Imagine for a moment; you’re walking down the street minding your own business, and a disheveled-looking man approaches you. You know he’s about to ask you for some spare change, but in a daring moment, he surprises you by asking you for way more.

Maybe not a quarter million, but, let’s say, $20. The sheer boldness of such a question would take anyone by surprise.

I mean, we as a people are so used to the mental image (and, sadly, often real-life example) of someone begging on a street corner with a cup for their small change. Their ask is small; petty pocket change, the most likely form of money they’d have on them.

Though, in this day and age, you’re more likely to find someone who pays only with debit or is carrying larger bills on them instead of change, which is heavy and unwieldy.

So, we return to the point. If the man asks you for $20 in a bold attempt, what do you do?

Suppose you’re the kind of person who would say, “You know what? Yes, I do have it – here you go”. In that case, you should know that donating to someone in need or a charity on impulse might not be the best thing to do for you financially.

However, charitable giving is an important part of many retiree’s lives. It’s 100% achievable, too – if you plan ahead of time.

If you want to donate to your favorite organizations, or set aside money to give to the homeless people you see around where you live, give us a call at 513-563-PLAN (7526) or book online to discuss how we can make that happen. You’ll feel wonderful knowing what a difference you can make in the lives of others and know you’re not hurting yourself in the process.

Nikki Earley, CFP®