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Q. In the past, our parents have been very generous to my 30-year-old twin brother, our wives and me with random gifting of cash. Last year they gave each couple enough money to make a 20 percent down payment on a $250,000 home. Both he and I have a 30 year $200,000 mortgage with a 4 percent interest rate. Neither of us have any other debt; we pay off our credit cards in full every month. They have now told us that they plan to gift $14,000 to our wives and $14,000 to each of us every year for the next five years. The four of us want to make wise choices with this gifting and are worried that without a good plan the $28,000 a year will be frittered away on stuff rather than helping us get ahead financially which is what we know would make our parents glad that they made these gifts. We know they are also contributing to 529 plans for their grandchildren but don’t plan to fully fund college. So, do you have any suggestions as to what would be best to do with for this money? We would like to use some of it for fun and a replacement car may be needed but anything that would help motivate us to be wise with most of it will be appreciated!