Last week Jim and Cathlyn discussed charitable giving. This week they focus on gifting to friends and family members. They discuss what the IRS considers a “gift”, as well explaining the gift tax and the possible exceptions to the gift tax. They also offer a case study to illustrate family gifting. Next, Jim offers some advice to those investors still stuck in the “bunker”, waiting for a dollar crash and a gold recovery. Jim discusses the benefits of a more balanced portfolio that participates in many asset classes. The special guest this week is Max Richtman, President & CEO of the National Committee to Preserve Social Security & Medicare Foundation (NCPSSM.org). Mr. Richtman will be discussing current and proposed positions on Medicare & Social Security means testing.
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