Jazz Wealth

Joint Brokerage Account vs. Individual Account With Spouse as Beneficiary: What's the
Difference?
Choosing between a joint brokerage account and an individually held account with
your spouse named as beneficiary may seem like a small decision — but it can have meaningful
tax implications when an asset is passed on. In this video, Dustin Tibbitts, Wealth Advisor of
Jazz Wealth walks through how the step-up in basis works differently depending on account
titling,and why that distinction matters for surviving spouses.
The views expressed herein are those of the author and do not necessarily reflect the views of
Steward Partners or its affiliates. All opinions are subject to change without notice. Neither the
information provided, nor any opinion expressed constitutes a solicitation for the purchase or
sale of any security. All investing involves risk, including the potential loss of principal. Past
performance is not indicative of future results. Please consult with a qualified financial, legal, or
tax professional before making any financial decisions. Steward Partners, its affiliates, and its
Wealth Advisors do not provide tax advice.
This content is for informational and educational purposes only and should not be considered
tax, legal, estate planning, or investment advice or a recommendation. The tax treatment of
brokerage accounts, including step-up in basis rules, depends on factors such as account
ownership structure, state law (including community property considerations), titling, and
individual circumstances. Examples provided are simplified and for illustrative purposes only
and may not reflect actual outcomes. A full step-up in basis is not guaranteed in all situations,
including certain jointly owned accounts, and tax consequences may vary. Decisions regarding
account ownership, beneficiary designations, and transfer-on-death (TOD) arrangements should
be made in coordination with qualified tax and legal professionals.

We'll see you tomorrow at 4pm 🥳

What we expect your reaction to be when the Closing Beat music hits tomorrow 😂

Have you heard that the Closing Beat returns?

Dustin all weekend thinking about the Closing Beat returning Monday-Thursday at 4pm!

That feeling when the Closing Beat returns on Monday!

529 vs. Custodial Account vs. Brokerage Account: How to Save for Your Child's Future

The views expressed herein are those of the author and do not necessarily reflect the views of
Steward Partners or its affiliates. All opinions are subject to change without notice. Neither the
information provided, nor any opinion expressed constitutes a solicitation for the purchase or
sale of any security. All investing involves risk, including the potential loss of principal. Past
performance is not indicative of future results. Please consult with a qualified financial, legal, or
tax professional before making any financial decisions. Steward Partners, its affiliates, and its
Wealth Advisors do not provide tax advice.

This content is for informational purposes only and does not constitute personalized
investment, tax, or legal advice. 529 plans, custodial (UGMA/UTMA) accounts, and brokerage
accounts have different features, limitations, tax implications, and levels of control that may not
be suitable for all individuals. 529 plans are intended for qualified education expenses; non-
qualified withdrawals may result in taxes and penalties. Investors should consider factors such
as investment options, performance, fees, flexibility, contribution limits, and available federal
and state tax benefits. State-specific benefits may apply only to in-state plans, so investors
should evaluate their home state’s treatment. Custodial accounts are irrevocable gifts, and
control transfers to the beneficiary at the age of majority with no restrictions on use. Brokerage
accounts remain under the owner’s control but may involve tax consequences when
transferring assets. Tax treatment varies by individual circumstances and should not be relied
upon without consulting a qualified professional. Any references to future outcomes or
beneficiary behavior are speculative. Each option involves trade-offs between control,
flexibility, and intended use, and should be evaluated with a qualified advisor.

How Dustin feels about the Closing Beat returning on Monday! 🥳

That feeling when the closing beat returns on Monday!! 🥳🥳🥳

Tech's taking a break… but is that a problem? We break down what's happening
inside the S&P 500's biggest sector.), TSP, or IRA, this video explains exactly why and what to
potentially expect looking forward!

The views expressed herein are those of the author and do not necessarily reflect the views of
Steward Partners or its affiliates. All opinions are subject to change without notice. Neither the
information provided, nor any opinion expressed constitutes a solicitation for the purchase or
sale of any security. All investing involves risk, including the potential loss of principal. Past
performance is not indicative of future results. Please consult with a qualified financial, legal,
or tax professional before making any financial decisions. Steward Partners, its affiliates, and
its Wealth Advisors do not provide tax advice.

This content is for informational and educational purposes only and should not be considered
investment advice or a recommendation. Any references to market performance of any
specific investment, including comparisons between indices such as the S&P 500, reflect data
provided as of 6/10/2026 for the last 6 months (Dec 2025-Jun 2026) and are based on
publicly available sources believed to be reliable, but are not guaranteed as to accuracy or
completeness. Indexes are unmanaged, cannot be invested in directly, and do not reflect fees
or expenses. Sector-focused investments, including technology, may experience greater
volatility and may be more susceptible to market or economic developments than diversified
investments. Market conditions and trends discussed are subject to change at any time.
Investment decisions should be based on an individual's financial situation, objectives, and
time horizon in consultation with a qualified financial professional.

For index definitions, click here:
https://ow.ly/cSYL50ZaBsK
Sources: Yahoo Finance