Preserving his passion, protecting his future.
Dr. Harrison's primary concern is leveraging his existing assets to significantly increase his charitable contributions post-retirement without diminishing his family's inheritance. His current estate plan, including an outdated trust, doesn't adequately address his philanthropic desires or efficiently manage potential income streams from investments.
Using the Rental Property Calculator, we assessed a commercial property near his former practice. We projected a net positive cash flow of $45,000 annually, allowing Dr. Harrison to donate $25,000 per year to his favorite animal shelter while also increasing the value of his estate to be passed to his children. The Times-Interest-Earned ratio helped determine that this was a safe debt ratio for him, and the Debt-to-Asset Ratio helped ensure the purchase would not overextend his financial position.
We inputted property value, rental income, operating expenses, and financing terms into the Rental Property Calculator. We then used the Times-Interest-Earned Ratio Calculator and Debt-to-Asset Ratio Calculator to confirm the investment's viability within Dr. Harrison's risk tolerance and overall financial picture.
$500,000 in projected charitable donations over 20 years, along with a projected 8% increase in Dr. Harrison's estate value.
Selling your business is a marathon, not a sprint. Ensure your final marketing push maximizes buyer interest without breaking the bank by strategically using GRP. This calculator helps you optimize your advertising spend during this critical period.
Discover how a seasoned tech executive leveraged his knowledge and a passion project into a lucrative YouTube channel, significantly boosting his retirement fund. This case study reveals how he used data-driven insights to maximize his YouTube earnings.
Discover how strategic time management and a thriving freelance side hustle powered by the Billable Hours Calculator allowed the Millers to significantly boost their college savings fund and secure their children's future. This tool helped them transform evenings and weekends into a valuable income stream.
Learn how to maximize your inherited IRA's growth and income with our Holding Period Return Calculator. Discover strategies to evaluate investment performance and make informed decisions for long-term financial security.
