For high-income individuals, donor-advised funds (DAFs) are becoming an increasingly popular giving and tax planning strategy. Indeed, DAFs have grown considerably in recent years. According to a report from National Philanthropic Trust, grants to DAFs rose by 27% between 2019 and 2020, the highest rate of growth in over a decade.

Yet despite their recent rise in popularity, many investors are unfamiliar with DAFs and their potential benefits and drawbacks. In this article, we’re sharing what you need to know about donor-advised funds and how contributing to a DAF may help you reach your financial goals.

If you’re growing increasingly concerned about your investments, you’re not alone. Indeed, 2022 has been a challenging year for long-term investors. Earlier this month, The New York Times reported that one in every 12 trading days so far this year has closed with a S&P 500 Index price change of 2.5% or more. (To put this information in perspective, there was only one day in 2021 when the S&P 500 gained or lost more than 2.5%.)

Then, on Friday, the S&P 500 briefly traded into bear market territory, losing more than 20% of its value since its previous high. Although a reversal late in the day allowed the index to sidestep an official bear market, the decline further agitated many investors.

When it comes to building wealth, we can be our own worst enemies. Indeed, many common thoughts about money are actually quite harmful to the average investor. Limiting financial beliefs can hinder our progress and keep us from reaching our goals.

The good news is anyone can grow their wealth, no matter your starting point. In this article, we’ll deconstruct five common limiting beliefs about money and the truths that can set you on a path towards financial freedom.

As a parent, it's important to have productive conversations about money with your children at an early age. According to research from the National Endowment for Financial Education, students whose home states required financial education courses were found to be more likely to save, less likely to make late credit card payments, and more likely to take on a healthy amount of financial risk. In other words, financially educated children tend to make smarter choices with their money throughout life. In this article, we’re sharing our best tips for teaching your kids about money.

In 2022, the average tuition at a ranked private university is just over $38,185. Moreover, out-of-state public university tuition is nearly $23,000, according to U.S. News & World Report. As the cost of a college education continues to rise, many people are looking for ways to defray these expenses. At the same time, those who have accumulated significant savings may be seeking tax-efficient ways to transfer their wealth. If you have grandchildren, funding their education expenses can be a great way to achieve both objectives. 

Executive compensation plans have evolved in recent years as employers seek to attract top talent and appease company stakeholders. Today, employers typically compensate executives with a mix of salary, annual incentives, long-term incentives, equity, and other benefits. Despite growing complexity, maximizing your executive compensation is still possible. And in many cases, executive benefits can be very valuable.