Monthly Archives: February 2014

Ross Polking Thumbnail Photo

Having a conversation with your kids about finances is no easy task, but it is important to educate your children on effective money management. The importance of teaching such skills to children was most recently substantiated by a 2013 survey conducted by Junior Achievement. The results showed that teens who feel that they will be able to support themselves without parental assistance between the ages of 18 and 24 declined...

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Phil Kruzan

After the U.S. Congress voted in 2010 to raise the federal tax threshold for gifts from $1 million to $5 million, many Americans took advantage of the higher limit. According to Bloomberg, recent IRS data found that U.S. taxpayers reported $122 billion in tax-free gifts in 2012. Of that total, $84 billion was attributed to gifts valued above $1 million, and fewer than 30,000 people were responsible for this portion. Furthermore,...

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