You may be an involuntary philanthropist…
In 2023, approximately 75.8 million Americans spent nearly 5 billion hours volunteering. The value of those efforts comes to a whopping $167 billion dollars, not counting the change, comfort, or compassion volunteers bring to our communities and beyond.
Volunteers change the lives of those around them. Being a volunteer is definitely something everyone should consider.
The experience is life-changing.
However, it should be voluntary.
Webster’s says that a philanthropist is a benevolent supporter of human beings and human welfare. When you hear the word philanthropy, you may think of names like Carnegie, Kennedy, Rockefeller, and contemporary mega-wealthy people like Bill Gates.
Such people are voluntary philanthropists.
What do you call someone who surrenders a portion of their capital gains unnecessarily?
How about someone who unnecessarily surrenders a huge portion of their retirement monies to support the general welfare of our country?
An uninformed taxpayer!
We call them an involuntary philanthropist.
Are you aware that you have a choice?
We’re happy to show you how to opt out.
Retire Abundantly Quote
"The Stock Market is designed to transfer money from the Active to the Patient."
–Warren Buffett
