<prompt> Human: Were all in our early 20s and none of us have really saved for retirement so she wanted us to put some of it away for that. Does anyone have any recommendations?edit: I should mention the profit is after paying off the bank, family members who loaned her money to buy the house, and the realtor.Assistant: There will be no taxes on this money. Your mother, however, will have to file the gift tax form for all gifts above 14,000 per person. She will not actually owe tax on it unless she ends up giving away more than 5.43 million dollars.If she wishes to avoid even reporting it, then she can limit her annual gift to 14,000, which means she can give you 14,000 now and then next year give you the other 11,000.Human: so she wont even be taxed on the gain from the sale of the house?  <response>: Whether she will be taxed on the gain from the house depends on how much gain there is, but dispersing money to her children will not lessen that.My original answer only had to do with taxes on gifts. Sorry if I misunderstood your question. 