It has been my experience that life is 10% what happens to us and 90% how we react to it. In other words, we can’t control what life throws at us, but we can control how we respond. We are in charge of our attitude. Those individuals who have a positive attitude are much easier to love, honor and respect. I want to be the person who sees the “glass that is half full, not half empty.”
I know in my life, when I begin each day with a grateful heart, the events of the day seem to go better. One of the ways I express my gratitude is through serving others. Not only does it help the greater good of the community in which I’m serving, but I have found that volunteering is also a guaranteed path for greater joy in life. In fact, there is even a website to help you discover the right volunteer opportunities available for you: VolunteerMatch.org. One of the not-for-profits that we serve pointed me to this resource. I encourage you to login and check it out. You can search opportunities by cause, interest, location or keyword. Another similar website is JustServe.org.
The joy that comes from serving others is real, enriching and lasting. I would enjoy hearing from you about your volunteer activities and the benefits of putting others before yourself. You can reach me at: email@example.com.
During the holidays and throughout the year, many want to help others in need. Because of the Arizona Charitable Tax Credit, you can donate up to $800 to certain qualified charities and get it right back on your Arizona tax return.
How does it work? You can make a donation to the following: Qualified Charitable Organization, Arizona Military Family Relief Fund, Qualified Foster Care Charitable Organization, Public and Private Schools and School Tuition Organization.
When you file your Arizona taxes, you can claim a dollar-for-dollar Arizona Charitable Tax Credit that will either reduce your tax liability or increase your refund.
Click here for a list of qualified places you can give to for a tax credit.
If you would like to discuss the Arizona Charitable Tax Credit, please give us a call.
Rebecca “Becca” Sponcil is a native of Arizona and graduate of Veritas Preparatory Academy. Becca received her Bachelor of Science in Accounting and Masters of Accounting from Regis University. While at Regis she was involved with National Society of Collegiate Scholars and received the Presidential Academic Scholarship and Athletic Scholarship. Becca also participated with Fellowship of Christian Athletes, Student Athletic Advisory Committee and volunteered with Volunteer Income Tax Assistance. She was a member of the university’s Division II Volleyball team from the Fall of 2011 to the Spring of 2016, where she was captain for the 2014 and 2015 seasons.
Becca worked as an Audit Associate at Eide Bailly, LLP in Denver, Colorado before returning to Arizona in 2017. She enjoys mountain climbing, coaching high school girls’ Volleyball and spending time with her family.
Please welcome Becca to our team as she supports our Operations Department as a Client Service Administrator.
The future for Rowland Carmichael and our clients is enhanced by an expansion of the firm’s ownership.
David Carmichael and Tim Rowland are proud to announce that Corey Bird and Jaron Carmichael have become principals and co-owners of Rowland Carmichael Advisors.
Bringing Corey and Jaron into ownership provides a long-term strategic plan that seeks to meet three essential objectives:
- perpetuating the firm’s culture and values into the next generation;
- preserving Rowland Carmichael’s independence; and
- providing our clients with ongoing financial guidance and management of their investment assets.
Just as our clients have a long-term outlook, Rowland Carmichael continues to structure our firm to ensure that our philosophy will continue to build family wealth and financial independence for our clients, their children, and future generations.
We hope you share our enthusiasm for these positive changes as we position our firm to meet your needs long term.
The feedback received from clients participating in our “Financial Vision” process confirms that goal-setting is very important.
By Tim Rowland
The company which publishes our financial planning software, MoneyGuidePro, recently shared an interesting and, I believe, profound observation: When a financial advisor sets goals for a client, the average number of goals established is 2.5. In contrast, when clients enter goals for themselves, the average number jumps to 7.5.
Why the big difference? MoneyGuidePro didn’t offer an explanation, but my experience suggests that planners tend to focus heavily on the big picture and on funding retirement, while clients are more attuned to their specific needs, wants and wishes.
Consistent with Rowland Carmichael’s core value of “putting the client first,” I appreciate the enormous benefits of looking at goal setting from our clients’ unique point of view. So to the question “How important are goals?” I would suggest this answer: “Very important!”
The goal-setting challenge is to spend time in conversation with our clients about their dreams and their concerns. To that end, we have been coaching some clients through a Financial Vision process, and the feedback has been very encouraging.
The process involves three steps:
- Telling us your story. A common question from clients is, “Where do we begin?” Our answer: “Wherever you would like.” It has been amazing for us to learn so much more about our clients, even those who have been with us for more than twenty years. Why is this helpful to you and to us? Frankly, we are products of our history – particularly what is often called our money history. This history helps our clients understand why they act the way they do when facing money issues.
- Telling us what you want. The next question we ask is, “What would you like to accomplish that requires planning, money and time?” The conversation helps bring focus to financial priorities, often encompassing travel, volunteering, health, part-time work, spiritual growth, career, friends, family, and many other aspects of your life.
- Creating your Financial Vision. Through the Financial Vision process, together we identify your goals, prioritize them, and develop written plans to accomplish your goals within a reasonable time frame. The most effective vision documents, which we can help you draft and track, link the emotions associated with an accomplished goal – such as how proud and happy you will be when, after helping to fund a grandchild’s college education, you are able to attend and celebrate his or her graduation.
As Rowland Carmichael continues to implement our “goals-based” client experience, we invite you to explore the possibilities and benefits that a goal-setting discussion with your wealth manager could offer to you and your family.