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[quote=Anonymous][quote=Anonymous][quote] Good for you! ( I mean that---I'm not the obnoxious PP). We plan to do the same for college (once grandkids arrive). We gift our kids yearly as well. In reality, once you do all of that, the inheritance doesn't matter as much. Not having to save for college and getting $50K/year will set up almost any responsible person for an amazing UMC+ lifestyle.
I used to think---just give it all away. But as our kids hit college and beyond and I see what good people they are and how motivated they are, I have less and less issue leaving majority for them.[/quote]

For people gifting to kids annually now, at what point did you feel comfortable doing that? Was it $x million a year in income, or $x amount of net worth? We are wondering if/when we should start this.[/quote]

I’m not high income but I’m relatively high net worth and I think it’s important to gift now when the kids are younger because it makes a bigger impact.  I started matching their summer earnings in a Roth when they were in high school.  Now I try to gift $15k a year which is as much as I can afford.  I think anything is helpful.

I watched my parents plan for an inheritance that never came because my dad died at 73 and his mother outlived him.  [/quote]

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