Responsible Ways To Use A Monetary Gift
- By
Julia Austin
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Put a down payment on a home
The median price of a home in the United States hovers at just under $300,000, so with $50,000, you could be well on your way to putting a down payment on a house, which is something DeFreitas says could be a good investment. The beauty of a real estate investment that serves as your primary residence is that, even as its market value wavers, it will always offer you one inevitable type of value: a place to live. Zillow reports that the average annual appreciation rate of a home in the U.S. is three to five percent, so a home could be a valuable part of your retirement portfolio.
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