Gifts vs. Loans: Don’t Be Generous to a Fault
Oct 07, 2020
2 minutes
As parents, we often want to help our adult children who need a financial boost. And many times, this assistance comes in the form of a loan. Loans are an effective and common way for parents to foster a child’s independence, encourage responsibility and signal their confidence that their child can succeed on their own.
Moreover, with the current historically low interest rates, parents have less interest income
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