Retirement in Sight – March 2022
MONTHLY NEWS AND INFORMATION FOR CURRENT AND FUTURE RETIREES PRESENTED BY UPAL – MARCH 2022 QUOTE OF THE MONTH “The biggest adventure you can ever take is to live the life of your dreams.” OPRAH WINFREY A STRATEGY FOR MONETARY GIFTS FOR FAMILY Have you ever thought about giving financial gifts to your kids or grandkids? Many affluent retirees and pre-retirees do this, often with an eye toward furthering family wealth. First, the basics. The Internal Revenue Service for 2022 increased the yearly gift tax exclusion to $16,000, so as an individual taxpayer, you can gift up to $16,000 this
March 29, 2022
