“The best way to not pay tax is to mum to withdraw 100% of that money and literally gift it to the adult children tomorrow”
MM
Martin McGrath
Retire Right ·
“Don’t co-sign… pay off the car early as a gift… you shouldn’t have borrowed money on it”
The Ramsey Show · You Can’t Build Wealth in Financial Chaos
Play from 38:18
38:18
Audio streams from the publisher’s own feed. Verbatim does not host or copy it.
What was described
Advise parents to avoid co-signing adult children’s loans and instead pay off existing debt as a one-time gift
Said nearby on the same subject
“As immediately, you get the KGB out of your life… you have about $10,000 IRS debt… pay that off this month”
DR
Dave Ramsey
The Ramsey Show ·
“‘if I repay $50,000 off my home loan, I go to the bank and can have a separate loan for $50,000… debt recycling’”
SW
Stuart Weems
The Money Puzzle ·
“Number two would be paying principal and interest repayments on your tax-deductible debt when you also have owner-occupied debt… preserve that, don’t pay it off”
PN
Pat Noll
Equity Mates Investing Podcast ·
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