Are You Investing in Tomorrow or Robbing It?
The Ramsey Show
Gifted Down Payment: When Adult Children Want to Repay
Caller gave $117k as a gift to child for a down payment; Dave advises forgiving the gift and taking the high road to preserve relationships.
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Dave Ramsey and Ken Coleman answer your questions and discuss:
- "How do I convince my wife to stop using credit cards when I'm on Baby Step 1?"
- "What should we do with the proceeds from the sale of our house?"
- "My husband was recently fired, how do we make our finances work while he's working small jobs?"
- "Should we downsize our house so my wife can stay at home?"
- "We have the money but struggle to justify going on vacation"
- "We gifted our son over $100,000 to buy a house and now he wants to pay us back. Are there any tax implications for this?"
- "What should I do with an inherited annuity?"
- "How do I create a family budget to keep my kids from spending money?"
- " Should I dive back into a career now that my husband has beat cancer?"
- "I'm 62 with only $100,000 saved for retirement. Should I focus on paying off my house or saving more for retirement?"
- "Should we charge our 19 year old rent?"
- "What should we do with the proceeds from the sale of our business?"
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