On the gift Stepped-Up Basis in investments
We frequently discuss, and are keenly aware, of the enormous benefit bestowed on us as borrowers of 30-year FIXED rate loans, where neither the monthly payment, not the loan balance, ever keep up with the cost of living while everything else does. That means inflation constantly erodes the real value of your debt. I believe this unique loan is only available in one country in the world: the U.S.
