{"id":758,"date":"2017-04-10T20:00:00","date_gmt":"2017-04-10T20:00:00","guid":{"rendered":"https:\/\/www.rbcwealthmanagement.com\/en-us\/community\/insights\/twin-cities-financial-advisor-volunteers-with-local-nonprofit-to-help-people-find-financial-stability\/"},"modified":"2024-06-17T11:39:15","modified_gmt":"2024-06-17T15:39:15","slug":"twin-cities-financial-advisor-volunteers-with-local-nonprofit-to-help-people-find-financial-stability","status":"publish","type":"rbcwm_community","link":"https:\/\/www.rbcwealthmanagement.com\/en-us\/community\/insights\/twin-cities-financial-advisor-volunteers-with-local-nonprofit-to-help-people-find-financial-stability","title":{"rendered":"Financial advisor volunteers with Twin Cities nonprofit to help people find financial stability"},"content":{"rendered":"\n<p>Tax season can be stressful for anyone.<\/p>\n\n\n\n<p>But for people with lower incomes it can be especially difficult, due to increasingly expensive tax preparation fees.<\/p>\n\n\n\n<p><span><a href=\"http:\/\/prepareandprosper.org\/\" target=\"_blank\" rel=\"noopener\">Prepare + Prosper <\/a><\/span>&nbsp;(P+P), a St. Paul, Minn.-based nonprofit, is trying to help. The organization promotes financial well-being for low- to moderate-income earners through free tax preparation and other financial services, including financial coaching and access to financial products.<\/p>\n\n\n\n<p>P+P is supported by volunteers like Scott Schachtman, a financial advisor in the RBC Wealth Management\u2013U.S. Edina, Minn. office, who has served as a financial advocate with the nonprofit for nearly 10 years. In that role, Schachtman has worked with P+P customers to go over their financial situation with a focus on finding ways for them to save some of their tax refund.<\/p>\n\n\n\n<p>\u201cThese are great people working hard, trying to get ahead,\u201d Schachtman says. \u201cPrepare + Prosper helps them get on the right track.\u201d<\/p>\n\n\n\n<div class=\"row\">\n<div class=\"col-lg-10 col-md-12 col-sm-10 col-xs-12\"><\/div><\/div>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.rbcwealthmanagement.com\/en-us\/wp-content\/uploads\/sites\/7\/2021\/11\/rbc-wealth-management-financial-advisor-scott-schachtman-in-page.jpg\" alt=\"rbc wealth management financial advisor scott schachtman\" class=\"wp-image-759\" width=\"608\" height=\"518\" srcset=\"https:\/\/www.rbcwealthmanagement.com\/en-us\/wp-content\/uploads\/sites\/7\/2021\/11\/rbc-wealth-management-financial-advisor-scott-schachtman-in-page.jpg 608w, https:\/\/www.rbcwealthmanagement.com\/en-us\/wp-content\/uploads\/sites\/7\/2021\/11\/rbc-wealth-management-financial-advisor-scott-schachtman-in-page.jpg?resize=300,256 300w\" sizes=\"auto, (max-width: 608px) 100vw, 608px\" \/><\/figure>\n\n\n\n<p>RBC Wealth Management financial advisor Scott Schachtman.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-left\" id=\"h-from-getting-by-to-getting-ahead\">From \u2018getting by\u2019 to \u2018getting ahead\u2019<\/h2>\n\n\n\n<p>When P+P was founded in 1971, it initially offered free accounting services to small business owners. But as the nonprofit evolved, it started offering individual tax preparation for people with low- and moderate-incomes, as well as the other financial services it offers today. The nonprofit\u2019s goal in everything it does is to help move individuals and families from \u201cgetting by\u201d to \u201cgetting ahead,\u201d says Tracy Fischman, P+P\u2019s executive director.<\/p>\n\n\n\n<p>\u201cWe want to help people get to a place of financial security,\u201d she says.<\/p>\n\n\n\n<p>P+P has helped more than 13,000 families in the Minneapolis-St. Paul area do their taxes for free and claim millions in tax refunds, thanks to hundreds of community volunteers who are trained and certified as tax preparers.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.rbcwealthmanagement.com\/en-us\/wp-content\/uploads\/sites\/7\/2021\/11\/a-volunteer-tax-preparer-works-with-a-prepare-and-prosper-customer-at-a-computer-in-page.jpg\" alt=\"a volunteer tax preparer works with a prepare and prosper customer at a computer\" class=\"wp-image-760\" width=\"778\" height=\"518\" srcset=\"https:\/\/www.rbcwealthmanagement.com\/en-us\/wp-content\/uploads\/sites\/7\/2021\/11\/a-volunteer-tax-preparer-works-with-a-prepare-and-prosper-customer-at-a-computer-in-page.jpg 778w, https:\/\/www.rbcwealthmanagement.com\/en-us\/wp-content\/uploads\/sites\/7\/2021\/11\/a-volunteer-tax-preparer-works-with-a-prepare-and-prosper-customer-at-a-computer-in-page.jpg?resize=300,200 300w, https:\/\/www.rbcwealthmanagement.com\/en-us\/wp-content\/uploads\/sites\/7\/2021\/11\/a-volunteer-tax-preparer-works-with-a-prepare-and-prosper-customer-at-a-computer-in-page.jpg?resize=768,511 768w\" sizes=\"auto, (max-width: 778px) 100vw, 778px\" \/><\/figure>\n\n\n\n<p>A customer works with a volunteer tax preparer a Prepare + Prosper\u2019s office. Photo courtesy of Prepare + Prosper.<\/p>\n\n\n\n<p>After a customer gets a refund, P+P financial advocate volunteers like Schachtman help customers direct some of the money into saving, which, for some of the customers, is a completely new approach to their financial situation.<\/p>\n\n\n\n<p>\u201cUltimately, we\u2019re trying to get at the liquid savings crisis in America, where fewer and fewer U.S. households have liquid savings to weather a savings crisis,\u201d Fischman says.<\/p>\n\n\n\n<p>That\u2019s a daunting task, when 70 percent of households in the United States are constrained by income, have limited savings, and\/or are challenged by debt, according to Pew Research. But P+P is committed to helping people get a foot up wherever they can.<\/p>\n\n\n\n<p>\u201cWhen you see somebody make a little bit of progress, maybe open a savings account for the first time or clean up their credit report, that\u2019s very rewarding to see,\u201d Schachtman says.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.rbcwealthmanagement.com\/en-us\/wp-content\/uploads\/sites\/7\/2021\/11\/a-prepare-and-prosper-volunteer-works-with-a-customer-in-page.jpg\" alt=\"a prepare and prosper volunteer works with a customer\" class=\"wp-image-761\" width=\"778\" height=\"518\" srcset=\"https:\/\/www.rbcwealthmanagement.com\/en-us\/wp-content\/uploads\/sites\/7\/2021\/11\/a-prepare-and-prosper-volunteer-works-with-a-customer-in-page.jpg 778w, https:\/\/www.rbcwealthmanagement.com\/en-us\/wp-content\/uploads\/sites\/7\/2021\/11\/a-prepare-and-prosper-volunteer-works-with-a-customer-in-page.jpg?resize=300,200 300w, https:\/\/www.rbcwealthmanagement.com\/en-us\/wp-content\/uploads\/sites\/7\/2021\/11\/a-prepare-and-prosper-volunteer-works-with-a-customer-in-page.jpg?resize=768,511 768w\" sizes=\"auto, (max-width: 778px) 100vw, 778px\" \/><\/figure>\n\n\n\n<p>A Prepare + Prosper volunteer works with a customer. Photo courtesy of Prepare + Prosper.<\/p>\n\n\n\n<p><em>Committed to a better future. Learn how RBC Wealth Management&nbsp;<\/em><span><a href=\"\/about\/community\/\">supports the communities<\/a><\/span><em>&nbsp;where we live and work.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>RBC Wealth Management is proud of how our employees help improve the communities where they live and work. Edina, Minn. financial advisor Scott Schachtman volunteers as a financial advocate with local nonprofit Prepare + Prosper.<\/p>\n","protected":false},"author":15,"featured_media":763,"template":"","meta":{"_acf_changed":false,"editor_notices":[],"rbc_url_alias":"","footnotes":""},"tags":[],"rbcwm_content_owner":[],"rbcwm_solution":[],"rbcwm_community_category":[539,17],"rbcwm_community_pillar":[7,14],"class_list":["post-758","rbcwm_community","type-rbcwm_community","status-publish","has-post-thumbnail","hentry","rbcwm_community_category-education-and-mentoring","rbcwm_community_category-volunteer-spotlight","rbcwm_community_pillar-healthy-communities","rbcwm_community_pillar-values-in-action"],"acf":{"rbcwm_subtitle":"","rbcwm_post_author":"","rbcwm_custom_breadcrumb_text":"","rbcwm_custom_breadcrumb_link_url":"","rbcwm_disclaimers":{"add_disclosures":"","perspective_disclaimer":"","expandable":"","omit_from_pages":[],"disclaimer_footnote":""},"rbcwm_insight_cta_id":[17724],"rbcwm_pagination":{"next_link":"","next_link_text":"Next article","previous_link":"","previous_link_text":"Previous article"},"rbcwm_video_duration":"","article_time":"","rbcwm_enable_toc":false,"rbcwm_toc_selector":"h2"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.8 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Financial advisor volunteers with Twin Cities nonprofit to help people find financial stability<\/title>\n<meta name=\"description\" content=\"RBC Wealth Management is proud of how our employees help improve the communities where they live and work. Edina, Minn. financial advisor Scott Schachtman volunteers as a financial advocate with local nonprofit Prepare + Prosper.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rbcwealthmanagement.com\/en-us\/community\/insights\/twin-cities-financial-advisor-volunteers-with-local-nonprofit-to-help-people-find-financial-stability\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial advisor volunteers with Twin Cities nonprofit to help people find financial stability\" \/>\n<meta property=\"og:description\" content=\"RBC Wealth Management is proud of how our employees help improve the communities where they live and work. 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