Reply to Giving kids a down payment

Forum Index » Money and Finances

Reply to "Giving kids a down payment "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]What every adult child needs to realize is that at some point, unless you die before they do, your parents will be your responsibility. Either monetarily or the custodian of their lives, homes, stuff, etc.

I suspect that some of the pro-"early inheritance" crew don't see this yet, especially if BOTH are still living.  But it will happen. [/quote]

I see it (I'm one of the "Die with nothing" proponents).  We have paid about $500K for my parents, but they can now support themselves for rest of life in their CCRC.  But managing things as they get older becomes more work (and my parents are very independent---early 80s and so far I haven't had to do much).  
We are pro-"early inheritance" if you know you have enough.  We do, so it would be silly to make our kids wait when we can improve their entire trajectory in life with some now.  
60%+ of our wealth is in cash alternatives/bonds because we don't need it anywhere else.  We can live off of that interest/dividends without ever touching any principle (of that or the stock market), and once we need care at home or care in a full time home, we won't have multiple homes, be traveling 3-4 months of the year, etc, so our expenses will just shift to largely our full time care.

[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics