Gifting at 88, Deferred Comp Defaults, and 100-Year Families

An 88-year-old mother wants to start gifting to her grandchildren now, while she's still around to see it. The complication is fifty years of embedded gains in one brokerage account, and a question about whether lifetime gifting quietly sacrifices the step-up at death. Stephan works through the textbook answer, the realistic answer, and where the two diverge.

A 51-year-old executive has been defaulting to lump-sum-at-separation on his deferred comp elections every November without thinking much about it. With another decade of work ahead and a meaningful balance accruing, this segment walks through what's actually at stake, why the default is almost always the worst choice, and what to evaluate before this year's window closes.

Then in From the Field, Dennis Jaffe joins the show. Dennis is an organizational psychologist and one of the world's leading researchers on multigenerational family enterprises. After interviewing 100 families across 22 countries that have thrived past their third generation, Dennis shares what actually makes wealth and values endure across generations, why the ""three-generation curse"" is largely a myth, and how successful families evolve from a single entrepreneur into a cooperative community.

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The information provided in this podcast is for general informational and educational purposes only, and is not intended to constitute financial, investment, or other professional advice. The opinions expressed are those of the hosts and guests and do not necessarily reflect the views of any affiliated organizations. Investing in financial markets involves risk, including the potential loss of principal. Past performance is not indicative of future results. Before making any investment decisions, you should consult with a qualified financial advisor who can assess your individual financial situation, objectives and risk tolerance. Thanks for listening!