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Adult Children
Reply to "Are you delaying Retirement so your Adult Children can have medical coverage? "
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[quote=Anonymous][quote=Anonymous]We asked our kids to get their own insurance plans through their employers. Yes, it costs them but we felt it's important for them to become independent. We randomly give them more money than what they spend but we stopped paying for insurance once they got employed. This trend of employed kids living at home, staying on parental insurance and phone plan etc is enabling them to have a faux lifestyle they can't afford. They need to learn to be self sufficient and live within their means. I see young women carry designer bags, wear overpriced shoes, travel to exotic places, eat at fancy restaurants and drive luxury cars but not having money to pay for healthcare or utilities. What's up with that? [/quote] I am OP but me asking my 25 and 23 year old to sign in employer policy just sucks money they could be saving in their savings account or putting in 401k. I am 63 but still work and with an 18 year old still in family plan. So for now their insurance costs me zero extra. I plan to work till youngest graduates college when I am 67. Not kid related but my wife is a bit younger she turns 65 when youngest graduates college. So if I quit before 65 she also has insurance problems, kinda crazy I can’t even retire at 65 without my wife and youngest kid losing insurance. [/quote]
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