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Adult Children
Reply to "How much financial help are you really giving your adult children?"
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[quote=Anonymous]Older one just turned 18. I have enough to pay for community college and year 3-4, but only if he keeps his grades up. DC will be living with family members for free nearby while working part time. It's not so much that I will help him later, but that I'm setting him up with Roth IRA now and an investment account right away so he can learn about investing. He also has great credit now, not just 10 years from now. Not doing the house buying any time soon, because we have experience that market has better returns. Maybe at 30 when he finds a partner. House is a liability for us, not an asset. We will not buy it until we really, really need this liability and can easily afford throwing money away on it. The younger one inherited $250k at 10 years old. If invested properly, this is plenty of help. Neither are big spenders and house and a car is not what they want. Bitcoin and rental apartments is what they prefer. I can watch their kids for free as I'm already retired at 47. [/quote]
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