The theme this week on the Retirement Quick Tips Podcast is: Know Thyself. I’m posing some questions you’ll want to ponder as you approach retirement that will help you keep the big picture in mind and align your finances with your most important goals. 

Today’s question looks to your charitable giving goals and your legacy goals. As we age, I find that legacy and how you want to be remembered becomes more important. 

Which naturally leads to questions like: How important is it for you to leave assets behind for your children/heirs? Do you have any specific charitable giving or other legacy goals? Both lifetime and after you’re gone

Why it matters:

• margin of safety at the end of life for inheritance and bequests
• Budget in regular giving to your monthly and annual retirement budget
• Plan RMDs for charitable contributions
• Update will, trust, estate plan

Too many people give with what they have left over, but if you want to be intentional with your giving, you’ll want to build it into your overall plan for retirement. 

That’s it for today. Thanks for listening! My name is Ashley Micciche and this is the Retirement Quick Tips podcast.  

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Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance