Posts by Christy Pedersen

One of the more confusing areas for clients wishing to share financial gifts with their children and grandchildren is taxes. When it comes to gifts, there are two relevant tax systems: gift taxes and income taxes. While most gifts are not taxable to the recipient, gifts of appreciated assets do come with embedded gains that would trigger…

Often as clients get closer to retirement, they find themselves “visiting their money” (checking their account balances) much more often. They pay more attention to the financial news and call their JMG financial advisor more often to ask if they should be raising more cash and getting out of equities. I get it – going from a…