Managing Anxiety Through Charitable Giving
By John Halterman
How are you holding up?
I have spoken with many, many clients, friends and experts over these past several weeks. Many of them have shared that that they are feeling some level of anxiety regarding the COVID-19 outbreak. And that's okay. We're living in a time when feeling helpless is understandable. Ultimately, what matters is how we choose to respond.
One of the ways I try to mitigate anxiety is by helping others. Since so many of
us are sheltering in place right now, I want to share an alternative to
volunteering that can still impact your community. Giving financial support to those in difficult situations can make a huge difference during a time of national crisis.
So, with so much need, where should you start? Numerous online resources can guide your giving. For example, CharityNavigator.org provides an overview on various philanthropic organizations, rates them, and makes it simple to donate to your chosen charity.
From the CDC Foundation to the Red Cross and beyond, many organizations could use your support. Keep in mind, the Internal Revenue Service has specific rules and guidelines for tax deductions on charitable contributions. Please consult with your tax professional if you need advice on the rules.
As always, I'm paying close attention to news and upcoming reports. If I read anything that changes my overall outlook for the economy or the financial markets, I'll be in touch.
In the meantime, be kind to yourself and let me know if I can help in any way.
John Halterman, best-selling author and nationally published blogger, has been featured as a financial guest expert on the shows of self-help gurus Brian Tracy and Jack Canfield, author of Chicken Soup for the Soul, and has appeared on ABC, FOX, BRAVO, NBC, CBS, and A&E. John is the expert host of the weekly WDTV News 5 segment “Solutions 4 Financial Independence.”
As an authority on wealth management, he has been invited by hundreds of institutions such as universities, federal agencies, professional associations, and large energy and utility corporations to be a guest speaker and educational event host. Event topics include retiring ready, managing down market investment risk, how to reduce your tax burden, and transferring your family wealth in the most tax advantageous way.
John is the founder and owner of Beacon Wealth Management, specializing in helping entrepreneurs, professional practitioners, and retirees overcome the 5 major challenges facing successful families. He is a warm communicator with a passion for helping people transform their financial futures. John understands the multifaceted set of financial worries people face as they become more successful and enter the Retirement Red Zone. He empathizes personally with each client and delivers a collaborative client experience that empowers people to reach their life goals.
With more than two decades of experience, John’s professional credentials include Certified Wealth Strategist, Accredited Investment Fiduciary, Certified Estate Planner, Chartered Federal Employee Benefits Consultant, Professional Plan Consultant, and Registered Financial Consultant. He is also a past member of Ed Slott’s Master Elite IRA Study Group.
A native of Weston, West Virginia, John served in the United States Air Force prior to becoming a wealth advisor. Today, he resides with his family in Clarksburg, West Virginia. He and his wife, Lisa, have been married since 2005 and have three amazing children. A family-oriented man, he enjoys giving back to his community, coaching youth sports, landscaping, architectural design, and playing racquetball.