Jun 14, 2020
It’s Sunday, which means...It’s recap time!
This week, Scott Alan Turner was here for a guest takeover of the One Minute Retirement Tip. Scott is a consumer advocate, a certified financial planner, an author and a podcaster.
And this week, he shared his 5 Secrets to Happiness On The Road To Financial Freedom
Here are the 5 secrets that Scott covered in each episode this week:
Hopefully, after listening to the One Minute Retirement Tip this week, you have more clarity about your finances and what’s most important to you as you approach and enter retirement, and ultimately, better insight into how to be happier as you work toward financial freedom. I also hope that Scott's fresh perspective helped you think about your pursuit of financial freedom in a new and different way.
If you missed any of these episodes or if you want to revisit any of them, you can find them on iTunes, Spotify, or Google Play by searching for the “One Minute Retirement Tip with Ashley”.
And sure to check out Scott Alan Turner’s podcast “Financial Rock Star”...And take advantage of his free 3-part video masterclass Millionaire Success Habits at www.scottalanturner.com/truenorth. (spell it out).
Tomorrow, we are starting a brand new theme: The 2020 Gift Tax Rules That Could Evaporate Next Year
Gifting, especially during your lifetime, can be a powerful strategy to transfer wealth, business interests, property, and a variety of other assets to your family and heirs. And right now is an excellent time to gift, because the rules on exemptions and exclusions from paying taxes on those gifts are really attractive...But, we are in an election year and if Trump loses to Biden in November, and especially if democrats also control the House and/or the Senate... you can bet that estate and gift taxes will likely switch course.
In fact, I won’t be surprised to hear Biden and other democrats campaign on this exact issue. So if you plan to take advantage of favorable tax treatment on gifting assets, the clock could be ticking because estate and gift taxes will have a giant target on their backs come November if Biden unseats Trump. So next week, I’ll explain the current gift tax rules & who should consider gifting.
That’s it for this week! Thanks for listening and I hope you have a blessed Sunday!
My name is Ashley Micciche and this is the “One Minute Retirement Tip”.
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