Life Stage Planner
At various stages of our lives, we all deal with different issues, financial and otherwise. These stages of life need to be taken into account when planning your gift to the UW Foundation.
The Life Stage Gift Planner will help guide you through the financial strategies and possible charitable solutions to the taxing problems you may be facing.
| Under Age 60 |
- Accumulating and preserving wealth
- Managing debt
- Prudent asset management
- Discretionary savings programs
- Long-range planning for retirement and emergencies
- Diversifying investments and establishing a growth strategy
- Creating a simple will and estate plan — providing for heirs and bequests to charity
- Increasing income; increasing debt
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| Age 60-70 |
- More serious estate and wealth-transfer planning
- Understanding the transfer-tax system
- Learning about wealth-transfer techniques
- Active financial planning
- Increasing cash flow – charitable gift planning helps minimize taxes
- Shifting to income-producing assets
- Assisting children with debt through annual gifts
- Assisting grandchildren with education expenses
- Concern with the financial future of the next generations
- Utilizing trusts and wealth-transfer strategies to achieve goals
- Taking advantage of charitable trust issues to optimize family wealth transfers and maximize tax benefits
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| Over Age 70 |
- Maintaining financial stability
- Anticipating health care needs and insurance coverage
- Concern about the financial future of younger members of the family
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