Mike Milligan explains the annual gift-tax exclusion: you can give $19,000 per person tax-free each year, or $38,000 as a married couple. High-net-worth retirees often miss this chance to shrink their estate while watching their kids use the money. Use it before December 31st on tuition, Roth IRAs, debt, or a down payment.
Gifting, use your $19,000 per recipient or lose it. $19K. So, you know, maybe there's some listeners here who have $2, $3, $4, $5, or more million dollars of net worth. Um, according to the IRS, those type of folks can give $19,000 to as many people as they want to tax-free. A couple can give $38,000. Per person. It's zero paperwork. It's a way to lower your estate, and you can help your kids or grandkids today. Now, what would your kids do with that? They can do things like fund a Roth IRA, pay a private school tuition, you know, pay off debt, get them into the home that they want. If you're a high net worth retiree and you're not giving this money away and you're just letting it accumulate, you're really missing a key benefit that is free to give. And you can see while you're alive how your kids will use your money.
How to evaluate AI growth stocks (Nvidia, Oracle, CoreWeave) beyond market hype
How to evaluate AI growth stocks (Nvidia, Oracle, CoreWeave) beyond market hype
