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Money and Finances
Reply to "Can I afford a 1.8M house?"
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[quote=Anonymous][quote=Anonymous]People all butt hurt about their mom contributing 2k but how is that any different than your parents gifting you the 15k annual exclusion, paying for grandkids college or private school, or ultimately inheriting their money when they die. I don’t get why people frown on parents choosing to provide their adult children with money while they can enjoy. I would much rather be given money no while I’m raising a family than inherit millions when I’m already retired (assuming parents live into their 80s). [/quote] +1. Also a way of making things feel more “fair” between siblings if one is stepping up more to care for mom. My parents moved in with my sister because she still lives in their hometown. They contributed to help buy a bigger home that everyone could live in, and they don’t pay “rent” but contribute essentially an equivalent amount to help cover household groceries and expenses. Everyone is happy and we are all grateful to my sister for helping my parents in this way as they age. [/quote]
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