Want to create an interactive transcript for this episode?
Podcast: Retire Today
Episode: 3 Smart Ways to Help Your Kids with Money (Without Regretting It Later)
Description: Jeremy Keil explains 3 smart ways to help your kids with money while avoiding IRS paperwork
Early in the year, I received an email from a couple asking a question I hear all the time:
“What’s the maximum we can give our kids?”
That question usually shows up in December. Parents are trying to get a last-minute gift in before the year ends, and the conversation quickly becomes about tax limits.
But that’s the wrong starting point.
If you’re thinking about giving money to your kids, the first ques...