THE FINANCIAL COMMUTE
Hosted by Wealth Advisor Chris Galeski, THE FINANCIAL COMMUTE is a weekly podcast that gives the rundown on what's going on in the current market, how it affects you, and what you can do about it – all designed to fit into your commute. Each week Chris welcomes an expert guest, including Morton Wealth advisors, fund managers, and investment analysts, to break down complex financial topics. Our goal for this podcast is to provide you with the tools to help you navigate this challenging environment, leading to a path of more confident investing.
THE FINANCIAL COMMUTE
The Real Cost of Gifting Money to Your Children
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Giving money to your children is one of the most generous things a parent can do. It’s also one of the most consequential. And the consequences aren’t always the ones you planned for.
In this episode of Couchside Conversations, Stacey McKinnon and Chris Galeski walk through what actually happens when families transfer wealth without a plan, the five mistakes they see most often, and what it looks like when families get it right.
Tune in if you're thinking about...
- Whether you can afford to give and how much is actually safe to gift right now
- What happens when you treat children equally instead of equitably
- How to give without quietly creating dependency or resentment
- Whether to tell your kids what they'll eventually receive, and when
- Whether the real risk is the money itself, or the silence around it
To watch this episode or read the transcript, visit our website here.