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[quote=Anonymous]Our kids are 25 and 22. (1) Our income is $360K/year and net worth about $5M (2) We paid for their undergraduate education (no loans) and bought DC1 a car when he graduated (he contributed about 1/3 of the price), as well as a "capsule wardrobe" of work clothes and items for his kitchen. We also fund his Roth IRA every year ($6K). We will do the same for DC 2, who graduates in May '23. They are both on our family cellphone plan and we won't change that until it makes sense. (3) We will do the above (Roth IRA and cellphone) for the foreseeable future. (4) My parents paid for my undergraduate education and gave me $2K as a wedding gift ten years later. That was it. [/quote]
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