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Reply to "When do you tell kids about family money?"
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[quote=Anonymous]We're in our 60s. Our four kids are in their 30s and 40s. They know we're comfortable (we retired early and live well) but they don't really know how much or how little we have (currently close to $10 million) and it's frankly none of their business. They also don't ask and the subject never comes up. They were raised in comfortable surroundings and absolutely knew we earned good money but that didn't stop them from working hard and making their own way. We've helped them considerably over the years (college, down payments, nice weddings, child care, etc.) and they've always appreciated it very much. I see no reason to share our finances in detail with them.[/quote]
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