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Tax-Smart Inheritance Planning
Trivia: What gas makes up the largest share of Earth’s atmosphere by volume?
RetireHub
October 06, 2025
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Rise and shine, RetireHub community! ☀️ Your Monday newsletter is here!
Today we’re sharing smart tips on Tax-Smart Inheritance Planning, along with the best deals, fun trivia, and more!
Top Deals From Around The Web
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Buying Cannabis Online Is Now Legal, And Incredibly Convenient
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What We’re Reading
Get these e-book deals before they’re gone.
 | By: Larissa Hommes Sage Dawson loves spending Christmas in Mistletoe Meadows. But when a charming stranger kisses her on Christmas Eve, she realizes her favorite holiday might be missing one thing—romance. As the town’s weeklong celebration draws them together, their once-a-year encounters blossom into something real. Can a holiday spark turn into forever? |
On this day in 1927 The Jazz Singer premiered in New York City, making history as the first feature-length film with synchronized spoken dialogue—ushering in the era of “talkies” and changing cinema forever. Audiences were stunned to hear Al Jolson say, “You ain’t heard nothin’ yet!”—and indeed, they hadn’t!
Tax-Smart Inheritance Planning: Protecting What You Pass On
When it comes to planning your legacy, it’s not just about who gets what—it’s also about how much they actually receive after taxes. With careful preparation, you can minimize the tax burden on your heirs and ensure your hard-earned assets make the biggest possible impact for the people and causes you care about.
Understand the Basics
The federal estate tax currently applies only to estates exceeding $13.6 million (as of 2024), so most families won’t owe it. But other taxes can still chip away at your legacy—like capital gains, income taxes on retirement accounts, or state-level inheritance taxes. For example, if your heirs sell a home or stocks they inherit, they could face capital gains taxes unless the estate planning accounts for step-up in basis rules.
Common Assets to Plan For
Real Estate: Passing down a house may seem simple, but how it's titled matters. A living trust can avoid probate and simplify the transfer.
Retirement Accounts: IRAs and 401(k)s are subject to required minimum distributions (RMDs) for beneficiaries, often taxed as ordinary income.
Life Insurance: Proceeds are generally tax-free, but may still be included in your estate unless properly structured.
Smart Strategies
Use a Trust: Revocable or irrevocable trusts can help avoid probate, maintain privacy, and offer more control over how and when heirs receive assets.
Give While Living: You can gift up to $18,000 per year (2024) per person tax-free. Lifetime giving can reduce your taxable estate and let you enjoy seeing your gifts in action.
Roth Conversions: Converting traditional IRA funds to Roth IRAs spreads the tax burden over time and may leave heirs with tax-free income.
Charitable Giving: Donor-advised funds or charitable remainder trusts allow you to support causes you love while gaining tax benefits.
🧠 The Bottom Line
Even if your estate is modest, having a plan can save your loved ones from costly headaches and unnecessary taxes. Working with a trusted financial advisor or estate attorney can help you align your wishes with smart tax planning.
How Prepared Are You for Inheritance Planning? |
Yesterday’s Poll Results: Have You Tried an Adaptive Fitness or Sports Program?
Looks like our readers are a wonderfully mixed batch when it comes to canning and preserving! About 28% of you have been doing it for years—jars, labels, and all. Another 16% have dipped your toes in and enjoyed it, while 11% are eager to learn, which makes us think a how-to guide may be in order! Some folks (12%) love the idea of it but find it a bit intimidating (totally understandable), and a solid 30% gave it a polite “nope—not for me!” No matter where you land, we love hearing how you connect (or don’t!) with this time-honored tradition. Thanks for chiming in—your answers help us stir up future content that’s just your flavor.
TOP COMMENTS
“I put my sneakers and just walk out the door Easiest way to get in some exercise. ”
“All of 2024 I walked briskly for 2 to 3 miles a day, but at the beginning of 2025 my right hip and left knee began hurting (arthritis); I had my right knee replaced a few years ago because it kept swelling and making simple tasks next to impossible. I don't want to replace my hip/left knee until (or if) they get worse, so I only walk a mile twice a week now.”
“We're working on several DIY projects around our property. We also are going to return to the Y, using the swimming pool.”
Paint Smart, Not Expensive: Budget-Friendly Oil Painting Tips
Painting with oils doesn’t have to break the bank—there are clever strategies to keep creativity alive without emptying your wallet. One key tip is to make your own gear: simple easels, DIY painting boxes, or repurposing existing supplies can save a lot. Smaller canvases, MDF panels, or offcuts (properly primed) are often far cheaper than full stretched canvases.
Another way to stretch your budget is by choosing fewer, better materials. Using a basic palette of primary colors plus white—or repurposing good student-grade paints—forces you to learn mixing and keeps your supply list short. And quality brushes matter: investing in a few well-made bristle brushes and caring for them properly (e.g. cleaning with kerosene or white spirits) can extend their life.
Finally, lean into free or low-cost learning tools: YouTube tutorials, Pinterest inspiration, and affordable classes are all great ways to build skill without added expense. Over time, being deliberate with materials and practices helps you paint with more purpose—and prevents financial stress from crowding out creative joy.
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Slang Phrase of the Day
Phrase: Millennial pause
Meaning: The millennial pause refers to the brief moment of hesitation many millennials unconsciously make before they begin speaking in a video recording—especially noticeable on platforms like TikTok or Instagram Stories. It’s a split-second delay caused by years of using older phone cameras that required a beat before recording actually began. Gen Z, who grew up with faster tech, tend to jump right into speaking, making this pause a generational giveaway.
In a sentence: “I saw my granddaughter filming a video and jumping right into her story, no hesitation—meanwhile, I still do that little millennial pause at the start like I’m waiting for a camcorder to catch up!”
Good News of the Day
Dog Becomes Unexpected Uber for Baby Koala—Heartwarming Moment in Australian Yard
Steve Lamplough was startled when he heard barking outside his home—but what he discovered was even more astonishing: his golden retriever, Denni, was giving a piggyback ride to a baby koala joey. The toddler marsupial clung to Denni’s back as the dog trotted lightly around the yard, seemingly content in its odd conveyance. Lamplough gently removed the koala and placed it in a nearby tree, and moments later its mother returned—reunited and safe.
The remarkable interspecies encounter melted hearts online, with photos of the unlikely duo going viral. What made it even more touching was the sense of trust and calm between the animals: the joey didn’t appear afraid, and Denni didn’t flinch under her delicate passenger. It’s a reminder that sometimes kindness—or curiosity—can bridge species boundaries in the sweetest ways.
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RetireHub Trivia
Want more trivia? Play our “Nostalgia Trivia Game” on our site! We add fresh questions daily, so there’s always something new to test your knowledge.
Not into trivia? No worries! We’ve got plenty of other fun games to enjoy, like:
What gas makes up the largest share of Earth’s atmosphere by volume? |
Who hosted The Smothers Brothers Comedy Hour (1967–1969) on CBS? |
What is the smallest sovereign nation in the Americas by land area? |
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