Financial planning isn’t only about wealth growth and security; it’s also about making meaningful contributions to causes that matter. For those interested in giving back, Synchrony Charitable Financial Planning offers a way to align financial goals with philanthropic intentions. This guide explores how Synchrony’s charitable planning services help individuals and families make a lasting impact while maintaining financial well-being.

What is Synchrony Charitable Financial Planning?

Synchrony Charitable Financial Planning is a service designed to help clients incorporate charitable giving into their broader financial strategy. By understanding both short-term and long-term goals, Synchrony advisors work with clients to identify personalized ways to give to causes they care about. The service is particularly beneficial for individuals and families looking to maximize their impact while taking advantage of potential tax benefits.

Benefits of Synchrony Charitable Financial Planning

1. Personalized Giving Strategies: Synchrony advisors assess each client’s financial landscape and charitable goals. By customizing a plan that aligns with these objectives, clients can maximize both the impact of their donations and the benefits to their overall financial portfolio.
2. Tax Benefits: Charitable giving can offer significant tax advantages. Synchrony advisors help clients identify tax-efficient strategies, such as donating appreciated assets or setting up charitable trusts, to reduce tax liabilities while supporting causes they’re passionate about.
3. Legacy Planning: For those interested in leaving a lasting legacy, Synchrony can help set up charitable trusts, donor-advised funds, or family foundations. These options ensure that a client’s contributions continue to make an impact beyond their lifetime.
4. Financial Security: Synchrony ensures that charitable planning doesn’t compromise financial health. By integrating giving into a client’s financial plan, advisors help maintain balance, so clients can give confidently without sacrificing their own financial security.

Key Charitable Giving Strategies with Synchrony

1. Donor-Advised Funds (DAFs): DAFs are one of the most flexible and tax-efficient ways to manage charitable giving. Through Synchrony, clients can contribute assets to a DAF, receive an immediate tax deduction, and then recommend grants to charities over time, allowing for thoughtful, ongoing giving.
2. Charitable Remainder Trusts (CRTs): CRTs allow clients to donate assets while also receiving an income stream. The assets are held in trust and, after a specified period, the remaining balance goes to charity. This option provides tax advantages while supporting the client’s financial needs.
3. Charitable Gift Annuities: This option allows clients to make a large donation to a chosen charity while receiving fixed income payments. It’s an effective way to support a cause while securing additional retirement income.
4. Direct Donations of Appreciated Assets: By donating appreciated assets like stocks, clients can avoid capital gains taxes while receiving a charitable deduction. This option is both tax-efficient and impactful for the receiving charity.

The Synchrony Charitable Financial Planning Process

Synchrony’s charitable financial planning process is straightforward and supportive. Here’s how it works:

1. Initial Consultation: Clients meet with Synchrony advisors to discuss their financial situation, charitable interests, and long-term goals.
2. Creating a Charitable Plan: Advisors design a tailored charitable plan that aligns with both giving goals and financial security needs. This plan may include recommendations for donor-advised funds, trusts, or direct donations.
3. Implementing the Strategy: Once the plan is in place, advisors help clients set up any necessary accounts, trusts, or donation structures, ensuring everything is managed efficiently.
4. Ongoing Support and Adjustments: Synchrony provides ongoing support and reviews the plan periodically to adapt to changes in financial situations or philanthropic priorities.

Why Choose Synchrony Charitable Financial Planning?

1. Expert Guidance: Synchrony’s team has experience in both financial planning and philanthropy, providing clients with a comprehensive approach to charitable giving.
2. Custom Solutions: Synchrony understands that each client’s charitable goals are unique. With custom solutions, clients can pursue the causes they’re most passionate about.
3. Commitment to Impact: Synchrony is dedicated to helping clients make a difference. By aligning financial strategies with charitable goals, Synchrony ensures that giving is both impactful and financially beneficial.
4. Long-Term Focus: Synchrony’s approach considers clients’ legacy and future, ensuring that charitable planning aligns with long-term wealth goals and estate planning.

Conclusion

Synchrony Charitable Financial Planning is about more than financial gains—it’s about creating lasting impact and supporting the causes that matter. By offering personalized giving strategies, potential tax benefits, and expert guidance, Synchrony helps clients achieve their charitable goals without compromising financial security. Whether through donor-advised funds, charitable trusts, or direct donations, Synchrony’s approach empowers clients to give effectively and meaningfully. Start your journey with Synchrony and make a difference that aligns with both your heart and your financial plan.

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