Awesome. I'm sure she thoroughly appreciates that.We have been gifting her the maximum allowed since she was in high school. That account is in her name at Schwab and invested in VOO. We will continue to give her 36k every year.You didn't ask about this, but one thing you might consider (if you're not already doing it) is annual gifting to your daughter. I know she makes what people consider a lot of money, however, she is also paying a very large amount of tax on that money, especially if that's just her income and she's single. Both you and your wife can each gift her 18K this year without it affecting the estate. It will lower the amount of taxes the estate will have to pay when you pass away, and I'll bet your daughter wouldn't complain if you gave her some of her inheritance early.
And no, I'm not your daughter.
Statistics: Posted by busdriver11 — Wed Oct 16, 2024 9:59 pm — Replies 14 — Views 1344