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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][quote=Anonymous]I would never do this. It starts by talking to them when they're young. Figure it out yourself because Dad and I are traveling the world with the money we have now that we're not supporting children at home. And don't have any kids yourself if you can't afford it. [/quote] This is what my parents did. I guess they are wealthy - they have two homes, travel a lot and ski 50+ days a year. It never occurred to me to begrudge them for enjoying their retirement, nor did I ever feel entitled to gifts from them. I'm just glad we don't have to send them any money like we do my in-laws. The outflow to parents stinks. I have no intention of supporting my children after they are 22/done with college; however, if we were filthy rich, I could see sending them $17k per year because it makes sense from an estate planning perspective. However, it is not something I spend any time thinking about or aspiring to do. [/quote]
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