How can rising wedding costs impact your long-term financial stability and retirement prospects?
In this episode, Trey and Yelisey break down the booming wedding industry and reveal how its rising costs directly affect retirees. They explain the opportunity cost behind big gifts, why delayed marriage intersects with retirement planning, and how to provide support without sacrificing long-term financial security. From tax strategies to family dynamics, this episode will help you navigate major life-event expenses with clarity and confidence.
What you’ll learn in this episode:
(00:26) How delayed marriage trends are causing more retirees to fund weddings during their retirement years.
(02:24) Why gifting $10,000–$30,000 has a far larger long-term impact once opportunity cost and compounding are considered.
(03:34) How wedding venue choices and guest counts drastically influence total costs.
(07:50) Which financial accounts to draw from first when helping pay for a wedding.
(08:18) How the annual gift tax exclusion works.
(12:45) Why transfers of appreciated stock can sometimes be a smarter gifting strategy than giving cash.
(14:55) How timing withdrawals across multiple tax years may reduce the tax burden of a large wedding gift.
(15:33) Why giving during life differs financially from gifting through inheritance due to step-up in basis rules.
(21:55) When helping to fund a wedding, why it’s often best to give the money without any strings attached.
Learn more about Trey C. Peterson, Yelisey Kuts, and All Things Financial: https://atfwealth.com
Subscribe to the podcast:
Apple Podcasts: https://podcasts.apple.com/us/podcast/id1728281696
Spotify: https://open.spotify.com/show/2iIDj87XpGTlEl9Qiu6wwi
YouTube: https://www.youtube.com/@allthingsfinancialshow?sub_confirmation=1
Trey C. Peterson and Yelisey Kuts provide an extensive level of knowledge and service in areas concerning retirement strategies, including tax strategy, investments, estate planning, life and long-term-care insurance, Social Security, and Medicare. A one-stop shop for all your retirement needs, visit https://atfwealth.com to learn more!
Have questions about retirement planning or other financial topics? Email Yelisey and Trey, and your topic might be featured in a future episode! Don't forget to leave a review and share this podcast with anyone looking to boost their financial knowledge.
Schedule a meeting with us:
Trey C. Peterson: trey@atfwealth.com
Yelisey Kuts: yelisey@atfwealth.com
Phone: (612) 286-0580
Contact us: https://atfwealth.com/contact-us
Trey C. Peterson is a Retirement Planning Specialist with All Things Financial. Trey is a graduate of Oral Roberts University with a degree in Corporate Communication. He is currently pursuing his master’s degree in leadership. He is also a graduate of The National Institute of Christian Leadership.
Yelisey Kuts is a Fiduciary Wealth Advisor with All Things Financial. He holds a master’s degree in business from Oral Roberts University. Aside from being a financial advisor, Yelisey has taught classes on a wide range of retirement topics since 2015.
At All Things Financial, our mission is simple—help individuals and families create lasting financial freedom. We take a personalized, strategic approach to every plan, aligning it with your goals, values, and vision for the future. https://atfwealth.com
This episode was produced by Story On Media: https://www.storyon.co/
