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Reply to "At what cost do you help your adult kids after getting them through college? "
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[quote=Anonymous]We paid for undergrad/top law school program/ivy grad and community college prerequisites for grad school for our 2 kids. Education included a combination of Public Undergrad and Private Graduate programs. Merit scholarships and funding combined for undergrad, law and grad school totaled $240,000. The older kid is getting married and we will contribute 70K to wedding - they will pay the rest plus honeymoon, rings etc. (you will be surprised how often parents pay for these things). Second kid will receive the same if they want a traditional wedding. Wedding total cost will be about 100K. We rent a vacation house once a year for all of us. They pay their own way to to get there, and we take turns paying for meals out, rounds of drinks etc. We pay more overall, but glad that they always offer to chip in, go on grocery runs etc. Thanks to a robust stock market, we did all of this with our initial college savings fund that grew over time. Kids taking merit money and going in state for undergrad was life changing - more than we ever imagined. We did not touch our retirement, but we also did not travel as much as we may have otherwise. No complaints about that. Will comfortably retire at 65. Will probably be able to help a little with home down payments for both, but will decide when the time comes whether or not we can swing it. Our HHI is 400ish and we are upper 50s. [/quote]
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