Donor Advised Funds for Smarter Charitable Giving

Donor Advised Funds for Smarter Charitable Giving

📞✨ Get in touch with Chessman Wealth: https://www.chessmanwealth.com/ [https://www.chessmanwealth.com/]  Charitable giving is about generosity, but that doesn't mean you should miss out on valuable tax benefits. Wade shares the true story of a couple who lost a $665,000 charitable tax deduction because of one missing document, and why proper documentation matters just as much as good intentions. In this week’s Kingdom Minute, Wade shares principles for borrowing wisely. He explains why debt should be approached with caution, encourages spouses to be united in financial decisions, reminds listeners to be patient before making major purchases, and highlights how avoiding unnecessary debt can preserve the financial freedom God intends for us. Here’s some of what we discuss in this episode: 💸 True Story: A $665,000 tax mistake 📄 Documentation: One missing form mattered 💰 Charitable Giving: Common deduction mistakes 🎁 Donor-Advised Funds: Simplify your giving ✅ Tax Compliance: Details make the difference Get in touch with Chessman Wealth: https://www.chessmanwealth.com/ [https://www.chessmanwealth.com/]  The opinions voiced in The Money Knight podcast with Wade Chessman of Chessman Wealth Strategies are for general information only and are not intended to provide specific advice or recommendations for any individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing. Investment advisory services offered through CWM, LLC, an Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors. Generally, a donor advised fund is a separately identified fund or account that is maintained and operated by a section 501(c)(3) organization, which is called a sponsoring organization. Each account is composed of contributions made by individual donors. Once the donor makes the contribution, the organization has legal control over it. However, the donor, or the donor’s representative, retains advisory privileges with respect to the distribution of funds and the investment of assets in the account. Donors take a tax deduction for all contributions at the time they are made, even though the money may not be dispersed to a charity until much later.

Helping Protect Your Wealth: Building Your Personal Fraud Defense System

📞✨ Get in touch with Chessman Wealth: https://www.chessmanwealth.com/ [https://www.chessmanwealth.com/]  Fraudsters are getting more sophisticated, but protecting yourself doesn't have to be complicated. Wade shares practical strategies to help build your own personal fraud defense system. Learn the warning signs of financial exploitation and the simple habits that can potentially reduce your risk. Here’s some of what we discuss in this episode: 🔐 Financial Exploitation: Why it's increasing ⚠️ Scam Myths: It’s not always strangers 👀 Warning Signs: Red flags to watch out for 🛡️ Fraud Defense: How to build up your protections 📱 Security Habits: Simple daily safeguards you can start today 🤝 Trusted Team: Your strongest defense Get in touch with Chessman Wealth: https://www.chessmanwealth.com/ [https://www.chessmanwealth.com/]  The opinions voiced in The Money Knight podcast with Wade Chessman of Chessman Wealth Strategies are for general information only and are not intended to provide specific advice or recommendations for any individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing. Investment advisory services offered through CWM, LLC, an Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors.

A New Way to Save for Retirement Just Got Signed Into Law

📞✨ Get in touch with Chessman Wealth: https://www.chessmanwealth.com/ [https://www.chessmanwealth.com/]  More than 50 million Americans currently don't have access to an employer-sponsored retirement plan like a 401(k), which means they're often missing out on valuable retirement savings opportunities. A new executive order from President Trump aims to address that gap by expanding access to retirement savings options for millions of workers. Wade breaks down what the order does, who it could help, and how the proposed retirement marketplace may work. Here’s some of what we discuss in this episode: 🏛️ Executive Order: Expanding retirement access 💰 Saver Match: Government incentives to save 💼 Coverage Gap: Millions lack workplace plans 💻 New Marketplace: Comparing retirement options online 📋 Personal Responsibility: Access is only the first step Get in touch with Chessman Wealth: https://www.chessmanwealth.com/ [https://www.chessmanwealth.com/]  The opinions voiced in The Money Knight podcast with Wade Chessman of Chessman Wealth Strategies are for general information only and are not intended to provide specific advice or recommendations for any individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing. Investment advisory services offered through CWM, LLC, an Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors.

How Scammers Target Retirees and How to Fight Back

📞✨ Get in touch with Chessman Wealth: https://www.chessmanwealth.com/ [https://www.chessmanwealth.com/]  Financial scams are becoming more sophisticated, more believable, and more expensive than ever before. With artificial intelligence, fake voices, spoofed phone numbers, and convincing emails, today's scammers have more tools than ever to target retirees and steal hard-earned savings. Wade breaks down some of the most common scams affecting retirees and provides practical ways to protect yourself. For this week’s Kingdom Minute, Wade talks about how protecting yourself from scams is part of biblical stewardship. He cites passages from scripture to stress slowing down, avoiding get‑rich‑quick schemes, watching out for “wolves in sheep’s clothing,” and seeking wise counsel before making financial decisions. Here’s some of what we discuss in this episode: 📈 Investment Fraud: Crypto schemes and fake returns 🏛️ Government Impersonators: IRS, Medicare, and Social Security scams ❤️ Romance Scams: Emotional manipulation and financial theft 💻 Tech Support Fraud: Fake alerts and computer access tricks 🛡️ Protection Strategies: Slowing down and verifying everything   Get in touch with Chessman Wealth: https://www.chessmanwealth.com/ [https://www.chessmanwealth.com/]  The opinions voiced in The Money Knight podcast with Wade Chessman of Chessman Wealth Strategies are for general information only and are not intended to provide specific advice or recommendations for any individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing. Investment advisory services offered through CWM, LLC, an Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors.

You've Managed Your Own Money Successfully - Why Would You Need an Advisor Now?

📞✨ Get in touch with Chessman Wealth: https://www.chessmanwealth.com/ [https://www.chessmanwealth.com/]  You’ve spent decades saving, investing, and managing your money responsibly. So why would you suddenly need a financial advisor right before retirement? In this episode, Wade tackles that exact question from a listener who’s done well investing on their own but is hesitant to “turn everything over” to an advisor. In this week’s Kingdom Minute, Wade explores Jesus’ command to “render unto Caesar” and what it teaches us about stewardship, ownership, and where our ultimate trust belongs. Here’s some of what we discuss in this episode: 💰 Why accumulating wealth and living off wealth require different skill sets ⚠️ The costly retirement mistakes that are harder to recover from 🧾 Tax planning, Social Security, Medicare & RMD complexities 🤝 Why working with an advisor doesn’t mean losing control 🏌️ Wade’s golf analogy for how one bad financial decision can derail retirement Get in touch with Chessman Wealth: https://www.chessmanwealth.com/ [https://www.chessmanwealth.com/]  The opinions voiced in The Money Knight podcast with Wade Chessman of Chessman Wealth Strategies are for general information only and are not intended to provide specific advice or recommendations for any individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing. Investment advisory services offered through CWM, LLC, an Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors.