Do you trust your parents?
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Like, in general?
No. No I do not.
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We are considering gifting our daughter now instead of waiting for her to inherit. As hard as it was for us to get started, it’s harder now.
@Mik said in Do you trust your parents?:
We are considering gifting our daughter now instead of waiting for her to inherit. As hard as it was for us to get started, it’s harder now.
I like that and may well do the same. Maybe I already did by funding his 529 to half a mil before he was a teenager.
But that’s quite different than what this describes, which is basically a minor regulatory arbitrage that saves someone with appreciated shares maybe 3k a year.
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It’s really more upper middle class tactic than rich, but at a certain level it could work.
Once we hit RMD we, like now, will have more income than we need to live comfortably. I think helping her out will be a good use of some of that.
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It’s really more upper middle class tactic than rich, but at a certain level it could work.
Once we hit RMD we, like now, will have more income than we need to live comfortably. I think helping her out will be a good use of some of that.
@Mik said in Do you trust your parents?:
Once we hit RMD we, like now, will have more income than we need to live comfortably. I think helping her out will be a good use of some of that.
THat's what we do. D3 commented that she's finding much more helpful than receiving a lump when we kick.
She doesn't want to wait 40 years.
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