Dave Chilton

When they go to renew the mortgage, if interest rates happen to be up, we've had a run of inflation or whatever, they're exposed on that front.

I'm worried because in the last three, four, five years, especially three, four, five years ago, I saw a lot of people my age just helping out kids because if they didn't, they couldn't get the real estate market.

And in some cases, they could afford to, and it made perfect sense to give them the money now.

In other cases, it put their own retirement plans very much at risk.

That's the problem, though.

When you have this expensive real estate market, people are forced to make very difficult decisions.

My daughter's like that.

I bought the book Die With Zero, and she threw it out before I even had a chance to read it.

She is sharp.

She is on it.

No, you're right.

No inheritors love the annuity route, even though I think it does make a lot of sense at times.

But you must be seeing among your friends and colleagues a lot more of gifting money

to adult kids, grandkids, helping them out in every way.

You get to see the joy that it brings to their lives.

They can do things with it that we can't.

We've maximized things like RSPs and TFSAs.

They can now do that.

They can pay down non-deductible debt that we don't have because we're later in life and we're lucky to do well.

In so many ways, it makes so much sense from every perspective if you truly have the money to be able to afford it.