for maximizing those changes for yourself and the charity
Any time you make decisions one how something will affect your taxes you will need to consult with your CPA A few highlights on how the tax law changes have affected charitable donations: new standard deduction for married filling jointly $24k up from $12,700 For single fillers $12k up from $6,350 Limited state income and real estate taxes to $10k 45 Million Americans that itemized in 2017 will not itemize in 2018 If you will still donate consider a bunching strategy, Laura is going to give an example Donation of Stocks Fran story Donations from an IRA Nancy Story
BUNCHING STORY – Client sold a business in 2018 - retired – and will have no earned income in 2019 Annual Charitable gifts around $24,000 Needed strategy to reduce taxes in 2018 (since sold business) Set up donor advised fund Gifted $200,000 of appreciated stock to establish a pool of charitable capital that will be available to her in the future Gets deduction in 2018 since gift is greater than new standard deduction In 2019 – can recommend gifts to her favorite charities AND take advantage of the higher standard deduction
Laura: Your Money story can reveal your money mindset…your attitude about your finances, how you make decisions and you ability to accomplish your financial goals. Insecurities around money can cause you to be intimidated or have fear about having or dealing with money. So make and effort to understand your relationship to money and then take action by.
Faith: Having a plan –
Understanding the most Efficient way to Give Now and Later
Know that you can have and Impact on where you put your investments
Have a team that talks to each other that can help you make your plan as efficient and productive as possible.
Laura Webb -Women Power and Money WEDN 2019
A Critical Conversation About the Way Women
Think About Money
Laura Webb, CFP ®
Founder and President
Webb Investment Services
The 3 Biggest Mistakes
1. Not Understanding Your Money
2. Not Taking An Active Role in Your
3. Not Saving and Investing Enough
Polling Word Cloud?
Think back to your earliest memories of money,
what one word or phrase comes to mind?
Your Money Story
Figure out your own Money Story
Understand it’s influences
Work toward a healthy relationship
Poll – What ___________% of women will assume financial control of their
money at some point in their lives?1
Not Taking An Active Role in
Develop a Spending Plan or Budget
Create A Family Financial Statement
Schedule a Planning Weekend
Plan a Financial Date Night
Actually Read Your Tax Return
Seek Third Party Guidance
Help get debt under control, develop a savings plan and
create a Retirement Income Model.
The average shortfall for a woman when she retires runs _______ on average
below the net worth a man would have2.
Not Saving or Investing Enough
(and the most important)
Issues Facing Women2
On average women live longer
Social Security benefits is based on lifetime earnings
Not all women participate in work retirement plans
Women are more likely to work in part-time jobs
Not only is there a pay gap but there is an investing gap3
Most Important take aways:
OWN YOUR MONEY STORY
Take and Active Role in your Finances
Make sure you are saving AND INVESTING
Build a team to help you understand and achieve
It’s time that women be more
mindful about putting their
money where their values are
- Laura Webb, CFP ® Webb Investment Services
This Photo by Unknown Author is licensed under
Contact Information and Disclosures
Laura Webb, CFP ®
82 Patton Ave, Ste 610
Asheville, NC 28801
Securities offered through
Raymond James Financial Services, Inc.
Webb Invesment Services, Inc is not a registered broker/dealer and is independent of RaymondJames Financial
Services, Inc. Investment Advisory Services offered throught Raymond James Financial Services Advisors, Inc.