Paul Schott of Gateway Financial Partners

09/30/2025

A charitable remainder trust (CRT) or charitable lead trust (CLT) is a legal arrangement that outlines how assets are managed, distributed, and directed toward charitable causes over time.

CRT: Distributes income to non-charitable beneficiaries for a set period, with the remaining assets directed to a charitable organization.

CLT: Distributes income to a charitable organization for a set period, with the remaining assets directed to non-charitable beneficiaries.

These structures can be part of a broader conversation on estate planning and charitable giving.

Looking to better understand your estate planning options? Let’s set up a time to talk.

203.350.0180
[email protected]

09/19/2025

Leaving your memorial preferences in writing can help reduce uncertainty for loved ones.

Consider noting:

1. Type of service or gathering you prefer

2. Location or venue

3. Religious or cultural customs to include

4. Readings, music, or speakers

5. Burial, cremation, or other arrangements

These details can be included in a letter of instruction or shared with family members and your executor.

09/18/2025

Saving doesn’t have to feel like a sacrifice.

These 13 approachable strategies—from automation to employer matching—offer ideas to help you stay intentional with your money this year and beyond.

https://www.forbes.com/sites/truetamplin/2025/01/02/13-easy-ways-to-boost-your-savings-in-2025-and-beyond/

Growing your savings need not be hard. Discover 13 easy and actionable strategies that can help boost your savings for better financial health in 2025 and beyond.

09/12/2025

Private foundation or donor-advised fund?

Both offer structured ways to give to charity, but they differ in cost, control, and administrative requirements.

Understanding the differences can help align your giving with your goals.

09/08/2025

Certain giving strategies can support charities while preserving your retirement cash flow.

Options to explore may include:

• Qualified charitable distributions (QCDs) from IRAs after age 70½
• Gifting appreciated securities to avoid capital gains taxes
• Setting up charitable remainder trusts for lifetime income

Understanding the mechanics can help you give more effectively.

09/01/2025

If you couldn’t speak for yourself, who would make medical decisions for you?

A healthcare proxy allows you to name a trusted person to act on your behalf and outline your treatment preferences in advance. It’s an important piece of a complete estate plan.

08/27/2025

RMDs don’t just show up in your 70s—they should show up in your planning long before that.

Required Minimum Distributions begin at age 73 and can significantly impact your taxable income. They can also push you into a higher tax bracket or affect your Medicare premiums if you’re not prepared.

Planning a proactive withdrawal strategy in your early 60s can help stay ahead of surprises.

08/21/2025

Financial independence looks different for everyone—but the mindset behind it matters.

This read offers four practical perspectives to help you define what freedom means in your financial life.

https://www.forbes.com/sites/juancarlosmedina/2024/07/03/4-ways-to-think-about-your-financial-independence-this-4th-of-july/

Financial independence is much more than just leaving your job and stopping work. It's about planning, transitioning, and making lifestyle changes that matter most to you

08/20/2025

Thinking about selling your business in the next 5 years?

Start by asking these questions:

1. What is my business really worth?

2. How will the sale impact my taxes?

3. What do I want my role to be after the sale?

4. Is my retirement income strategy aligned?

5. Do I have the right team supporting me?

08/12/2025

If you're planning a Roth IRA conversion, consider years when your income is lower to potentially reduce your tax burden.

Interested in learning more about if a Roth conversion fits with your financial goals? I'd be happy to help!

203.350.0180
[email protected]