Intergenerational 5
July 30, 2021
I’m Miriam Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money
M How much should we help the younger generation. We recommend the book Splitting Heirs by Ron Blue. He wisely counsels generosity without crippling another work ethic.
V While we can give $15,000 a year to anyone, will that help or hinder them? Some might become dependent and expect a higher living style depending on that gift, not their effort. Some will steward it well. Children are different. No surprise there. Starting a Roth IRA to benefit their retirement years might be wiser that a cash gift.
M We are reminded that we are Stewards. Matthew 25. Its God’s on loan to us. Our decisions matter regarding gifts and younger generations.