Reply to I'm preparing to support my kids financially forever

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[quote=Anonymous][quote=Anonymous]When my parents started sharing their gifting plan, one of my siblings’ spouses suddenly wanted to stop working and be a SAHD. He was “burnt out”. Another sibling-in-law started sending even more money to their own parents. [/quote]

I do think it’s tricky to help adult children be motivated to work and save and build generational wealth when they know how much is waiting in a trust for them.

My parents have made things available to us only at age 55 (can withdraw 5%/year starting then) and have paid for a home down payment and our kids educations. This is a huge gift, and allows us to afford to live in a better neighborhood and still max out TSP etc. We know if we stopped working we would have to significantly change our lifestyle. My SIL still tries to mooch as much as she can and seems personally offended that she and her husband have to work to earn a living when the $$ is “right there!”.

Our goal is to not have to touch the trust at all, and transfer the $$ to our kids. Because we had a downpayment and don’t have to pay for the kids’ college/med school, we will be debt free early on and able to fund our own kids’ early adulthood in a similar (perhaps more generous) fashion.

AI isn’t factoring into our decision making, and I think you wld need a lot more $$$$ than we have to fund a never ever work kind of adulthood. I also don’t think that is a life that I’d want for my kids. [/quote]

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