Millennials and Gen Z Acknowledge the Need for Life Insurance
Episode 235 – Millennials and Gen Z recognize the need to purchase life insurance, but many don’t. It all comes down to education and advice.
Does State Taxation Cause the Wealthy to Move to Different States?
Episode 234 – States with high income and estate taxes may cause the wealthy to move to another state with one or the other, but not both taxes.
Study Indicates that 40 Percent of Americans Cash Out Their 401(k)s When They Switch Jobs
Episode 233 – According to a new study, a shocking 41% of people withdraw, rather than roll over, their 401(k) balances when leaving their jobs.
Documentation of Charitable Gifts
Episode 232 – Before you try to take an income tax deduction for the charitable gifts you made during the tax year, make sure you comply with the various IRS requirements for documentation and qualification of the donation.
No Step-Up in Basis for Assets in a Grantor Trust
Episode 231 – The IRS released Revenue Ruling 2023-2 stating that assets held in a grantor trust do not receive a step-up in basis upon the grantor’s death. What does that mean?
Social Security Trustees Report 2023: Here We Go Again
Episode 228 – The new Social Security Trustees report has both good news and bad news. The question is: where do we go from here?