Personal loan or home equity loan
I have great credit score and 135,000 equity in my home is it better for me tax wise or in any way to give my daughter 15,000. She list her job due to medical situation. Please advise. Thank you
Terry Says
DO NOT GIVE YOUR DAUGHTER any money! It can’t help her enough to offset the dent it will make in your financial life!
If she lost her job, she needs to search immediately for a new one.
If she needs help, you can offer to have her live in your home rent-free.
But this is my standard advice — much like in an airplane: Put on your mask first, before helping others!
