<prompt> Human: Hi, So I have a lot of student loan debt, and my parents agreed to take out a home equity loan to consolidate my loans as the rates are much lower than any loan provider. I thought it would be better to put that money towards an IRA and gift it to my parents in the equivalent sum that the total cost of the loan would be.Im wondering if there are tricks to this? Could I do this with a Roth or traditional? And would I for sure get a penalty if I gift it and they withdraw before Im 59 12? I also read something about gift taxes, so I wanted to check what your guys tips might be regarding this.  <response>: IRAs can be inherited after death but not gifted.Gifting an IRA would involve withdrawing the money and paying all income taxes penalties, which is certainly not worth it. 