Latest / Money In Motion with Klaas Financial / Gifts and Estates: Navigating Limits in 2024

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Gifts and Estates: Navigating Limits in 2024 · Money In Motion with Klaas Financial

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This is Money in Motion with Class Financial, a fun and informative show designed
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to help you get answers to all your retirement questions in one place at our
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phone lines. They are open for you right now. If you have questions
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for our retirement planning professionals from Class Financial love to have you join us this
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week. Telphy number to get on the air six oh eight three two one
0:27
thirteen ten. That's six oh eight three two one thirteen ten. You can
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learn more about Class Financial on their website COSS Financial dot com. That's Coss
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k l aas Financial dot com. And they're telephone number six oh eight four
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four two five six three seven. Don't forget no charge for that initial get
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to know you appointment tech Loss Financial. It will be complimentary to you again
0:48
their number six oh eight four four two five six three seven. And to
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get on the air this morning, it's the regular get on air number six
0:54
oh eight three two one thirteen ten. That's six oh eight three two one
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thirteen ten. As mentioned Join the week by Cjkloss and Malia Quavis. CJ.
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How you doing this morning? Doing great? How are you Sean?
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I'm doing really well. Malia? How have you been very good, happy
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to be here. It's great to have both of you along, and we've
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got a really good question conversation. I had a great conversation ahead about saving
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for our retirements, but also of course helping out the grown kiddos and what
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we need to understand when it comes to things like gifting. It's a really
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important conversation, should be very informative. A little thing too, by the
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way, speaking of great information, not only are going to get some great
1:30
information if you pay close attention, you'll also have a chance to win a
1:34
fantastic prize. This week, our friends from Class Financially have provided a twenty
1:38
five dollars gift card to Best Buy with the Closs Quiz question of the week.
1:42
Tell you a little bit later on in the program how you can win
1:44
that twenty five dollars gift card to Best Buy. Little tip though, as
1:46
mentioned, if you pay close attention, most of the time the question and
1:49
answer come up during each week's show, so it definitely benefits you for a
1:53
number of reasons to pay close attention. Before we get rolling on this week's
1:56
conversation this week's topics, let's take a look back at last week's program and
2:00
get the question and the answer there as well. Yeah, so last week
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we had a nice conversation about debt and how we really work hard to make
2:08
sure are soon to be retirees are moving the right direction, which is away
2:14
from debt. So in that discussion last week, our question was true or
2:19
false. In twenty twenty three, persons ages sixty to seventy eight carried approximately
2:23
twenty five thousand dollars of credit card, auto and student loan debt. Congratulations
2:30
to Leo of Portage, Wisconsin, correctly answered true, So we would rather
2:36
you not have that debt, but we want you to be familiar with the
2:38
numbers. So thanks for listening and listen carefully today. It was a fantastic
2:42
program as always, don't for You can listen back at Classfinancial dot com.
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That's Closs klaasfinancial dot com. Also, while you're there, you can sign
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up for the weekly Market Pulse newsletter. It's a great weekly email a little
2:53
snapshot of what's been going on in the market, as well as linked to
2:55
the most recent podcast. Speaking of last week's show, it started quite the
2:59
conversation at the Preble households, so definitely worth listening to and some really really
3:04
great, Uh, great conversation with Kashan's going to stop spending money that crass,
3:08
yes, sort of, but it was. It was a fantastic show
3:14
for sure, and always always really informative as well. So yeah, listen
3:19
back to that at class Financial dot com. As mentioned foul Minds, they're
3:23
open three two one thirteen ten. That's three two one thirteen ten. Gets
3:25
you on there with Malia and CJ. And of course we're going to discuss
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this week saving options for retirement, but also the importance of you know,
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for those who are in a position you want to help out adult children,
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what should we understand about gifting options? CJ. So we do get this
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this question often from a lot of our clients who are parents of adult children.
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They want to know, you know, hey, if I give money
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to my children, is that uh how does that work? Dud? Do
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I pay taxes? Do they pay taxes? Is it a charitable Is it
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like a charitable contribution where I get it to doctor? Can I claim it
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on my itemized deductions? So there's all this question or uncertainty or lack of
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clarity around how that is reported and handled for tax reasons. So that's what
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we're going to talk about today. So let's first begin with defining what is
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considered a gift. The IRS considers any transfer to an individual, either directly
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or indirectly, where the full consideration measured in money or money's worth is not
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received in return. The general rule is that any gift is a taxable gift.
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Let me repeat that last sentence. The general rule is that any gift
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is a taxable gift. However, the vast majority of gifts that are given
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do not end up being taxable because of a number of exemptions or limitations that
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you need to be aware of. And that's what we're going to actually talk
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about today. So the first item being there is a gift tax exclusion for
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federal gift tax purpose, and that amount is currently eighteen thousand dollars per individual
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in the year twenty twenty four. That means that you can gift eighteen thousand
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dollars per person to as many people as you want to with no federal gift
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tax consequences. Now, if you split that gift with your spouse, So
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think I give eighteen thousand dollars maybe to one of my children, and my
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spouse gives eighteen thousand dollars to one child. That could be thirty six thousand
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dollars per individual, again with no federal gift tax consequences. In addition,
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if you stay under the gift tax limit for each recipient, you don't have
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to file a gift tax return for the year. For example, a husband
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and wife with two children could give away a total of seventy two thousand dollars
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a year to them. That's eighteen thousand per person per child, and that
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again has no tax repercussions for the giver or the receiver. And once those
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gifts are made, that money is then removed from your tax estate in your
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lifetime. In twenty twenty four, the max you can give over these limits
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we're talking about, So think of that that you know, eighteen thousand dollars
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to any number of individuals in any calendar year per person. Think of if
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you want to give over that amount. Then there are limits to how much
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you can give during or after life, and that is known as the Federal
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gift tax Exemption amount or the federal gift amount, and that is thirteen point
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six one million dollars per person as of the year twenty twenty four. That
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means twenty seven point two to two million per couple in twenty twenty four.
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So think of it as okay, if I give eighteen thousand dollars to my
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child, no federal gift tax consequences whatsoever. It's just a base exemption amount.
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If I go over that, now I start using up my certificate.
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My certificate as of now is thirteen point six one million dollars. But even
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then, when I start using up my certificate, there's no taxes on that,
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right, so I don't pay tax as the receiver doesn't pay taxes.
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It's only once I get over the thirteen point six one million dollars that I
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would pay any sort of attax. So I hope people are listening closely here,
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because there's so much confusion when we make the statement the general rule is
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that any gift is taxable. People go, who wha, wha, whoa
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whoa. If that's true, then then oh my goodness, we're going to
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pay all this tax. And I go, yeah, that's the general rule.
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But there's all these ways to avoid that tax. Number one being the
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eighteen thousand dollars, and then number two being even if you go over that,
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you have thirteen point six one million dollars that you can give over your
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lifetime or hour after you die. So now couple of alerts here. Alert
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number one. In twenty twenty six, the federal estate and Gift tax exemption
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is scheduled to be cut down, is known as a sunset provision, so
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it would be cut down almost in half to six point eight million dollars per
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individual. So those numbers are pretty high, but they're going to be cut
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in a half in the future if no changes are made to beyond that.
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You should know that if you start giving gifts over the eighteen thousand dollars again,
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as long as it's not over your lifetime exemption amount, you're not going
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to pay tax nor with a recipient. But once you go over that amount,
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you have to actually file this form seven oh nine. Again, you
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don't have to pay taxes just because you're using the form seven oh nine.
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But that Form seven oh nine then is tracking your certificate. Again. Think
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of that as I've got something in my back pocket that says, hey,
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I can give away thirteen point six one million dollars during or after life,
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and once I start going over that eighteen thousand per individual, I have to
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start basically on that form seven oh nine tracking how much I've given during and
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afterlife. Really important stuff there and really important to pay attention to that to
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twenty twenty twenty six change if it does sunset that way. I think for
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a lot of folks they say, well, what you know, twelve millions,
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thirteen million, whatever, but six million you start owning a bunch of
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farm land off ellery. It's right, yeah, you might get into that,
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so really important stuff. As we talked this morning with CJ and Malia.
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CJ colss to Malia Quavis. They are our retirement planning professionals from COSS
9:01
Financial. Love to hear from you this morning. If you've got a question,
9:03
all I got to do is grab your phone and dial six oh eight
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three two one thirteen ten. That's three two one thirteen ten. I'll get
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you right on the air with Malia and CJ. Don't forget. You can
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learn more about COSS Financial. They've got a great website. It's COSS Financial
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dot com. That's k l aa S Financial dot com. You can get
9:20
to know the team at COSS financially. You can learn a little bit about
9:22
their separate divisions, how they can help you or if you're an employer.
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I'm also a great link there to sign up and subscribe to the weekly Market
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Paul snowsletter. Again. That available to you at Cossfinancial dot Com. Their
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telephone number, the office right here in Madison six oh eight four four two
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five six three seven. That first appointment at Coss Financial. It will be
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complimentary to you. It's not going to cost you a thing. Again,
9:41
their telephone number six oh eight four four two five six three seven. We'll
9:46
talk a little bit more about gift tax and what you need to know.
9:48
We'll get the details from Cgenmalia and take your call next as Money in Motion
9:52
with Coss Financial continues right here on thirteen ten WIBA. This is Money in
10:05
Motion with Class Financial, a fun and informative show designed to help you get
10:11
answers to all your retirement questions in one place, talking with our retirement planning
10:15
professionals CJ. Closs and Mali Equavis. They come to us from Class Financial
10:18
their website Cossfinancial dot com. That's k l Aasfinancial dot Com. A fantastic
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website and resource and learn more about Class Financial. Also great opportunity there to
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sign up for the weekly Market Pulse newsletter. Just find the envelope down towards
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the bottom that says stay current and need to sign up there. It's a
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great weekly email of what's been going on in the markets. Also, we'll
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link to the most recent podcast again that available to you at cossfinancial dot com.
10:43
Speaking of things available to you as well, the telephone number six oh
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eight four four two five six three seven, No charge for that initial gets
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to know you have appointment that initial conversation at Coss Financial. It will be
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complimentary to you again their number six oh eight four four two five six three
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seven. Station number six oh eight three two one thirteen ten to get you
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on the air. That's three two one thirteen ten. Talking taxes this week,
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specifically when it comes to gifting options and I think of, you know,
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if I give money to someone Will, then Malie, I have to
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pay a gift tax or what do we need to know? There? Sean
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Will, but no one else. Okay, let's see thanks out there.
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One thing our listeners probably realize as a listen week to week on our show
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as we repeat ourselves a lot. So I'm going to repeat some of the
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things CJ just said so that it kind of sticks in everybody's head. So
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given everything he has just spoken about, likely there will not be a gift
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tax to pay for the person giving the gift because of those high limits.
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However, if there is, the donor is generally responsible for paying that gift
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tax. Under special arrangements, the donee may agree to pay the tax instead.
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But again it's it's very rare. So we want to just kind of
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highlight what can be excluded from gifts. So, as CJ mentioned, the
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general rule is that any gift is a taxable gift, but the exceptions are
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the following. So gifts that are not more than that annual exclusion that we
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mentioned eighteen thousand per individual, that would be the number one. Number two
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would be tuition or medical expenses that you pay for someone. That would be
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the educational medical exclusion that we'll discuss shortly. The next item is gifts to
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your spouse. If they are a US citizen, those are not considered gifts
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money that goes back and forth between spouses. However, if your spouse is
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not a US citizen, they can receive gifts up to one hundred and eighty
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five thousand dollars per year at least for twenty twenty four without needing to report
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the gift, So that is a fluctuating number every year. Another exclusion would
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be gifts to a political organization for its use. And another thing we like
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to highlight over and over again is those gifts that you give to your children
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are not tax deductible, so keep that in mind. It feels like they
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should be. But that's fright right. We should do a show on that
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one of these guys. Yeah, yeah, things that should be with Clausmans
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exactly. Talking this morning with Malia Quavis and CJ. Class Our retirement planning
13:20
professionals from Class Financial phone lines are open six oh eight three two one thirteen
13:26
ten. That's three two one thirteen ten. The website for Class Financial Class
13:28
Financial dot com. That's k l aas Financial dot com and their telephone number
13:33
six oh eight four four two five six three seven. No charge for that
13:37
initial get to know your appoyment tech Class Financial. It will be complementary to
13:41
you again their number six oh eight four four two five six three seven.
13:45
So, Malia, what are some of the benefits of gifting to family or
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other folks? Well, you know, I think sometimes this seems obvious,
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but I think many times people are thinking, well, you know, I'm
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going to live my life and I'm going to leave a legacy be hind for
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my children or grandchildren. And yet we're seeing all around us, you know,
14:05
clients living well into their nineties. And so when they live well into
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their nineties, which is great because many of them are quite healthy, that
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means their children are likely to be in their sixties or seventies. And so
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the point here is, you know, receiving monies. We watch it every
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day, receiving monies in your seventies. We generally are way past even wanting
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to see that money. We've done done okay on ourselves for ourselves, and
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then suddenly there's this inheritance. I actually had a client in her nineties receiving
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inheritance from a sister who passed away, and I can guarantee you we don't
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want to see money in your nineties. It's very frightening. You're like,
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what is this? What is this? So long story short, we really
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think that you know, as you sit down with your financial advisor and they
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map out how you're going to be okay, and that's the number one situation
14:58
here, and make sure you're going to be okay to get yourself through retirement
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well into your eighties and nineties. Let's plan perhaps a gifting strategy, because
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what we see is that if adult children could possibly receive some gifting, if
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they could receive it in their late thirties, forties, or even early fifties,
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that kind of assistance is really going to be much better received because that's
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when they could actually use some of that money. So if you have enough
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resources, as they said, to take care of your own needs, you
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could look at a strategy that could help help them and also perhaps help you
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minimize future estate taxes. So what we do like to point out is that
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if you're going to give a gift to a child, an adult child,
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perhaps it makes sense not to give it the same amount every single year or
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the same time of year, because then there's an expectation, oh, this
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is the month mom and dad send us something, right, And you have
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to remember a gift is gift, which really means you can't tell them what
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to do with it. So that's the other hardship with adults that do that,
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But it really creates this wonderful sense for our clients as they help their
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grandchildren get through nursing school, or maybe help with paying for a private high
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school experience, whatever it might be. They are here to watch that situation
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go through it with them. So the other item I mentioned earlier is educational
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medical expenses, So this is another exception to the eighteen thousand annual gifting limit.
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You can give an unlimited amount to your children for tuition or medical expenses.
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So this would be a situation where you have to pay it directly to
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the educational institution or the medical provider and not send it to the child first.
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So that's a really nice item to be able to help them with and
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really move them along in life. Helping to pay off student loans would not
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count as an exception. Just note that unless you were a co signer on
17:02
the loan. And then and then the final idea for a gifting strategy might
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be adding money to the retirement accounts of your grandchildren or perhaps your children.
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You could offer to make contributions to their retirement accounts as soon as they have
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taxable earned income. So right now, the annual contribution limit to a roth
17:23
IRA, for example, is seven thousand dollars a year or a traditional IRA
17:27
for those under fifty, So you can contribute or they up to seven thousand
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annually or one hundred percent of their earned income, which is whichever is less.
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So what a nice thing. Maybe they're starting out, they're making,
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you know, twenty thousand dollars a year and they can't really put money away
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for themselves. They're younger, you could actually help fund a retirement account for
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them, as long as they have the earned income to back that up.
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So there's so many ways to help your family members now versus much later.
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What a great way to jump start and encourage saving as well. That is
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a great opportunities. Who talked this morning with Malia Quavis and CJ. Colss.
18:08
They are our retirement planning professionals from Coss Financial. Really easy to get
18:12
a hold of them. Six oh eight four four two five six three seven.
18:15
That's the office right here in Madison. No charge for that initial gets
18:18
to know you appointment at Coss Financial. It will be complimentary to you again
18:22
their number six oh eight four four two five six three seven. The website
18:26
coss financial dot com that's k l aas Financial dot com. Get to know
18:30
the team at Coss Financial. Learn a little bit more about their separate divisions,
18:33
and of course sign up for that weekly Market Pulse newsletter, all available
18:37
online at Cossfinancial dot com. We'll continue your conversation with Cjenmalia. We'll talk
18:41
about trusts. It's going to be a great segment, trust me. We'll
18:45
do that next as Money in Motion with Coss Financial continues here on thirteen ten
18:48
wib A. This is Money in Motion with Klassan a fun and informative show
19:02
designed to help you get answers to all your retirement questions in one place.
19:06
Chatting with our retirement planning professional CJ. Closs and Malia Quavis of Klass Financial.
19:10
The website class Financial dot com. That's Coss k l aas Financial dot
19:15
com. Great website there, Telephone number six O eight four four two five
19:18
six three seven. No charge for that initial gets to know you appointment at
19:22
Coss Financial. It will indeed be complimentary to you again their number six oh
19:26
eight four four two five six three seven. Hold on to that number as
19:29
well. Coming up a little bit later on in the segment, we'll do
19:30
our Class Quiz Question the week, chance for you to win a fantastic prize,
19:33
a twenty five dollars gift card to Best Buy Again that coming up a
19:37
little bit later on in this segment talking this week about gifting and and some
19:41
of the gifting guidance that's out there, and what about CJ using trust to
19:48
make gifts. Yeah, this can be another great way to think about gifting
19:53
when you don't want the money to maybe go directly to the individual right away,
20:00
but you wanted to want to get money outside of your state. Now
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I should mention we are not estate planning planning attorneys. We do not draft
20:07
legal documents, so you would ultimately need to work with your estate planning attorney
20:12
on anything we're going to discuss here. But think think about this. Different
20:18
ways to give gifts would be that you could fund a trust while you're living,
20:22
So beyond making tax free gifts, individuals and couples can use other estate
20:27
planning tools, such as specialized trust to make gifts during your lifetime. The
20:33
advantage of doing this is that you're able to shift future appreciation on quickly appreciating
20:38
assets to the next generation. So again let's go back to the basics here
20:45
that the general rule of thumb is that any gift is a taxable gift.
20:48
However, you can give eighteen thousand dollars per individual on an unlimited basis per
20:53
year without any tax to you or the recipient. You can also give like
20:59
thirteen points sixty one million dollars during and after your lifetime without any tax to
21:03
you or the recipient. Now again, be cautious everybody, because sometimes people
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go, oh great, So if I die, my ira goes to my
21:10
children with no tax. No no, no, no no no. That
21:12
is a different, different tax. If you have a pre tax retirement account
21:15
and you die and that money goes to your children, it will still be
21:19
part of that lifetime exemption amount of thirteen point six one million dollars, but
21:23
it will have no extra tax besides the tax of the fact that it was
21:27
a pre tax retirement account. So be cautious of those items. But now
21:33
we start thinking about, well, goodness, what if I am fortunate enough
21:36
to be over these exemption amounts. Sean you mentioned earlier a farmer. Often
21:41
farmers don't think of themselves as very wealthy because they might only have a couple
21:45
hundred thousand of liquid assets. But then when you start looking at their farm
21:48
land and all the appreciation of the generations over the years, they can be
21:52
sitting on twenty thirty forty million dollars worth of raw land, and they don't
21:57
know this often until they die, at which point Uncle Sam comes a knock
22:02
in and they say, we need a federalist at tax amount on this physical
22:07
land that is worth more than the lifetime exemption amount. So here's what some
22:12
people will do. They'll say, well, I don't want that to happen
22:15
for obvious reason. I don't want to have to sell land or sell a
22:19
stock or whatever it might be, because during and after life, I'm giving
22:22
more than these exemption amounts. So they will fund trusts. You can use
22:27
versions of irrevocable trust to put money in there, and when you put the
22:32
money in, that is using up, by the way, a part of
22:34
your lifetime exemption amount. So think of it as like I'm putting a gift
22:37
into this irrevocable trust, so I have to make a notation on my certificate.
22:42
But any appreciation of what I put into that irrevocable trust, land,
22:48
stock, whatever it might be, is now happening outside of my estate.
22:52
So often people who have growing estates will do this early on to try to
22:56
get the growth outside of their estate. Another way to do this is through
23:02
a grant or retained annuity trust known as a grat granted retained annuity trusts,
23:06
or what we call split interest trusts, in that you get some kind of
23:11
benefit along well, you get the growth outside of your estate. So anything
23:15
you put in there, just like I was mentioning before, the growth happens
23:18
outside of your estate. But the split interest component is that you're actually able
23:22
to get some income off of that. So it's the split interest between you
23:27
and the next generation. There's a lot more technicality in that, but I'm
23:30
going to keep it at that high level for now. There's other forms of
23:36
gifting that could have some more immediate benefits, So think of doing outright charitable
23:41
gifts to five oh one c three organizations. So we mentioned when you give
23:45
money to your children, you've got to try to stay under that eighteen thousand
23:49
dollars number, or if you're going to go over it, file that certificate
23:52
and then don't give more than thirteen point six during your lifetime. But generally
23:56
speaking, as long as you stay under those numbers, there's no tax consequences
24:02
and no tax benefits. However, when you give a charitable gift, it
24:07
could be part of your itemized deductions, and so if those itemized deductions get
24:11
large enough and they're over your standard deduction, you could actually get a tax
24:15
benefit for giving money to charities. We have done entire shows on this concept
24:19
of utilizing a donor advised fund. Donor advise funds or dafts for short,
24:26
are these really cool mechanisms where you can put money into the donor advice fund
24:30
in a really large chunk. So think of it as doing ten years worth
24:34
of gifts into a donor advice fund. By doing so, this is called
24:38
tax bunching. You're getting way over the standard deduction and getting a benefit for
24:42
those gifts. And then the donor advice funds holds your dollars so that you
24:48
can give out of it to the final ending charities over the next decade.
24:52
So it's this really cool tool that allows you to do what's called tax bunching.
24:59
Anybody's listening in their head is spinning, going what is tax bunching?
25:02
What is he talking about? Call our office, call your accountant or a
25:06
financial advisor, and they can explain to you what it is that I'm talking
25:07
about. Talking this morning with CJ. Cossimally, Ecuavis our retirement planning questions
25:11
from Class Financial the website COLSS financial dot com. That's k l aas Financial
25:17
dot com and they're telephone number six. So eight four four two five six
25:21
three seven. I know there's a lot of other options. I know there's
25:23
a couple of that we really want to touch on before the other program Are
25:26
there CJ Yeah. Final two ways to give gifts in a charitable fashion,
25:33
but now utilizing a trust again would be what's known as a charitable lead trust.
25:37
So a charitable lead trust may allow a charity to receive the income generated
25:41
by the assets held in the trust, and the value of the assets placed
25:45
in the trust is removed again from your taxable estate after a set time,
25:51
the trust distributes the remaining assets to the trust beneficiaries. Another form of this
25:56
is a charitable remainder trust. This trust is similar to a charitable lead trust,
26:00
but it operates in the reverse. The donor or beneficiaries receive income from
26:04
the trust for a set amount of time, and the assets remaining at the
26:07
end of the term are distributed to one or more charities by the donor.
26:11
The donor receives a charitable deduction based on the present value of the remaining interest
26:17
that will go to the charities upon the donor's death. The value of the
26:21
remainder interests going to charities excluded from the grantur's estate for a state tax purposes.
26:26
So again, charita remainder trust can often be referred to as a split
26:29
interest trust. Again, listen, what I just went through here in this
26:33
last section is awesome stuff. For any estate planning attorney. They'll be like
26:37
great and woa, wo woe. So the great is these are wonderful tools
26:44
that people on the air and around the country should be aware of. But
26:47
the woe, woe, woe is man. The complexity and the kind of
26:52
IRS oversight over these is really significant. So this is not a go out
26:57
and google it and do it. This is a wow, these are really
27:02
interesting. I should go sit down with my estate planning attorney. So hopefully
27:06
we have kind of peaked your interests for those that might have a taxable estate
27:10
in the long run. And the conclusion should be talk to your advisor and
27:12
talk to your attorney. Fantastic guidance as always. CJ. Closs and Malia
27:17
Quavis, our retirement planning professionals from Class Financial. The website for Class Financial.
27:22
It is class financial dot Com spelled k l aas Financial dot com.
27:26
Great website to learn more about Class Financial. Also an opportunity there to sign
27:30
up for the weekly Market Pulse newsletter. Again that available to you at classfinancial
27:33
dot com and their telephone number six oh eight four four two five six three
27:38
seven. Do not forget no charge for that initial gets to know your appointment
27:41
at colass Financial. It will be complimentary to you again their number six oh
27:45
eight four four two five six three seven. You want to hold on to
27:48
that telephone number now as well, because it's time for the Class Quiz Question
27:52
of the week. It works like this. In just a moment, I'll
27:53
ask you the class Quiz question the week. You will then have thirty minutes
27:56
from the today's program to call the Class Financial office right You're in Madison at
28:00
six oh eight four four two five six three seven. If you are the
28:03
first call with correct answer will win this week's prize, which is a twenty
28:07
five dollars gift card to best buy. This week's coss quiz question the week
28:11
is this how much is the gift tax limit in twenty twenty four? Is
28:17
it fifteen thousand dollars or eighteen thousand dollars per person. Telephone number six oh
28:22
eight four four two five six three seven. First call with correct answer won
28:26
that twenty five dollars gift card two Best Buy. And again that's Coss Financial's
28:30
office right here in Madison, that number six oh eight four four two five
28:33
six three seven. C. J. Malia, It's always great hanging out
28:37
with both of you guys. Enjoy this most beautiful of days. Thank thanks.
28:41
We're going fishing next here on thirteen ten WIBA. This is Money in
28:49
Motion with Coss Financial Asset Advisors, LLC, a registered investment advisor registered with
28:56
the SEC. The content of this show is for informational purposes only and should
29:02
not be considered individual investment advice. Class Financial does not offer tax or legal
29:07
advice. Any opinion offered during the course of this show is the opinion of
29:11
that particular investment advisor representative, and not necessarily the opinion of Coloss Financial