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General Parenting Discussion
Reply to "I'm preparing to support my kids financially forever "
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[quote=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.[/quote]
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