Yearly Archives: 2016

Carter Investment Conference

37th Annual Carter Investment Conference

Keynote Speaker Jeff Saut & Dr. Ray Perryman

Saturday, October 15th, 2016 9.am. – 3p.m.


Carter Investment Conference

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How Does Giving Fit into Your Financial Plan—Or Does It?

Quick Facts, Generosity & Philanthropy
American individuals, families and corporations are the most generous in the world.

  • The average annual household contribution is $2,974.
  • Americans gave $358.38 billion in 2014.
  • By the year 2055, some $41 trillion will change hands as Americans pass on their accumulated assets to the next generation.5
  • 98.4% of high net worth households give to charity and 63% of high net worth donors cite “giving back to the community” as a chief motivation for giving.
  • Last year, the greatest percentage of high net worth households gave to educational (85%) and basic needs (81%) organizations, followed by 70% to the arts, 67% to health related organizations, and 67% to religious organizations.

Source: National Philanthropic Trust

Giving. It is intensely personal.

Community service is a terrifically important part of our value system. Through the years, we have found that community service has led to deeper conversations with clients, especially those seeking how they may be able to give financially, and then how such giving fits into their financial plans. So how does one “do giving” so that it achieves maximum impact?



  • Start with Yes or No. Giving isn’t a “must-do” or “must-have” in a financial plan. For many, being philanthropic is intrinsic, natural and often part of their foundational philosophy; for others, it’s not. Neither is right or wrong. Decide on whether it’s important to you—and how important. If yes, the next step is to discovery.
  • Explore Personal Interests & Activities. Discovering how to give, what to give and to whom can be the most rewarding—and challenging—aspects of the philanthropic journey. Exploration involves these steps:
    • Review the past charitable behavior of your family.
    • Create a written document that outlines your 2015 giving practices, which include all types of giving, i.e., your time and/or talent, and financial resources.
    • Match these observations with your own priorities and interests, and see how they compare. If they don’t align, review your giving priorities and practices.
  • Build Your Giving Vision. With a vision comes clearer focus on what giving really means to you – and how it can be most impactful. Once the vision is defined, you have identified a clearer roadmap for your giving approach.
  • Build Your Giving Approach. Now you can establish the giving goals that fit your interests, commitments, budget and overall financial plan. Note that giving a larger gift to a single organization may suggest using appreciated assets instead of cash, or perhaps a donor-advised fund. There are many wealth management strategies that can be evaluated.

This process for giving, ultimately, is much like planning for retirement or college funding. It is best performed through personal reflection and professional analysis.

Ultimately, we believe you will experience what so many of us at Carter Financial Management have: that giving—be it time, talent or treasure—will yield intangible returns for a lifetime. For all involved.

This information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate of complete. Any opinions are those of Carter Financial Management, Inc. and not necessarily those of Raymond James.

2016 Annual Shred Day

Annual Shred Day 2016
Saturday, April 16
8:30-11:30 a.m.

This is a complimentary service for you to safely dispose of your no longer needed documents.

Drive through our parking garage on Clodus Fields Drive

The following information is meant to serve as a guide for determining which documents are appropriate to retain and those that may safely be destroyed:

  • Tax Return – Keep seven years. The IRS has up to three years to audit your filed returns; they may go back six years in suspected fraudulent cases.
  • Paycheck Stubs – Keep one year. Once you receive your annual W-2, ensure it matches up with your information and then shred your stubs. Keep the W-2 with your filed tax return.
  • IRA Contributions – Keep permanently.
  • Bank Records – Keep at least one year.
  • Brokerage Statements – Keep at least one year. Keep your annual statements until you sell the securities. Keep all sale and purchase confirmations that will not be reflected on your statements for the specific tax year.
  • Retirement Savings Plan Statements – Keep annual summaries until you retire or close the account.
  • Bills – Keep one year. However, for larger purchases (jewelry, cars, computers), bills should be kept in your insurance file for proof of their value.
  • House Records – Keep six years or permanently. All records documenting the purchase price and the cost of permanent improvements should be kept as long as you own the property. All records of expenses related to buying and selling the property should be kept for at least six years after the final sale.
  • Credit Card Receipts/Statements – Keep for a month or until they have been reconciled. Keep receipts until the monthly statement arrives. Shred the receipts if the two match up. Keep the statements if tax-related expenses are documented. Otherwise, shred the statement.
  • Insurance & Estate Planning Documentation – Keep while in force or effective.

This list may not be a complete description of the documents available for shredding or their retention requirements.