#13: How to Give Your Kids Their Inheritance While You're Still Around to Enjoy It

You saved well, planned well, and now you're sitting on more than you're likely to spend in your own lifetime. But if you haven't thought carefully about how to share that wealth while you're still here to enjoy it, you could be missing one of the most rewarding opportunities in retirement planning.In this episode, Jaime Cowper walks through what she calls the Living Inheritance Playbook, explaining how the annual gift exclusion works, how it differs from the lifetime estate exemption, and how families are using it to fund everything from home down payments to grandkids' tuition to long term care insurance for adult children. If you're a retiree wondering how to put surplus income or RMDs to meaningful use for your family, this one was made for you.Chapters: (00:00) Introduction(02:36) What Families Are Doing With $19K(04:48) Using RMDs to Fund Kids' LTC Insurance(07:28) Jaime's Own Long Term Care Strategy(08:12) Why Living Giving Matters Most(09:08) Next Steps for Your FamilyAfter hearing about the long term care strategy for adult children, is that something you've ever considered for your own family? Leave a comment. To schedule a time to discuss your financial future visit https://www.unityfinancialadvisors.net/contact-us or call (248) 885-8176 today!Connect with Jaime on Social MediaLinkedIn: https://www.linkedin.com/in/jaimecowperInstagram: https://www.instagram.com/jaime.cowperFacebook: https://www.facebook.com/unityfinancialInvestment advisory and financial planning services offered through Advisory Alpha, LLC, a Registered Investment Advisor. Insurance, Consulting, and Education services offered through Unity Financial Advisors. Unity Financial Advisors is a separate and unaffiliated entity from Advisory Alpha. While tax and legal issues may be discussed in the general course of financial and investment planning, Advisory Alpha does not provide tax or legal services. Jaime Cowper is an investment advisor representative of Advisory Alpha, LLC, a SEC registered investment advisor. All opinions expressed by Jaime Cowper are solely her own opinions and do not reflect the opinions of Advisory Alpha, LLC, and as such, any and all statements of purported or observed general practices of non-affiliated firms and advisors; conditions of the broad financial services industry; or performance or returns with regards to products, securities, markets, or otherwise, whether or not advisor indicates they may be relying on third-party data or sources, are solely the opinions and/or interpretations of the advisor and are not intended to be offered as factual. The validity of these statements has not been verified, and as such, no representations of their validity are made. This recording is for informational purposes only and should not be relied upon for investment decisions. This material is not endorsed or approved by the Social Security Office or any other Government Agency. An Annuity is a long-term financial product designed largely for asset accumulation and retirement needs. All guarantees are backed by the claims-paying ability of the issuing insurance company.