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Reply to "Contributing to kid life events fairly "
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[quote=Anonymous][quote=Anonymous]Question for parents of adult kids: what is your system for contributing to your kid’s big life events in a way that is fair (assuming you can afford to and would like to)? Example life events: wedding, showers, first home purchase, grandkids, etc. [/quote] No “system”. So far, it’s been fairly even. As it turned out, their college costs were close enough to call the same. We have put in ROTH IRAs since they earned money.- that is a little uneven, but it is not far off. Each got a similar 3-4 year old car when they were in college. No weddings or plan to buy a house yet. We are selling our house next year and down sizing. Plan to give each around $100k from that - so they can add to their down payment when they finally buy. Doubtful there will be any grandchildren, but open to the possibility. [/quote]
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