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WCI #327: Send Your Kids to College

White Coat Investor Podcast

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How to Give Your Kids Money in Their 20s

The amount of money our kids are getting in their 20s fund, this inheritance, is a tiny fraction of what they are currently scheduled to get later at 40, 50, and 60. If it turns out they suck at money, we are going to learn on a relatively small percentage of the money in their20s. Don't forget how the taxes work on that. When you give something away, the kid gets your basis. There is just a limit on how much of it you can give away, each year, unless you are given its cherry.

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