🔺 r/personalfinanceuSadProduce6456·67 days ago
Early inheritance as a dad
Just sharing something that was interesting to me, that I’ve never really thought about before. So I have a 22-year-old daughter, and I’m divorced. I was talking to her this weekend, and she told me that her mother gives her enough money to fund her Roth IRA right now. I told her I had no idea, and that I wish I did and I would’ve helped. She said that she thinks it’s because her mother looks at it like an early inheritance. So then I got to thinking about it, and I thought that’s a great idea actually. Because I do my own wealth planning, and at some point, the money is really theirs. So me giving them $6000 right now or whatever would pay huge dividends for them later, and not be some tax burden investment on them that I passed down. I think Parents with means, should proactively look for ways to do this. Of course within their means. submitted by /u/SadProduce6456 to r/personalfinance [link] [comments]