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Reply to "When do you tell kids about family money?"
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[quote=Anonymous][quote=Anonymous]So much hoarding. Does no one ever spend a dime on things that bring joy or do you all just hoard so the next generation can hoard [/quot We do both! We spend far more in retirement than we did before and at the same time we’ve put a lot away for our children, grandchildren and charity. We have a lot of grandchildren and the total in their 529’s is likely $1.5 million and the oldest is only 12. We are generous with annual gifts to our children and their spouses. All of those gifts and charitable contributions do bring joy to us as well. We don’t spend much on clothes and cars because they are not important to us but our travel and club expenses often get ridiculous. [/quote]
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