Giving money to loved ones helps, but not much

We should take care not to go overboard in funding a child at the expense of our retirement adequacy

Published Tue, Jan 16, 2024 · 04:23 PM

I DO not know if friends are asking in jest when they inquire if I have bought a home in trust for my primary school-going child.

To date, I have not done so. I would need plenty of cash, as a purchase of a home in trust for a minor has to be funded solely by cash.

Perhaps it is a no-brainer for cash-rich parents or grandparents to buy homes in trust for their young children or grandchildren.

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