There are several ways you might consider gifting money to your loved ones. In 2017, the IRS allows you to give up to $14,000 annually (or $28,000 if you give jointly with your spouse) in cash, investments and/or property to each of as many people as you’d like without triggering gift taxes (This limit may be adjusted for inflation in future years).
About Briant Sikorski
Briant entered the financial services industry after a twenty-year career in the venture capital, information technology, telecommunications and automotive manufacturing industries. Briant holds a Bachelor of Science degree from the University of Michigan and a Master of Business Administration degree from Oakland University.
Entries by Briant Sikorski
Changing jobs is an important decision – one that many of us are making more often. Once you’ve decided to switch jobs, your next move is to determine what to do with the money in your former employer’s retirement plan.
Assets in 529 plans have grown significantly in recent years due to their college planning potential. But there’s another side to 529 plans that may appeal to you – potential estate planning benefits.1
Americans’ financial lives are increasingly complex. It’s not unusual to have checking and savings accounts, a 401(k), IRAs and other personal investments. Keeping track of all your savings and investments has prompted many individuals to seek guidance.
Everything doesn’t need posting.
Picture an admissions officer at an elite university, weighing whether that school should accept your child in its next freshman class. A quick Instagram or Facebook profile search discourages that academic gatekeeper. Your kid doesn’t get into that great college, all because of what was posted online.
When it comes to investing, many people associate risk with losing money. But investing entails different types of risk. Understanding each type – and the potential return associated with your retirement portfolio – can help you determine whether your investments are appropriate for your situation.
Grab your sunglasses: Summer’s here, and it’s time to kick back and relax.
If only it were that easy. It would be great if all your worries disappeared when Summer arrived, but that doesn’t happen. Actually, if money is stressing you out and you’re planning to take a vacation, summertime may be extra stressful.
Money. It’s hard to get and easy to lose. It doesn’t take long for the wealth you’ve accumulated to disappear if you don’t manage your money well or have a plan to protect your assets from sudden calamity.
With growing uncertainty about the future of Social Security funding, the Social Security Administration (SSA) suspended most mailings of its annual statements.
Variable annuities are getting another look thanks to the growing population of retirees and their interest in lifetime retirement income and living benefit options. Yet when considering the purchase of a variable annuity, it is crucial that individuals understand the product’s features and their associated fees.