Episode · ChooseFI · 2026-09-07
Books mentioned on 616 | How Should You Give Money to Your Kids? | 529s, UTMAs, Trump Accounts & More
Most parents rush to open 529 plans for newborns, convinced they're building their child's future. But here's what financial experts won't tell you: that decision might be destroying more value than it creates.
Brad Barrett recommended Tax Planning To and Through Early Retirement by Cody Garrett and others, and discussed Die with Zero by Bill Perkins.
Books mentioned, in the order they came up
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Die with Zero
Die with Zero by Bill Perkins is a provocative financial and lifestyle philosophy book that challenges conventional wealth accumulation by encouraging people to optimize their life experiences and spend or distribute their money while they are still alive.
Discussed“And in that book, the author Bill Perkins talks about exactly this, gifts to your children. And it's like, do you wait to do this until you've passed and it goes through your state when maybe you're in your 90s and your kids are in their 70s.”
Where to get it
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Tax Planning To and Through Early Retirement
This practical finance book provides actionable strategies for managing wealth and taxes leading up to and during retirement.
Recommended“As we mentioned, your book, tax planning, two and through early retirement, it's incredible. It's hard stop to end a story. I think it's pretty hard to make a book about tax planning really interesting and compelling and a must read.”
Where to get it
Other mentions in this episode (1) — ad reads, self-promotion and passing references, never counted
“Sean and I recently wrote that book, Tax Planning, Two and Through Early Retirement. And there's two chapters focused on giving gifts to family, including minor children as well.”