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Adult Children
Reply to "How many parents still financially support their middle age adult children?"
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[quote=Anonymous]We get annual gifts from 5k - 17k/yr from my in-laws. They also contribute to our kids' 529 plans. We are in our 30s and make $600k/yr and clearly don't need the support but it definitely is fantastic and a smart strategy since their estate will be taxable on the state (and maybe federal level.) It allows us to upgrade our home, treat our kids, etc. We are very grateful.[/quote]
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