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Reply to "Late 40s. We have about 3.5X our gross HHI saved. Is that ok?"
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[quote=Anonymous][quote] That's fine. You can offer to pay for anything and that is generous. I'd however refuse if I were your child.[/quote] Sure. You would go $400k into debt instead of taking money offered by your parents. Would you also refuse any inheritance? We paid for private college for all kids and med school for one kid. We have a 529 to pay for law school for another kid when the time comes. Our HHI is very high, we prioritize education and saved to cover it, our kids would not be eligible for aid so yes, we think it’s our responsibility to do what we can.[/quote]
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