To make Wealthtender free for readers, we earn money from advertisers, including financial professionals and firms that pay to be featured. This creates a conflict of interest when we favor their promotion over others. Read our editorial policy and terms of service to learn more. Wealthtender is not a client of these financial services providers.
➡️ Find a Local Advisor | 🎯 Find a Specialist Advisor
Are you a Catholic interested in finding a financial advisor who shares your religious values? If so, you may want to consider working with a Catholic financial advisor who specializes in building financial plans with a faith-based approach.
While you may meet a financial advisor at your church who serves other members of your congregation, they may not specialize in applying a Catholic faith-based approach to investments and financial planning. Looking beyond your own church and community to find a Catholic financial advisor, you’ll be more likely to discover an advisor who not only shares your beliefs and values but also applies a faith-based approach tailored to your unique circumstances.
In fact, you may decide that working with a Catholic financial advisor online via Zoom meetings can be a great alternative to meeting in person, especially if you’re looking for more time to put back in your day.
Let’s learn more about the benefits of working with a Catholic financial advisor to help you find the best advisor for your individual needs and preferences.
⛪ Smart Money Insights for Catholics
This page is organized into sections to help you quickly find the information you need and get answers to your questions:
- Q&A with Catholic Financial Advisors
- Get Answers to Your Questions Working with a Catholic Financial Advisor
- Browse Related Articles
– Catholic Financial Advisors –
Two Questions with Deb Meyer
We asked Fort Myers, Florida-area financial advisor, and lifelong Catholic Deb Meyer to answer questions asked by fellow Catholics interested in learning how they can combine their faith and finances.
Q: As a devout Catholic, I’m interested in setting aside a portion of my estate as a gift to the church, but unsure the smartest approach. How can a Catholic financial advisor help me ensure more of my gift reaches the Church (versus taxes beyond an appropriate level)?
Deb: Great question! Including your local parish in estate planning documents is a great way to leave a legacy that will benefit the Catholic Church for years to come.
One practical way is to leave a specific charitable bequest within the estate documents (either a revocable trust or will) that your estate planning attorney prepares. You can specify a dollar amount or percentage of overall assets.
Alternatively, if you don’t want to involve an attorney, update the beneficiary designation on your traditional IRA or Rollover IRA account to represent the desired percentage of the IRA balance that you wish to leave to the church. Although this strategy is tax-efficient, one downside is the fluctuation of the IRA balance over time — especially if the IRA is your primary source of income during retirement alongside Social Security benefits.
Get to Know Deb:
View Deb’s profile page on Wealthtender or visit her website to learn more.
In both instances, it is important to work with a financial planner who understands your family values and one who will point out the potential pitfalls before any beneficiaries or estate documents are changed. The advisor can also explain ways to benefit the Catholic Church and other charitable organizations during your lifetime.
Q: As a Catholic, what are the potential benefits of hiring a financial advisor who shares my faith and specializes in serving Catholics?
Deb: Working with a Catholic financial advisor ensures that you share core values and beliefs. I cannot stress how important this is when it comes to your stewardship journey. Faith-agnostic advisors are more concerned with your financial net worth and propensity to save without taking generosity or your God-given talents into consideration.
As Catholics, we make different choices about money that oppose societal norms. It takes courage to go against the grain, and a Catholic financial advisor is there to not only support but also guide you.
🙋♀️ Have Questions About Working with a Catholic Financial Advisor?
📰 Browse Related Articles
Are you ready to enjoy life more with less money stress?
Sign up to receive weekly insights from Wealthtender with useful money tips and fresh ideas to help you achieve your financial goals.
About the Author
Brian Thorp
Founder and CEO, Wealthtender
Brian and his wife live in Texas, enjoying the diversity of Houston and the vibrancy of Austin.
With over 25 years in the financial services industry, Brian is applying his experience and passion at Wealthtender to help more people enjoy life with less money stress.
To make Wealthtender free for readers, we earn money from advertisers, including financial professionals and firms that pay to be featured. This creates a conflict of interest when we favor their promotion over others. Read our editorial policy and terms of service to learn more. Wealthtender is not a client of these financial services providers.
➡️ Find a Local Advisor | 🎯 Find a Specialist Advisor