The Financial Planning Blog

Your go-to financial planning and wealth management resource, whether you're just getting started or well on your way to a financially secure future.

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Charitable Giving  |  Connecticut Wealth Management  |  Legacy Planning  |  Wealth Management  |  charitable giving  |  financial planning  |  legacy planning  |  money

Money Doesn't Equal Happiness?

Today's culture tells us we need a lot of money to live a happy and successful life.  Sure, having enough money to meet our basic needs increases happiness, but more money won’t turn an unhappy life into a happy one. Consider that the United States is nearly three times as rich today as it was in 1970, but according to most surveys, Americans were just as happy then as they are now.

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Charitable Giving  |  Estate Planning  |  Legacy Planning  |  Stock inversions  |  Wealth Management  |  estate planning  |  legacy planning

Stock Inversions Can Be Good for Nonprofits

Although corporate stock  inversions have come under fire lately, U.S. based multinational companies continue to announce inversion plans. In an inversion transaction, the shareholders of the U.S. Corporation must exchange their shares for shares of the foreign parent corporation.  Although the inversion transaction qualifies as a tax-free reorganization that imposes no tax on the U.S. Corporation, this exchange is a taxable event for shareholders.

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Charitable Giving  |  Connecticut Children's Medical Center  |  Giving back  |  News & Awards  |  charitable giving

Connecticut Children's Medical Center Receives Pacific Life Partner Grant

Twice a year the Pacific Life Foundation awards twenty $5,000 grants to nonprofit organizations that financial advisors who work with Pacific Life are involved in. As a member of the Connecticut Children's Medical Center Advisory Board, Greg Hammond CFP®, CPA recently applied for a Pacific Life Partner Grant on their behalf. Pacific Life Foundation selected our application and the Connecticut Children's Medical Center Foundation received a $5,000 donation. The Pacific Life Foundation was established in 1984. Together with Pacific Life companies, the Foundation has contributed more than $77.9 million to community and national nonprofit organizations that address a broad spectrum of social needs.

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Charitable Giving  |  Giving Back

Rebuilding Day was a HUGE Success!

On Tuesday, July 15 2014, we participated in a transformational day of community service to support Baltimore, MD homeowners in need. One of our colleagues organized the event in conjunction with Rebuilding Together Baltimore, a nonprofit organization that preserves affordable homeownership and provides critical repairs for low-income homeowners at no charge.

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Charitable Giving  |  Legacy Planning  |  Wealth Management  |  charitable giving  |  legacy planning  |  wealth management

5 Charitable Giving Mistakes

Charitable giving provides benefits for the non-profit organization receiving the gift and for you. Are you currently giving in the most efficient and beneficial way? You can free up additional funds for charitable giving by being more effective with your charitable donations. Avoid these 5 common mistakes so you can give more and make a greater impact on the causes and nonprofit organizations you care about.

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Charitable Giving  |  Giving Back  |  Legacy Planning  |  charitable giving  |  legacy planning

The Butterfly Effect

It was the flutter of a wing felt around the world. In 1963, Edward Lorenz presented his hypothesis about the “butterfly effect” to the New York Academy of Science.  A butterfly could flutter its wings on one side of the world and set molecules of air in motion,which could then move other molecules of air.  The cumulative effect had the potential to create a hurricane on the other side of the world.  The Academy laughed at the idea.  But the concept, because it was so fascinating, endured. Physics professors in the mid-1990s established that it was accurate and valid. It proved true every time. And not just with butterflies and air molecules, but with all living matter, including people.  Thus was established “the law of sensitive dependence upon initial conditions.”   In other words, a small impact on the initial conditions of a situation can greatly change the outcome.

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