Welcome to Price Discovery: Money & Mindset!
This is Episode #6 and you’ll hear Host Jordan Rodriguez interview Dan Nigito, CEO of American Philanthropic Advisors and Author of The Power of Leveraging the Charitable Remainder Trust. Listen to the audio episode on Apple Podcasts, Spotify, YouTube, and your other favorite podcast spots – Follow and leave a 5-star review if you’re enjoying the show!
Episode Summary & Player
CRT Example Whitepaper
Show Notes
Learn more about Price Discovery: Money & Mindset
Price Discovery: Money & Mindset Episode #6: Charitable Remainder Trusts with Dan Nigito, American Philanthropic Advisors
How do you avoid becoming an accidental philanthropist? In this episode, Host Jordan Rodriguez interviews Dan Nigito, CEO of American Philanthropic Advisors and Author of The Power of Leveraging the Charitable Remainder Trust. He's been serving the financial services industry for 35 years and specializes in using Charitable Remainder Trusts (CRTs), life insurance, and family foundations to create strategies for wealth accumulation and preservation. Hear what accidental philanthropy is, how taxation affects wealth accumulation, how to use CRTs, whether you can use them at a young age, and how much to put in them. This episode covers everything from CRTs to taxes. Here’s a small sample of what you will hear in this episode:
What is accidental philanthropy?
How do taxes affect wealth accumulation?
What is charitable planning?
Does it have to be genuine?
Who needs to be at the table when discussing a Charitable Remainder Trust (CRT)?
What is a CRT?
Are CRTs only for the ultra rich?
What limits can you put on a CRT?
Connect with Dan at Nigito.com and on LinkedIn, and Jordan at WSWealthManagers.com.
Check out the episode and show notes below for much more detail.
Show Notes
Charitable Remainder Trusts with Dan Nigito, American Philanthropic Advisors
[0:16] Welcome to Price Discovery: Money & Mindset
[0:43] Connect with Dan at Nigito.com and on LinkedIn, and Jordan at WSWealthManagers.com
[1:51] What is accidental philanthropy?
[4:10] How do taxes affect wealth accumulation?
[7:05] What is charitable planning?
[12:35] Does it have to be genuine?
[14:32] Who needs to be at the table when discussing a Charitable Remainder Trust (CRT)?
[19:25] What is a CRT?
[22:35] What’s a scenario involving a CRT?
[27:32] How do you determine the IRS discount rate (Internal Revenue Service)?
[33:32] What limits can you put on a CRT?
[35:54] What can business owners do to alleviate concerns?
[41:04] Are CRTs only for the ultra rich?
[43:48] How can you make this an even sweeter deal?
[48:07] The Power of Leveraging the Charitable Remainder Trust
[48:19] Connect with Dan at Nigito.com and on LinkedIn, and Jordan at WSWealthManagers.com
[48:42] Subscribe to Price Discovery: Money & Mindset on your favorite podcast platform and YouTube, and learn more about Jordan at WSWealthManagers.com
[48:45] Price Discovery: Money & Mindset is brought to you by Wernick Spear Wealth Managers and Chagrin Valley Business Strategies. Opinions expressed by Jordan and guests are their own and do not represent investment advice, solicitation, or the like.
What is Price Discovery: Money & Mindset?
Wealth. Business. Personal finance. Each episode, hear thought leaders, business owners, and finance experts share their tales of successful entrepreneurship, innovative financial strategies, and the art of balancing wealth with personal fulfillment. Hosted by Jordan Rodriguez, CFP, CEPA, a seasoned expert in wealth management and business consulting. Presented by Chagrin Valley Business Strategies and Wernick Spear Wealth Managers.
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