Elizabeth Ayoola

This episode, we're talking with Kay, a listener with some questions about how to gift savings bonds and how to prepare for retirement. Kay, welcome to this segment of Smart Planning.

To answer Kay's questions, I'm joined by Barbara Ginty, a certified financial planner professional and host of the Future Rich podcast. Welcome to Smart Money, Barbara.

To answer Kay's questions, I'm joined by Barbara Ginty, a certified financial planner professional and host of the Future Rich podcast. Welcome to Smart Money, Barbara.

To answer Kay's questions, I'm joined by Barbara Ginty, a certified financial planner professional and host of the Future Rich podcast. Welcome to Smart Money, Barbara.

So Kay, to start, I would love to hear about how you feel about your finances. If you could describe your financial situation in one word, what would it be and why?

So Kay, to start, I would love to hear about how you feel about your finances. If you could describe your financial situation in one word, what would it be and why?

So Kay, to start, I would love to hear about how you feel about your finances. If you could describe your financial situation in one word, what would it be and why?

That is great to hear. Why do you feel that way?

That is great to hear. Why do you feel that way?

That is great to hear. Why do you feel that way?

That does sound very stable to me. Can you go a little bit more in depth into your financial life generally? Where do you think you might still have some room for improvement, even though things feel stable and pretty good overall?

That does sound very stable to me. Can you go a little bit more in depth into your financial life generally? Where do you think you might still have some room for improvement, even though things feel stable and pretty good overall?

That does sound very stable to me. Can you go a little bit more in depth into your financial life generally? Where do you think you might still have some room for improvement, even though things feel stable and pretty good overall?

So you wrote into us with a question about gifting savings bonds. Tell us about that.

So you wrote into us with a question about gifting savings bonds. Tell us about that.

So you wrote into us with a question about gifting savings bonds. Tell us about that.

I am wondering about something that no one really wants to talk about, which is taxes. Barbara, would Kay or the nephew be on the hook for any taxes when this gift is given?

I am wondering about something that no one really wants to talk about, which is taxes. Barbara, would Kay or the nephew be on the hook for any taxes when this gift is given?

I am wondering about something that no one really wants to talk about, which is taxes. Barbara, would Kay or the nephew be on the hook for any taxes when this gift is given?

And where might the taxes arise?