A Reddit user faces a dilemma about accepting a $1 million gift from his in-laws for a home purchase. The couple is moving from a paid-off $1 million home to a new $3.5 million home, which requires a mortgage. The in-laws prefer to see them debt-free and are concerned about the couple's financial situation as the sole earner is the poster. While the couple plans to invest the proceeds from their current home, the in-laws would like the funds to be used as a down payment to minimize mortgage debt, raising concerns for the couple about financial independence and future investments.
Given the terms of the deal, there's very little reason why the OP should not take the early inheritance.
He explained that his in-laws are willing to give him and his wife $1 million toward the $3.5 million home that they bought.
The couple is going to be selling their paid-off $1 million home, and the OP and his wife were planning to invest that money.
The Redditor's in-laws want him to put the money down on the home instead.
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