7 Smart Giving Strategies for Family and Charities Before Year-End (Ep. 78)
The holiday season often inspires generosity, but how you give can make a big difference for both your loved ones and your finances.
In this episode, I explore seven actionable gifting strategies you can use before the year ends to support your children, grandchildren, and favorite charities while also being mindful of tax planning opportunities. I walk through practical examples to help you give with purpose and joy.
Keypoints:
- The $19,000 annual gift exclusion and how it works with lifetime estate tax limits
- Gifting appreciated assets like stocks to family or charities to reduce taxes
- Paying tuition and medical bills directly to providers without gift tax concerns
- Leveraging 529 accounts, custodial accounts, and new temporary Trump accounts
- Charitable giving strategies, including qualified charitable distributions and donor-advised funds
- And more!
Resources:
- Get Your FREE Simply Retirement Roadmap
- #52 – I Have Inherited an IRA—Now What? 5 Steps to Avoid Costly Mistakes
- #61 – The Science of Happier Spending: Behavioral Finance Insights with Brendan Frazier
- #65 – How the New Tax Law Could Impact Your Retirement
- #75 – Year-End Tax Planning Checklist for 2025
Connect with Eric Blake:
- www.TheSimplyRetirementPodcast.com
- Join the Simply Retirement Newsletter
- Ask a Question or Suggest a Topic for the Podcast
- Blake Wealth Management
- YouTube
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