[DCBryan1]

Also, if you have "too much money" you can gift TAX FREE up to $15,000.00 per person (30k husband/wife) to your children, an LLC (not to yourself), a charitable trust, etc.

If you REALLY, REALLY have too much money, you can give a one time amount of over $11,000,000.00, of course, of which, you will be calling me as your broker. ....and Biden wants to lower that to $1,000,000.00.....which will destroy farms and small businesses as their fields, crops, livestock, equipment, and brick and mortar stores are worth more that 1mm today.

Source: https://smartasset.com/retirement/gift-tax-limits

[SamAdams76]

Also, if you have "too much money" you can gift TAX FREE up to $15,000.00 per person (30k husband/wife) to your children

I think I learned that while watching the Shawshank Redemption!

Seriously though, I've spent much of the past year reading up on all these retirement "catches" and regulations as I'm finally coming into the part of my life where retirement is a viable option.

There is a lot to know!

[GOPJ]

https://smartasset.com/retirement/gift-tax-limits

Thanks for the link.

[TexasGator]

Read the article.