Planned Solutions Secure Act Earth Quake Insurence Gift Taxes And Annual Gift Tax Limit
On this episode of the Planned Solutions Financial Review Podcast we discuss, The SECURE Act has passed the House of Representatives and is expected to be taken up by the Senate. The bill would make a number of changes to person finance laws and regulations which may have an impact on financial planning now and in the future. And, Earthquake insurance is not covered by traditional homeowner’s insurance policies. Instead, protection against earthquake damage requires a separate policy that comes with a number of limits and details that differ from those of traditional policies. These factors can make earthquake insurance quite expensive but my be the only financial recourse an individual may have if their property is damaged by an earthquake. Also,Under the IRS gift tax regime every individual can gift up to $11.4 million (2019 limit) during their lifetime without paying gift tax. However, gifts in excess of $15,000 per year to any one individual still requires that the person giving the gift file a gift tax return, even if no tax will be due. However, there are some exceptions which with careful planning may allow an individual to make gifts in excess of the limit while still avoiding the administrative time and cost of filing a gift tax return. Plus a look at the Planned Solutions Incorporated Office Bulletin Board- The Harlan D. Wood Memorial Cancer Charity Golf Tournament is just three months away. We hope you will sign up to attend or support the cause by donating to a cancer charity of your choice. Date: September 6th, 2019 Location: Rancho Murieta Country Club – North Course 7000 Alameda Drive Rancho Murieta, CA 95683 Time: 9am shotgun start, 1:30 barbecue All profits go to cancer research and education. You can help by attending the tournament or donating. Not golfing? Bring friends and attend the BBQ. To subscribe or unsubscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com The Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action. Planned Solutions, Inc. ADDRESS: PHONE: 1130 Iron Point Road, Suite 170 (916) 361-0100 Folsom, CA 95630 (800) 750-2111 E-MAIL: FAX: Shannon@PlannedSolutions.com (916) 361-0191 WEB SITE: www.PlannedSolutions.com #finance #invest #investment #stocks #interestrate #bonds