I'm preparing to support my kids financially forever

[Anonymous]

With the rise of AI, I'm realizing that I will need to support my kids financially forever. We are stopping at 2 kids. I'm a doctor and I think aspects of my job are safe but the competition to get into medicine and other AI saf(ish) jobs will be too much. I'm expecting to pay for downpayment, my grandkids, etc. Are you all planning accordingly?

[Anonymous]

No. You think you kids will have no ability to earn any income? Do they have severe special needs?

[Anonymous]

Lol, is this sarcasm?

[Anonymous]

Troll

[Anonymous]

AI isn’t taking over anything when it writes slop posts like OP’s.

[Anonymous]

Anonymous wrote:With the rise of AI, I'm realizing that I will need to support my kids financially forever. We are stopping at 2 kids. I'm a doctor and I think aspects of my job are safe but the competition to get into medicine and other AI saf(ish) jobs will be too much. I'm expecting to pay for downpayment, my grandkids, etc. Are you all planning accordingly?

Well, no shit. Since we are not going to live forever...maybe another 20 years (till 80) if we have a good running, we are not thinking forever. But, here is our plan.

- continue living a MC life even though we are UMC.
- pay fully for college (and college years), and make sure that they go to state flagship on merit scholarship. No use wasting money on expensive college when jobs are going to go away. Make them major in in-demand major. Encourage them to continue to get more education and skills to become more resilient.
- pay fully for their wedding.
- pay fully for setting up their first rented apartment when they get a job in another city - furniture, furnishing, gadgets and appliances, all digital devices, sports gear, exercise gear, luggage, first professional wardrobe. First 6 months of rent. New car. 20K seed money.
- let the kids stay free with us in our home for as long as they want. Including their spouse and kids. If they want to stay forever? Ok.
- provide childcare, pay for a nanny and cleaner if they are living away from us and have small kids.
- let them stay on our medical insurance until they are 25. Even if they are working.
- make them bank 2 years of their salary first, before they get married. encourage them to find the right partner and marry early. encourage them to date for marriage.
- be open to building an ADU in our backyard or extending our house.
- let our savings remain as is, live/save our fat pension, give them the non-taxable cash gift each year.

[Anonymous]

Anonymous wrote:

Anonymous wrote:With the rise of AI, I'm realizing that I will need to support my kids financially forever. We are stopping at 2 kids. I'm a doctor and I think aspects of my job are safe but the competition to get into medicine and other AI saf(ish) jobs will be too much. I'm expecting to pay for downpayment, my grandkids, etc. Are you all planning accordingly?

Well, no shit. Since we are not going to live forever...maybe another 20 years (till 80) if we have a good running, we are not thinking forever. But, here is our plan.

- continue living a MC life even though we are UMC.
- pay fully for college (and college years), and make sure that they go to state flagship on merit scholarship. No use wasting money on expensive college when jobs are going to go away. Make them major in in-demand major. Encourage them to continue to get more education and skills to become more resilient.
- pay fully for their wedding.
- pay fully for setting up their first rented apartment when they get a job in another city - furniture, furnishing, gadgets and appliances, all digital devices, sports gear, exercise gear, luggage, first professional wardrobe. First 6 months of rent. New car. 20K seed money.
- let the kids stay free with us in our home for as long as they want. Including their spouse and kids. If they want to stay forever? Ok.
- provide childcare, pay for a nanny and cleaner if they are living away from us and have small kids.
- let them stay on our medical insurance until they are 25. Even if they are working.
- make them bank 2 years of their salary first, before they get married. encourage them to find the right partner and marry early. encourage them to date for marriage.
- be open to building an ADU in our backyard or extending our house.
- let our savings remain as is, live/save our fat pension, give them the non-taxable cash gift each year.

This was always our plan. AI did not change it.

[Anonymous]

I felt this way before AI. For me it started when I saw where college tuition rates were going, and then what the housing market was doing.

Who knows, maybe we'll figure out both by the time my kid is an adult. But if we don't, I don't want to abandon my kid to a crap economy. We stopped at one kid and have been planning our own savings and retirement, as well as college and other savings for our kid, with the expectation that options will be significantly limited over what we experienced. One reason we stopped at one is because we see the benefit of our one kid inheriting everything, including our home, when we die, rather than having siblings who will need to split it and sell off real estate if it can't be fairly divided. It simplifies our estate planning in a way that will hopefully be a relief for both us and our kid later on. If we're wrong, great! We'll all have more money than we need.

[Anonymous]

No I expect them to have jobs but perhaps not high earning ones. So I do kind of think we will end up buying them apartments or houses. They will have to pay for ongoing costs like upkeep and taxes.

[Anonymous]

Anonymous wrote:I felt this way before AI. For me it started when I saw where college tuition rates were going, and then what the housing market was doing.

Who knows, maybe we'll figure out both by the time my kid is an adult. But if we don't, I don't want to abandon my kid to a crap economy. We stopped at one kid and have been planning our own savings and retirement, as well as college and other savings for our kid, with the expectation that options will be significantly limited over what we experienced. One reason we stopped at one is because we see the benefit of our one kid inheriting everything, including our home, when we die, rather than having siblings who will need to split it and sell off real estate if it can't be fairly divided. It simplifies our estate planning in a way that will hopefully be a relief for both us and our kid later on. If we're wrong, great! We'll all have more money than we need.

We stopped at 2. We need them to have each other in life. We intend to give them equal amounts after death so that there is no ill-feelings. We are simplifying our life, decluttering, un-hoarding and trying to stay healthy and fit so that we live for longer to keep getting our pension money. We will remain earning members because of our pension (and interests on our savings) for as long as we live.

[Anonymous]

the sky is falling! the sky is falling!

get a grip, OP.

[Anonymous]

Anonymous wrote:

Anonymous wrote:With the rise of AI, I'm realizing that I will need to support my kids financially forever. We are stopping at 2 kids. I'm a doctor and I think aspects of my job are safe but the competition to get into medicine and other AI saf(ish) jobs will be too much. I'm expecting to pay for downpayment, my grandkids, etc. Are you all planning accordingly?

Well, no shit. Since we are not going to live forever...maybe another 20 years (till 80) if we have a good running, we are not thinking forever. But, here is our plan.

- continue living a MC life even though we are UMC.
- pay fully for college (and college years), and make sure that they go to state flagship on merit scholarship. No use wasting money on expensive college when jobs are going to go away. Make them major in in-demand major. Encourage them to continue to get more education and skills to become more resilient.
- pay fully for their wedding.
- pay fully for setting up their first rented apartment when they get a job in another city - furniture, furnishing, gadgets and appliances, all digital devices, sports gear, exercise gear, luggage, first professional wardrobe. First 6 months of rent. New car. 20K seed money.
- let the kids stay free with us in our home for as long as they want. Including their spouse and kids. If they want to stay forever? Ok.
- provide childcare, pay for a nanny and cleaner if they are living away from us and have small kids.
- let them stay on our medical insurance until they are 25. Even if they are working.
- make them bank 2 years of their salary first, before they get married. encourage them to find the right partner and marry early. encourage them to date for marriage.
- be open to building an ADU in our backyard or extending our house.
- let our savings remain as is, live/save our fat pension, give them the non-taxable cash gift each year.

WTF am I reading? Are your kids incapable idiots?

[Anonymous]

I got gun license for both my kids and also bought them guns. If need be, we will protect the homestead from marauding looters.

[Anonymous]

I really don’t get this idea… if all jobs go away and there is no ability for anyone to make money, literally all economies collapse. Certainly that can’t and won’t happen…

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:With the rise of AI, I'm realizing that I will need to support my kids financially forever. We are stopping at 2 kids. I'm a doctor and I think aspects of my job are safe but the competition to get into medicine and other AI saf(ish) jobs will be too much. I'm expecting to pay for downpayment, my grandkids, etc. Are you all planning accordingly?

Well, no shit. Since we are not going to live forever...maybe another 20 years (till 80) if we have a good running, we are not thinking forever. But, here is our plan.

- continue living a MC life even though we are UMC.
- pay fully for college (and college years), and make sure that they go to state flagship on merit scholarship. No use wasting money on expensive college when jobs are going to go away. Make them major in in-demand major. Encourage them to continue to get more education and skills to become more resilient.
- pay fully for their wedding.
- pay fully for setting up their first rented apartment when they get a job in another city - furniture, furnishing, gadgets and appliances, all digital devices, sports gear, exercise gear, luggage, first professional wardrobe. First 6 months of rent. New car. 20K seed money.
- let the kids stay free with us in our home for as long as they want. Including their spouse and kids. If they want to stay forever? Ok.
- provide childcare, pay for a nanny and cleaner if they are living away from us and have small kids.
- let them stay on our medical insurance until they are 25. Even if they are working.
- make them bank 2 years of their salary first, before they get married. encourage them to find the right partner and marry early. encourage them to date for marriage.
- be open to building an ADU in our backyard or extending our house.
- let our savings remain as is, live/save our fat pension, give them the non-taxable cash gift each year.

WTF am I reading? Are your kids incapable idiots?

Nope. Extremely capable kids.

Just giving them the economic leg-ups in their youth that we can afford to give. We are not wealthy, we are slightly UMC.

Oh - we will also buy personal robots powered by AI for them and us - 40K a pop - if it ever comes on the market. The subsequent savings and benefits will be enormous.