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170: Giving Back in Retirement with Phil Cubeta

Today I’m talking with Phil Cubeta. Phil is the Assistant Professor of Philanthropy, CAP® Program Director, and Sallie B. and William B. Wallace Chair in Philanthropy at the American College of Financial Services, where he directs and teaches the Chartered Advisor in Philanthropy® program. 

Phil’s work has appeared in The New York Times, The Journal of Gift Planning, Lifestyles Magazine, Financial Planning, and the Financial Times. Prior to joining the American College, he served as Chief of Staff for The Nautilus Group, a subsidiary of New York Life Insurance Company that provides estate, business, and philanthropic strategies through 200 of the company’s top agents to affluent clients.

Today, Phil joins the podcast to talk about what philanthropy really is, the challenges and issues retirees face as they work to create a legacy, and how to create a plan that works from abundance instead of scarcity to help you support people, organizations, and communities close to your heart.

In this podcast interview, you’ll learn:

  • How Phil defines philanthropy, what giving really is, and what it can mean for your community. 
  • Why legacy becomes so urgent for so many people late in life – and how financial advisors sometimes let their clients down when it comes to giving.
  • Why some retirees are so hesitant to give – and how retirees can give organizations and communities they care about things other than money to make a difference.
  • How to research organizations before you make a gift and prevent your money from falling into a “black hole” and being poorly utilized.
  • How to maximize your tax benefits as you give charitable gifts.  
  • Why impact investing is emerging as a way to put your money to work while helping to build the world you want to live in. 
  • How to educate your heirs about your charitable legacy and keep it moving across generations.  

Inspiring Quote

  • “Philanthropy or charitable giving is about love, community, impact, and results.” – Philip Cubeta
  • “The word philanthropy comes from the Greek word for love.” – Philip Cubeta

Interview Resources

Disclosure

Offer valid in the 50 United States and the District of Columbia, to first-time requestors. During the offer period, receive one (1) in-stock book per request. Limit (1) book per week per household. Limit three (3) books total each calendar year, between January 1 and December 31. Offer valid while supplies last. Howard Bailey Financial, Inc. reserves the right to cancel, terminate or modify this offer at any time. Void where restricted or otherwise prohibited.

Read The Transcript