Minneapolis – On August 18, Forecast grantees heard presentations designed to help them plan effectively and make the most of their work as artists.

  • Beth Franklin from Fox Tax walked grantees through key tax considerations for artists, from the designation of art as hobby versus business to profits and deductions, record keeping and LLC status.  Check out Fox Tax’s Tax Organizers and Worksheets.
  • Dan Schlesinger, Financial Advisor for RBC Wealth Management’s Schlesinger Investment Group, helped grantees take a long-view, going over the basics of retirement planning, IRA accounts and calculating net worth, as well as highlighting the key retirement question, “Do I have the ability to retire and sustain my lifestyle?” Check out mint.com for free budgeting software.

 

Our speakers shared a range of important details, tips, and resources, but their advice had one important take-away in common: Take the time to plan now and avoid headaches in the future!

This learning opportunity was organized as part of Forecast Public Art’s Artist Services program and made possible by The McKnight Foundation and Jerome Foundation.