{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Freedom for Retirement™","title":"Step-Up in Basis: Should You Gift Assets Now or Wait?","html":"","width":"100%","height":180,"duration":743,"description":"Gifted stock carries your cost basis to your children, tax bill included. Josh explains why that is still no reason to hold everything until you're gone.\n\nJosh Duncan, partner at F5 Financial Planning, a fee-only fiduciary firm, treats the tax cost as one input among several: how much you can afford to give, what your children need right now, and how appreciated the asset is. A gift you can't comfortably afford isn't generous. It's a risk to your own plan. Cash carries no capital gains question at all, which makes it the simplest thing to give now.\n\nThis episode covers:\nWhat to give first when one position holds most of your gain\nWhere a joint account resets in full and where only half does\nWhy revocable trusts keep the step-up and irrevocable trusts often lose it\nWhether an inherited IRA or 401(k) ever gets a step-up\nWhen to get the appraisal that makes the new basis defensible\nWork through your own numbers first, so that when you give, you're deciding on purpose.\n\n🎥 How an inherited IRA works today, including the 10-year rule: https://www.youtube.com/watch?v=Ds5ATumKo-Y\n\n👉 Work with us at https://www.f5fp.com\n\nAbout F5 Financial Planning:\n\nAt F5 Financial Planning, we help individuals and families align their finances with what matters most so they can live lives of Freedom and Significance. We are a fee-only, fiduciary financial planning and investment management firm, meaning we don’t earn commissions or sell products — our only commitment is to our clients’ best interests. We provide comprehensive financial planning, investment management, tax-efficient strategies, and retirement planning for families, corporate executives, and entrepreneurs. Our team serves clients nationwide through virtual meetings and from offices in Illinois, Georgia and Florida.\n\nAt F5, our goal is simple: to help you gain confidence, clarity, and control over your financial future so you can focus on the people and passions that matter most. \n\nVisit https://www.f5fp.com to learn more...","thumbnail_url":"https://img.transistorcdn.com/OMhHymyiKvGNkP8t54gkQ7TzI2XINLOZKfM_8kC6oG8/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS8zMmQ1/YjllNTViYjQxODFh/ZjM5NjgyZDFmMzkx/MDYyNy5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}