Wealthy people often wait until middle age or even retirement to begin thinking in earnest about giving. Of course, this is sometimes necessary—it often takes time to earn wealth before one can consider investing it in worthy causes. But age should not be the determining factor, and philanthropy, no matter when one starts, will yield successes and failures that offer lessons for one’s future giving. Effective philanthropy is not an easy undertaking, and postponing one’s engagement can mean postponing effective giving. Read more.