Reply to Adult son living with parents

Forum Index » Adult Children

Reply to "Adult son living with parents"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]P.S. I wish I'd had the option to live rent free when I had my first job.  Would have been great to save that money.  I didn't have much fun with my roomates then b.c. I was so focused on paying off school oans, but I did have a ton of fun with roommates throuhgout college and grad school.  I lived in teh dorms only my freshman year, and apartments after that.  If your sone has already lived with roommates in apartments,  Iwouldn't worry so much about his social life.  Right now there isn't much social life to be had if he's being responsible about the panandemic.  (please excuse typos)[/quote]

OP here.  My son also lived in the dorm his first year and in apartments off campus for three years.  He also took a gap year to volunteer the entire  year in South America remote places.

My oldest son is 30 years old.  He finished his undergrad at 22 and grad school at 24.  He also lived at home for 3 years to save about 300k before he met his spouse and moving out.  He used the 300k and we gave him another 150k to pay off his townhouse, no mortgate.  My daughter moved out immediately after college and she is now married with a mortgage on the house and loan on the car.  My 22 years old is thinking about giving his sister 50k to help with the car loan and mortgage.  The 22 years old would like to have more money in the bank than his brother before he is ready to move out.  His reason:  he wants to be financially independence and he wants to give his future spouse the option of either continue working or staying home.  He will be fine with both.  I will discuss this again with him at the end of 2020 and encourage him to move out like after 4 years.  In the mean time, I am so glad he is staying with us and see him everyday.

P.S.  He is currently seeing someone.  She is a college sophomore.  Not sure how long it will last.[/quote]

Did you give each child 150.000?  Did they have to pay gift tax?[/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