Brian L. Kasal

About Brian L Kasal

Brian Lance Kasal is the founder and CEO of FourStar Wealth.

Committed to philanthropy, Brian Kasal is a member of the International Association of Advisors in Philanthropy, a network that supports advisors in philanthropic planning.

Brian L. Kasal is a life member of the National Eagle Scout Association and holds responsibilities as Finance Impact Chairman of the Boy Scouts of America’s Central Region, and a member of the National Finance Impact Committee of the Boy Scouts National Council Operation. A longtime member of the Hyde Park Angels, he also participates in early-stage investments in diverse enterprises with significant growth potential.

Brian Kasal earned his bachelor’s degree in economics at Northern Illinois University and subsequently completed an MBA at the University of Chicago’s Graduate School of Business. Prior to FourStar Wealth Advisors, he served as Senior Vice President at Morgan Stanley, and before that he served as principal and portfolio manager with William Blair and Company for 16 years. In this capacity he met the diverse needs of a global clientele of individual clients, funds, and institutions.

Assets As Gifts to the Boy Scouts of America

As a trustee of the Boy Scouts of America's (BSA) National Foundation Advisory Committee, Brian L. Kasal collaborates with Scouting leaders to make informed fundraising decisions. A lifelong Scout, Brian L. Kasal leads as a member of the Central Region Board of Directors as well.

For those who wish to make a long-term impact on the BSA, planned giving of assets can be a mutually beneficial solution. For example, holders of stocks, bonds, or other securities can donate these products to Scouting and receive a tax deduction as well as relief from capital gains obligations. These assets then go toward supporting key BSA programs. Donations of real estate can have a similar impact.

Many people also choose to leave retirement assets to the BSA, as these assets may be subject to tax if heirs receive them. As a nonprofit organization, the BSA can receive retirement plan benefits without tax obligations. Likewise, gifts of life insurance payouts provide the BSA with tax-free income after the owner of such benefits passes away. During the owner's lifetime, he or she remains in control of the product and may receive any applicable benefits. Finally, gifts of cash also provide tax benefits to the contributor and go to the mission of the BSA immediately at the time of donation.

Retirement Planning Lowers Inflationary Risks Faced By Retired Seniors

Brian L. Kasal is the founder and CEO of FourStar Wealth Advisors, LLC, a national investment advisory firm in Chicago that helps clients establish individualized financial strategies. Brian L. Kasal and his firm offer a full range of additional financial services, including retirement planning.

Procedures for retirement planning at FourStar include a review of the client’s lifestyle to determine retirement goals, an assessment of potential retirement incomes, and an examination of social security, pension, and health-care factors. Advisors make a point to evaluate inflationary risks while addressing a client’s retirement income, as severe inflation can result in a rise of prices that put life essentials outside a retiree’s ability to afford.

In May 2014, the Senior Citizens League released the results of an annual survey regarding senior costs, which found that expenses for seniors have increased more than twice as fast as the Social Security Cost of Living Adjustment (COLA). Social Security COLA is intended to ensure that inflation does not erode the purchasing power of social and supplemental security income benefits by increasing Social Security benefits after annual market reviews.

According to the league’s Annual Survey of Senior Costs, seniors have lost nearly one-third of buying power since 2000. While average senior expenses have risen by 84 percent, Social Security COLA has only increased benefits by 41 percent. In the last four years, the average Social Security benefits for seniors rose from $816 to $1,146 per month. However, current inflation costs require a benefit amount of $1,500 to maintain the same purchasing power seniors possessed in 2000.

Although inflation has been at a historic low in recent years, the cost of living for seniors continues to rise, making it highly beneficial for people to formulate reliable retirement plans as early as possible. Financial advisory firms, such as Brian Kasal’s FourStar Wealth Advisors, help clients weigh the risks of inflation and take steps to overcome those risks.

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