A little known tax benefit for surviving spouses

You probably already know that when someone passes away, their heirs get a stepped-up cost basis on the taxable investments they inherit, like stocks and real estate. But what happens to assets that both spouses own jointly with a right of survivorship, when one spouse passes away? Not knowing this could cause you to over pay on your taxes.

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A lesson learned from NOT buying Twitter when they went public

 

A lesson learned from NOT buying Twitter when they went public! In November 2013 I did a video, just like this one, telling everyone NOT to waste their time buying twitter. A couple of months later I got a message from someone who had just seen the video…making fun of me for not buying twitter at $45 when it went public, because it was now trading at $74. You might be surprised at how things have turned out so far. Note: The day after we recorded this video Twitter jumped 35%. But the results still haven’t changed much.

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