Reply to How much financial help are you really giving your adult children?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I know people (30 plus) whose parents are paying for their down payment, co signing mortgages, paying for their grandkids braces, daycare, vacations, ivf, co signing on cars etc. a lot of these people would never admit to how much parental help they are getting despite having “good” jobs. [/quote]

How embarrassing.[/quote]

If it embarrasses you, don't take the money.  It more seems like you are jealous.

[/quote]

It’s not jealousy to have a kid that is such a loser at 30+ that they need their parent’s money.  Why is it that idiots like you confuse pity with jealousy is baffling to me.

This from someone that has a sizable estate that we will transfer to our kids…but not because they need it just to give their future kids’ braces.

Also, if your kid has to take out a loan just buy a freaking car and at 30 needs you to co-sign for it…that’s f**cking embarrassing and you know that.[/quote]

my 26yo is fully independent and pays for their lifestyle themselves and has since college graduation.  Our gifts simply supplement their savings largely, oh and we get to see them more because we pay for their flights to visit and pay for them to join us on some vacations.  So yeah, they simply have a fully funded retirement at an early age.  
You do you, we prefer to begin transferring to our kids while it matters most, and while it helps spend down our estate without estate tax/gift tax concerns.

[/quote]

Sounds like we are both doing the same thing...so not understanding the "you do you" comment.

Your kid is not so pathetic that they need you to co-sign a car loan at 30.

It's a distinction between giving your $$$s to a child that is a good financial steward and will grow the pie (by either making a bunch of $$$s themselves or living well below their means) vs. a kid that "needs" the money and is likely to have less for their kids and the grandkids.[/quote]

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