A Nasdaq.com article explains how you could reduce your taxable estate with year-end family gifts of cash: http://bit.ly/389CbhG
NASDAQ.COM
Year-End Tax Tip: Give Cash Gifts to Family and Friends
A candid, straightforward Forbes article lists 3 lies people tell themselves about estate planning: https://tinyurl.com/y4j4e5r8
FORBES.COM
3 Lies People Tell Themselves About Estate Planning
If you turned 70½ last year, April 1 is your final deadline to receive your initial Required Minimum Distribution (RMD) from a traditional IRA, SEP-IRA, SIMPLE IRA, or employer-sponsored retirement plan. If you take your initial RMD from these retirement accounts this year, you must receive your second RMD from them by December 31, 2019.
irs.gov/newsroom/tax-time-guide-seniors-who-turned-70-and-a-half-last-year-must-start-receiving-retirement-plan-payments-by-april-1 [3/5/19]
IRS.GOV
Tax Time Guide: Seniors who turned 70 and a half last year must start receiving retirement plan payments by April 1 | Internal Revenue Service
I completely agree with this idea. Since our schools are not teaching our students the basics of personal finance, we as parents need to take it upon ourselves to do so. Our kids are smarter than we think and when taught a subject in a fun way, love to learn new things. I have a 13-year-old daughter who for a year now has had her own debit card that we add to when she earns money. She earns for great grades and babysitting. When she wants to buy stuff at the mall or stores she frequents, she can with her money by using her debit card. She has learned to only buy things she really wants, and it has taught her the value of money at a young age. Don’t be afraid to share your advice and knowledge with your kids, especially when it comes to basic money matters.
https://www.marketwatch.com/story/want-your-kids-to-be-better-with-money-let-them-practice-with-it-2018-12-03
MARKETWATCH.COM
Want your kids to be better with finance? Don’t make them afraid of money
The stats tell us everything we need to know about this question, and the answer is YES! It is more important to know how to balance your budget than it is to diagram a sentence or dissect a frog. Everyone at some point in their life is going to deal with making money, spending money and saving money. When was the last time someone not in a biology class dissected a frog? The curriculum in our school system needs to change drastically so our students are prepared for the global economy we live in today.
http://www.mpnnow.com/news/20181203/john-ninfo-should-personal-finance-classes-be-required-in-high-school
MPNNOW.COM
John Ninfo: Should personal finance classes be required in high school?
In my 18 years of advising clients on their finances as a Investment Advisor Representative, I have been told repeatedly that some of the most important advice I have given my clients is the basics of managing daily financial decisions big and small.
I tell my clients to seek my advice on all matters regarding their finances, not just their investments. Showing them how to reduce their monthly expenses can free up funds to save for retirement and can make the difference in reaching their goals. Being a daily money manager has always been part of my job with my clients young and old.
https://money.usnews.com/investing/investing-101/articles/do-investors-need-a-daily-money-manager
MONEY.USNEWS.COM
Do Investors Need a Daily Money Manager?
