Ep 86: Age Gaps & Life Insurance, Taxes on an Inheritance, Tax-Efficient Investments for Non-Retirement Accounts – Mailbag Episode
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By Scott Sierens. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
It’s time to open up the mailbag again and answer some of your financial questions on the podcast, and we have a few really good ones to tackle today. Whether you’re in retirement or getting close, there will be some good information that we think you’ll relate to with your own financial planning.
So a few of the things we’ll address in this episode are whether or not you need life insurance in retirement, how to inherit different account types and manage the taxes associated with each, and what to do about taxes in a brokerage account generating dividends.
Here’s some of what you’ll learn in this episode:
- Do you need life insurance in retirement if you have a significant age gap with your spouse? (2:14)
- The natural transition from life insurance to long-term care insurance in retirement. (9:41)
- Tax planning strategies for accounts paying consistent dividends. (12:19)
- Is it worth choosing capital appreciation investments over dividend-paying investments? (16:30)
- What you need to know about inheriting different types of accounts and the taxes you have to pay. (19:55)
- Why you might benefit most from taking advantage of the step-up in cost basis. (24:13)
Read more and get additional financial resources here: http://lifemoneyshow.com
Check out our YouTube channel: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ
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