Reply to Giving kids a down payment

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]we set up brokerage accounts for our kids many years ago. each of three kids have about 300k right now. they can use it anyway they want. we are not giving any more or paying for their wedding. we are done[/quote]
Our two have similar balances but we've told them it's for a downpayment. We'll contribute to weddings when the time comes, hopefully in the next 5-10 years. Otherwise, we are done with direct contributions. We plan to take them along on family vacations as long as they'll go with us.[/quote]

pp you are responding to. your approach is similar to our approach. not paying for wedding is not money issue for us. we want them to be able to pay for themselves - "[b]if you can't pay for your own wedding, you are not ready to get married[/b]" is our message. we stopped funding their accounts but rethinking whether we should restart. [/quote]

This is very odd to me but to each their own I guess. [/quote]

That’s a good way to not end up with grandkids. [/quote]

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