Latest / Financial Revelations - Sin of Retirement™
War, Energy Prices, and Stepped-Up Basis
Welcome to Financial Revelations with David Szafranski!
📘 Check out my book The Sin of Retirement — available at sinofretirement.com and on Amazon. Merchandise is also available on the website.
This week we originally planned to go deep into stepped-up basis, but with war breaking out over the weekend, there are bigger immediate issues to discuss.
What Is Stepped-Up Basis?
Stepped-up basis is a tax provision that resets the value of an inherited asset — like stocks, real estate, or a business — to its fair market value at the time of the original owner's death.
That means heirs may avoid…
The skinny
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