Jack Reynolds started his bucket list late in life, attacking it with gusto and Guinness World Records. He became the oldest man to get his first tattoo (his name and birthdate) at age 104. Then, at 105, the oldest to ride a roller coaster; at 106, the oldest to ride a zip line; and at 107, the oldest to perform as a guest star on a TV show.
There was more to it than just the rush of excitement and thrill-seeking. Jack used the publicity around each event to raise money for a cause close to his heart, making an impact in the here and now.
Maybe generosity is a “someday” item on your bucket list. But there’s no need to wait. Your retirement assets are a great way to jump in and start giving now (no tattoos, roller coasters, or zip lines required!). Here’s how you can use those resources as a tool to meet needs:
Give your time. Your time is a key retirement asset. Consider giving out of that abundance as a volunteer with an organization you love. Investing your time and service pays lasting dividends in lives impacted and allows valuable resources to be allocated where they’re most needed.
Share your earnings. It’s common to carefully protect retirement earnings to ensure they last as long as they’re needed. What if you used yours now to serve others while also saving on your tax bill? When you make a Qualified Charitable Distribution (QCD) from your Individual Retirement Account (IRA) to a charity, your retirement assets can change lives. When you do, you get the bonus of seeing your gift at work and stewarding your assets wisely—opening up more opportunities for generosity.
Jesus says in John 13:35, “By this everyone will know that you are my disciples, if you love one another.” What’s one way we can demonstrate God’s love towards us? By loving others, our most vulnerable neighbors, in our retirement years. Don’t wait until “someday” to give. You have an incredible opportunity here and now.
Disclaimer: Providence Network has not provided you with any investment, financial, legal, or tax advice. Instead, we have advised you to consult with your own legal and financial advisors and tax experts. We are not responsible for any decisions or actions taken in reliance upon or as a result of the content made available on this website or social media channels.
Links: Links to third party sites are provided as examples of commonly known resources for information purposes only. Providence Network does not endorse any third-party products or content that may be available through the links to any third-party websites.
