How to Give Your Kids Money in Their 20s

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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.

Today we are answering your questions about 529 accounts. We talk about what a reasonable amount to put in a 529 is and what to do if you over fund it. We discuss if it is complicated to have multiple 529 accounts, what a "Daddy Match" is, how to decide what accounts to fund if you are cutting back at work and much more!

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