What do you need to consider about gifting as it relates to your overall estate plan? Let’s take a closer look at estate and gift taxes and how you can approach them with a financial planning mindset. Taxes on Giving??? Why do you have to pay taxes on money you’re giving away?
When wealth passes between generations, it generally flows downstream, passing from an older generation to a younger one. Under certain circumstances, though, taking a detour in the other direction can help save you some money in taxes. "Upstream" gifting is a wealth-transfer strategy whereby ...
Interesting how politicians use billionaires as talking points but crank the taxes way up on every day hard working people that make 250kish or more. If you stole the money from all of the American billionaires we would still be tens of trillions of dollars in debt. The real problem isn’...
It’s not magic; it’s math. And if you want the lowdown on present value, future value, interest rates, and compounding,here’s an explainer on the time value of money, plus an interactive calculator. Series EE bonds sold from 1980 through April 1995were guaranteed to double at the ti...