Social Security, Gift Tax, and Life Insurance Proceeds: Q&A #2132

August 7, 2021

Social Security, Gift Tax, and Life Insurance Proceeds: Q&A #2132

Jim and Chris sit down to discuss listeners questions relating to Social Security, gift tax, and investing life insurance proceeds for children.

(3:45) Chris addresses a thought from a listener wondering about a response to one of last weeks Social Security questions.

(12:15) A Maryland listener looks for clarification on a Social Security question that was answered on a previous show.

(21:15) George asks the first part of his question relating to the best time for his spouse to claim her Social Security benefit.

(29:00) George has the second part of his question answered with regards to the gifting to his children while alive.

(59:15) A listener wonders how the IRS views gifting physical property.

(1:02:00) George from New York asks about the best way for his wife to invest life insurance proceeds for their children to eventually inherit.

Check out the background of firms and investment professionals on SEC’s Adviser Info Page.

Jim Saulnier and Associates | 970-530-0556 | 506 East Mulberry Street, Fort Collins, Colorado 80524

Ed Slott Advisor recognition requires an advisor to be well versed on the rules and regulations regarding IRAs. The advisor must attend two live training sessions and pass two written exams annually to remain in the program. Jim Saulnier & Associates, LLC (“RIA Firm”) is a registered investment adviser located in Fort Collins, CO. Jim Saulnier & Associates, LLC may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements. Current registered states: CA, CO, PA, TX, WA, IL Insurance products and services are offered and sold through James H. Saulnier, a Colorado licensed insurance producer, only in those states in which he is reciprocally licensed or qualifies for an exemption or exclusion from licensing requirements. Current reciprocal insurance licensing in these states: AZ, CA, CA, CN, FL, HI, IA, MA, MD, NY, PA, SC, TN, TX, VA, WA, WI, WY Click here for a more detailed disclosure.