MoneyWise Live | December 25, 2018

Generosity / Year End Giving with Michael King

Show Notes

Merry Christmas from all of us at MoneyWise Live. We hope you’re having a very blessed day with family or friends. They say Christmas is the most wonderful time of the year … but it’s also the most generous.  After all the presents are opened, we’ve got time to reflect on our generosity … not toward each other, but to God’s kingdom. So first up today host Rob West talks with Michael King of the National Christian Foundation about year end giving. 

Our topic is generosity and here to help us think about it and apply it is Michael King from the National Christian Foundation because we still have a week to make an impact in 2018.  Rob West asks Michael these questions:

  • We’re going to talk about year end giving and all of the tax implications involved with it but that’s not really the reason we give.  What should be our motivation?
  • In 2018, there’s a lot of uncertainty because it’s the first year we’re filing with all of the changes put into 20-17 tax act. What should we expect?
  • Are there any planning options or considerations for those taxpayers that won’t itemize their deductions?
  • How can a donor advised fund help?
  • Are there other reasons to consider a donor advised fund?
  • What other ways are there to maximize charitable deductions?
  • Should we consider it a blessing in getting tax savings?

Next, Rob and Steve answer these questions at 800-525-7000 or via email at

  • If you're investing your 84 year-old mother's funds for her, should you look at local banks or online resources?
  • If you about to quit your secular job and start a job with a church but they don't offer any benefits, how do you build these things into your own finances?
  • Can you explain why you shouldn't start Social Security benefits early?
  • If you've noticed the younger people that associate with your children seem frivolous with money, is there a way to set up a structured trust that could assist with giving money to your heirs without spoiling them?
  • If you've recently sold a house that netted you $120,000, and will be living with your mom as she grows older, what should you do with the proceeds?

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