Thats nice of your dad to offer the 50k to you Scrimp, just make sure that he first has comprehensive health insurance, and plans for his 'old age'.
If he does not have either of those, you could be paying alot more than 50k to take care of him in a few years and in the long run, the $$ would be cheaper to you to be invested wisely into his future.
But he sounds like a smart man, so I would guess he has that taken care of. I just hear so many stories of parents wanting to 'provide for their children' and failing to provide for themselves, creating a financial nightmare later on.
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