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Looking for a last-minute gift option other than a gift card or cash? Gifting stocks could be the solution. Safran Wealth Advisors certified financial planner Erika Safran sits down with Brad Smith to discuss what you need to know about gifting stocks.
"The easiest way to gift stock is to transfer securities from your account into the account of the person you want to give it to," Safran says. She notes, "If they don't have an account, it'd be really wise if they set up a brokerage account somewhere, and the ideal way would be for them to have a brokerage account in the same place you do."
The financial planner breaks down the tax implications, or lack thereof, for gifting stocks this holiday season.
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2024/12/23
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