Ages 60-70

At this stage in life, some of the financial issues you may find yourself dealing with are:

  • More serious estate and wealth-transfer planning
  • Understanding the transfer-tax system
  • Learning about wealth-transfer techniques
  • Active financial planning
  • Increasing cash flow-charitable gift planning helps minimize taxes
  • Shifting to income-producing assets
  • Assisting children with debt through annual gifts
  • Assisting grandchildren with education expenses
  • Concern with the financial future of the next generations
  • Using trusts and wealth-transfer strategies to achieve goals
  • Taking advantage of charitable trust issues to optimize family wealth transfers and maximize tax benefits

For the charitably inclined, certain types of gifts can provide solutions to tax issues: Click here to read more.