Hey all, In need of support.
So I have about 350k saved in HYSA waiting to purchase a home which isn't looking too promising in SoCal with a single income. maxed out 40k roth and 60k vti and I'm 30, my parents are (60) (67). They've done everything they can to support my brothers and I our whole lives.
My parents owe 150K on a 1.2 million dollar home now but will barley be getting much from social security. They are first generation and didn't know how or where to invest.
They asked if we could pay the mortgage off and they can transfer it into a trust into out 4 names when they pass. Living away from their kids isn't an option. Neither can they afford anywhere else at the moment.
What are your thoughts? I feel as if this will push me back on my savings, or am I being greedy?
Submitted August 01, 2023 at 11:20PM by Sizzormanhands https://ift.tt/IvDjwZW
