The holidays give many families a rare chance to gather in one place, sharing meals, stories and traditions. But amidst the festivities, there is also a unique opportunity to have conversations about the future. Even a small step now — sharing your thoughts on aging, care or estate plans — could help prevent confusion, conflict […]
Unwrapping Your Estate Plan for Your Kids: The Best Gift Read More »
When your gift list gets longer but your holiday gift budget stays the same, it’s time to get creative about shopping for everyone on your list. While rising prices make it feel impossible to get something everyone will love without overspending, there are plenty of budget-friendly gift ideas out there. One of the best-kept secrets
Amazon Haul Gift Guide: Under-$20 Gifts That Keep Your Holiday Budget in Tact Read More »
Key Takeaways It is possible to gift a contribution to another person’s IRA, but the recipient will remain subject to the earned income requirement as if they made contributions of their own. IRAs have an annual overall contribution limit (as well as an additional “catch-up” limit for those age 50 or older); the total of
How To Make an IRA Contribution as a Gift Read More »
Each week, in our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on topics submitted by readers. This week, she’s looking at questions on estate and gift taxes. (Get a free issue of The Kiplinger Tax Letter or subscribe.) 1. Estate tax changes under the OBBB Question: Did the “One
Ask the Editor — Tax Questions on Estate and Gift Taxes Read More »