{"id":9502,"date":"2025-02-08T08:00:00","date_gmt":"2025-02-08T08:00:00","guid":{"rendered":"https:\/\/riverbend.objectivebrand.com\/?p=9502"},"modified":"2025-02-14T16:42:01","modified_gmt":"2025-02-14T16:42:01","slug":"tax-efficient-gifting-options","status":"publish","type":"post","link":"https:\/\/riverbend.objectivebrand.com\/?p=9502","title":{"rendered":"Tax-Efficient Gifting Options &#8211; Finger Financial Five #200"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"9502\" class=\"elementor elementor-9502\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-3f589f7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3f589f7\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ec28e13\" data-id=\"ec28e13\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3564a3d elementor-blockquote--skin-border elementor-blockquote--button-view-icon-text elementor-blockquote--button-skin-classic elementor-widget elementor-widget-blockquote\" data-id=\"3564a3d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\t\u201cSome gifts are big. Others are small. But the ones that come from the heart are the best gifts of all.\u201d\t\t\t<\/p>\n\t\t\t\t\t\t\t<div class=\"e-q-footer\">\n\t\t\t\t\t\t\t\t\t\t\t<cite class=\"elementor-blockquote__author\">Tinku Razoria<\/cite>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/twitter.com\/intent\/tweet?text=%E2%80%9CSome+gifts+are+big.+Others+are+small.+But+the+ones+that+come+from+the+heart+are+the+best+gifts+of+all.%E2%80%9D+%E2%80%94+Tinku+Razoria&amp;url=https%3A%2F%2Friverbend.objectivebrand.com%2F%3Fp%3D9502\" class=\"elementor-blockquote__tweet-button\" target=\"_blank\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fab-twitter\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M459.37 151.716c.325 4.548.325 9.097.325 13.645 0 138.72-105.583 298.558-298.558 298.558-59.452 0-114.68-17.219-161.137-47.106 8.447.974 16.568 1.299 25.34 1.299 49.055 0 94.213-16.568 130.274-44.832-46.132-.975-84.792-31.188-98.112-72.772 6.498.974 12.995 1.624 19.818 1.624 9.421 0 18.843-1.3 27.614-3.573-48.081-9.747-84.143-51.98-84.143-102.985v-1.299c13.969 7.797 30.214 12.67 47.431 13.319-28.264-18.843-46.781-51.005-46.781-87.391 0-19.492 5.197-37.36 14.294-52.954 51.655 63.675 129.3 105.258 216.365 109.807-1.624-7.797-2.599-15.918-2.599-24.04 0-57.828 46.782-104.934 104.934-104.934 30.213 0 57.502 12.67 76.67 33.137 23.715-4.548 46.456-13.32 66.599-25.34-7.798 24.366-24.366 44.833-46.132 57.827 21.117-2.273 41.584-8.122 60.426-16.243-14.292 20.791-32.161 39.308-52.628 54.253z\"><\/path><\/svg>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-blockquote__tweet-label\">Tweet<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2da8ede elementor-widget elementor-widget-text-editor\" data-id=\"2da8ede\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2><strong>Tax-efficient gifting options<\/strong><\/h2><p>I am not a very good runner. I blame it on short legs. My doctor would say the extra 20 pounds doesn&#8217;t help either.\u00a0<\/p><p>One of my favorite runs is the Cooper River Bridge run in Charleston, SC. I would get passed by hundreds of people. Where I would make up a lot of ground is on the downhill parts of the bridge. I keep my body perpendicular to the road and \u201cfall downhill,\u201d letting my feet kick behind me. I was able to blow past the people that were leaning back and resisting this downhill portion.\u00a0<\/p><p>Many people do not use the \u201cdownhill portions\u201d of gifting as well as they should either.\u00a0<\/p><p>They miss tax planning opportunities that cost them thousands of dollars.\u00a0<\/p><p>You can give a friend or family member $19,000 in 2025 without filing a gift tax return and without reducing your lifetime exemption amount.\u00a0<\/p><p>You can give an <strong>unlimited<\/strong> amount if you pay:<\/p><ul><li>Tuition <strong>directly<\/strong> to an educational institution.<\/li><li>Medical expenses <strong>directly<\/strong> to a medical provider.<\/li><\/ul><p>Let\u2019s say you wanted to give $30,000 to your child. How could you do it?\u00a0<\/p><ul><li>You could gift across multiple years. You give $19,000 in December 2025 and $11,000 in January 2026.<\/li><li>You could give $15,000 to your son and $15,000 to your daughter-in-law (if married).\u00a0<\/li><li>You and your spouse could give $15,000 each to your child. It is recommended that you write the checks from your individual accounts.\u00a0<\/li><\/ul><p><a href=\"https:\/\/riverbend.objectivebrand.com\/tax-efficient-ways-to-give-to-children-charities-finger-financial-five-160\/\"><strong>If you are giving to charity<\/strong><\/a>, then a few strategies may be utilized.<\/p><p>If you are giving from a taxable account, give low-cost basis stock. The charity can sell the stock without capital gains tax, and you donate the fair market value.\u00a0<\/p><p>If you are over 70 and half years old, then you could give directly from your IRA to charity. This kind of withdrawal is NOT taxable. This counts towards your Required Minimum Distributions if you are of age. This is called a Qualified Charitable Distribution.\u00a0<\/p><p>We caught a couple of mistakes on the <a href=\"https:\/\/youtu.be\/QPnAbLxAhK0\" target=\"_blank\" rel=\"noopener\">Social Security video<\/a> we posted on Saturday. We also posted a <a href=\"https:\/\/youtu.be\/om3mpZONd5k\" target=\"_blank\" rel=\"noopener\">Case Study on How to Retire with $2M<\/a>. Let me know what you think.<\/p><p><a href=\"https:\/\/youtu.be\/om3mpZONd5k\" rel=\"attachment wp-att-9505 noopener\" target=\"_blank\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-9505 size-full\" src=\"http:\/\/riverbend.objectivebrand.com\/wp-content\/uploads\/2025\/02\/Im-60-with-\ufffd2M.-How-Much-Can-I-Spend-In-Retirement_.jpg\" alt=\"Tax-efficient gifting options\" width=\"1280\" height=\"720\" srcset=\"https:\/\/riverbend.objectivebrand.com\/wp-content\/uploads\/2025\/02\/Im-60-with-\ufffd2M.-How-Much-Can-I-Spend-In-Retirement_.jpg 1280w, https:\/\/riverbend.objectivebrand.com\/wp-content\/uploads\/2025\/02\/Im-60-with-\ufffd2M.-How-Much-Can-I-Spend-In-Retirement_-300x169.jpg 300w, https:\/\/riverbend.objectivebrand.com\/wp-content\/uploads\/2025\/02\/Im-60-with-\ufffd2M.-How-Much-Can-I-Spend-In-Retirement_-1024x576.jpg 1024w, https:\/\/riverbend.objectivebrand.com\/wp-content\/uploads\/2025\/02\/Im-60-with-\ufffd2M.-How-Much-Can-I-Spend-In-Retirement_-768x432.jpg 768w, https:\/\/riverbend.objectivebrand.com\/wp-content\/uploads\/2025\/02\/Im-60-with-\ufffd2M.-How-Much-Can-I-Spend-In-Retirement_-610x343.jpg 610w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-14f0eed elementor-widget elementor-widget-text-editor\" data-id=\"14f0eed\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span data-teams=\"true\">This week, we were highlighted in <a id=\"menur31u\" class=\"fui-Link ___1q1shib f2hkw1w f3rmtva f1ewtqcl fyind8e f1k6fduh f1w7gpdv fk6fouc fjoy568 figsok6 f1s184ao f1mk8lai fnbmjn9 f1o700av f13mvf36 f1cmlufx f9n3di6 f1ids18y f1tx3yz7 f1deo86v f1eh06m1 f1iescvh fhgqx19 f1olyrje f1p93eir f1nev41a f1h8hb77 f1lqvz6u f10aw75t fsle3fq f17ae5zn\" title=\"https:\/\/www.fa-mag.com\/news\/social-security-fairness-act-recalibrates-plans-81302.html\" href=\"https:\/\/www.fa-mag.com\/news\/social-security-fairness-act-recalibrates-plans-81302.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Link Financial Advisor Magazine for our coverage of the Social Security Fairness Act\">Financial Advisor Magazine for our coverage of the Social Security Fairness Act<\/a>. We&#8217;ve created a video that dives deeper into this Social Security reform, which eliminates the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO), leading to increased benefits. Be sure to subscribe to <a id=\"menur320\" class=\"fui-Link ___1q1shib f2hkw1w f3rmtva f1ewtqcl fyind8e f1k6fduh f1w7gpdv fk6fouc fjoy568 figsok6 f1s184ao f1mk8lai fnbmjn9 f1o700av f13mvf36 f1cmlufx f9n3di6 f1ids18y f1tx3yz7 f1deo86v f1eh06m1 f1iescvh fhgqx19 f1olyrje f1p93eir f1nev41a f1h8hb77 f1lqvz6u f10aw75t fsle3fq f17ae5zn\" title=\"https:\/\/www.youtube.com\/channel\/ucrdrf1betxoxknikhbwjula\" href=\"https:\/\/www.youtube.com\/channel\/UCRdrF1BetxOXKNIkHBWjUlA\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Link our YouTube channel\">our YouTube channel<\/a> so you won\u2019t miss the release of this important video!<\/span><\/p>\n<p>\u00a0<\/p>\n<p><em>On the lighter side, <\/em>it had been a few weeks since we saw Elliott. So, we went to Columbia Friday and took him out for a steak. I think that was the first meal he has eaten that he did not order by number since school started. Kids\u2026.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>\u201cSome gifts are big. Others are small. But the ones that come from the heart are the best gifts of all.\u201d Tinku Razoria Tweet Tax-efficient gifting options I am not a very good runner. I&#8230; <a class=\"read-more\" title=\"FULL STORY\" href=\"https:\/\/riverbend.objectivebrand.com\/?p=9502\">Read More<\/a><\/p>\n","protected":false},"author":3,"featured_media":9504,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[4],"tags":[63],"class_list":{"0":"post-9502","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finger-financial-five","8":"tag-tax","9":"entry"},"acf":[],"_links":{"self":[{"href":"https:\/\/riverbend.objectivebrand.com\/index.php?rest_route=\/wp\/v2\/posts\/9502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riverbend.objectivebrand.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riverbend.objectivebrand.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riverbend.objectivebrand.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/riverbend.objectivebrand.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9502"}],"version-history":[{"count":12,"href":"https:\/\/riverbend.objectivebrand.com\/index.php?rest_route=\/wp\/v2\/posts\/9502\/revisions"}],"predecessor-version":[{"id":9540,"href":"https:\/\/riverbend.objectivebrand.com\/index.php?rest_route=\/wp\/v2\/posts\/9502\/revisions\/9540"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riverbend.objectivebrand.com\/index.php?rest_route=\/wp\/v2\/media\/9504"}],"wp:attachment":[{"href":"https:\/\/riverbend.objectivebrand.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riverbend.objectivebrand.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riverbend.objectivebrand.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}