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Reply to "Giving kids a down payment "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]People here really love to humble brag about their wealth. Tone deaf, especially when so many people are struggling right now. [/quote] What an idiotic comment. Are you seriously saying bc someone can’t ask a question relevant to their situation bc others are worse off? [b]A rising tide lifts all boats[/b] - the more successful I am, the more people I employ, taxes I pay, donate, etc. [b]If a gift of a down payment can help someone get on the property ladder[/b] and move up, why not? OP, talk to your estate planner or wealth manager bc we were specifically given an amount we can “give” to each child annually w/o tax consequences. Each child has an account that is set up tax efficiently and will eventually be used for a down payment. [/quote] LOL. That made me laugh. Your in the boat with your kid. --DP and no we will not be giving kids a downpayment despite a $1.3M+ HHI. The first graduated and has a well-paying job and a nest egg he saved from his well-paying internships.[/quote]
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