In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss how to harness the power of step-up in basis when it comes to inheritance. A basis is the original investment into something and can be a big tax strategy as a step-up in inheritance. Listen in to learn about the tax advantage inheritors get when capital gains on investments are erased when you pass away. You will also learn the importance of having a conversation with a financial professional to evaluate the risk associated with holding one investment for basis purposes. In this episode, find out: Basis – your original investment into something and why it’s important when talking about a step-up in inheritance.Step-up in basis – the tax advantage inheritors get when capital gains on investments are erased.Why the step-up in basis could be an excellent wealth transfer strategy for long-term investments.The importance of having a conversation with your financial advisor to evaluate the risk associated with holding one investment. Tweetable Quotes: “Comprehending the concept of step-up in basis holds significant importance in navigating inheritance matters, such as stocks or properties. It can emerge as a strategic consideration even prior to the actual inheritance event.”- Murs Tariq Resources: If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement! To access the course, simply visit POMWealth.net/podcast.