Two men went fishing at a nearby pond. They brought poles, bait, and supplies to cook their catch over a fire. The first fisherman quickly caught a big, beautiful fish, but the second man went hours without a single bite. Finally, his bobber disappeared. He reeled in a huge fish… but immediately threw it back.
Bewildered, his friend asked, “Why did you let him go?” The second fisherman replied, “He was nice, but I didn’t bring a pan large enough to cook him!”
It seems silly, but many of us live like the second fisherman – so fixated on a particular outcome or limitation we miss obvious opportunities right in front of us. We want to make a big, generous impact in the world, but we don’t think we have the financial means to do it.
In most instances “cash is king,” but when it comes to charitable giving, retirement assets are an often-overlooked “honey hole,” swimming with opportunity just waiting to be caught. Some experts have even called qualified retirement plans “the most significant, yet underutilized category” of all giving options.