WCI #422: Parents, Children, and Relationships When Money Gets Involved

Today we are answering questions about finances and family members. We talk about when it is the right time to kick your kids of your car insurance, what to do when you are supporting your parents financially, how the gift tax works when your parents are giving you an early inheritance, what to do when you have a wildly overfunded 529 and lots of other questions that have to do with parents, children and relationships when money gets involved. We’re halfway through the year, and while vacation mode is great, it’s also the perfect time to review your tax strategy. Cerebral Wealth Academy has opened enrollment for “The Doctor’s 4-Week Guide to Smart Tax Planning”, available through June 30. As the spouse of a physician and founder of Cerebral Tax Advisors, Alexis Gallati created a course designed for medical professionals with a side gig, locum tenens, or private practice. It includes 22 video lessons covering business entity setup, maximizing deductions, retirement planning, advanced tax strategies, and monthly live Q&A sessions with Alexis herself. White Coat Investor podcast listeners can use code WCISUMMER200 for a $200 discount. Visit https://cerebralwealthacademy.com to learn more. The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor is for you! Main Website: https://www.whitecoatinvestor.com  YouTube: https://www.whitecoatinvestor.com/youtube  Student Loan Advice: https://studentloanadvice.com  Facebook: https://www.facebook.com/thewhitecoatinvestor  Twitter: https://twitter.com/WCInvestor  Instagram: https://www.instagram.com/thewhitecoatinvestor  Subreddit: https://www.reddit.com/r/whitecoatinvestor  Online Courses: https://whitecoatinvestor.teachable.com  Newsletter: https://www.whitecoatinvestor.com/free-monthly-newsletter