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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We believe in saving for the future.   But we take one idea that we are with a lot and we want to gift to our kids now.  We are in 50/.  [b]We want to gift now while it matters most.  [/b]College and any grad school will be fully funded.  We gift so kids max retirements and we will help with down payments.  [b]The $$$ has much more impact now other lives in the 20s -and 30s than when we are 80* and the kids are 50+.[/b]

We will also save enough to pay for grandkids and great grandkids education.  We have more than enough and we own multiple homes and travel plenty/. [/quote]

+1000
[/quote]

That is what "die with zero" really means.  Focus on gifting money when it matters most.  Giving the gift of education without loans, early maxing out of retirement savings and help with a downpayment are some of the best financial gifts you can give you kids.

[b]My own 26yo has over $250K to their name.  All from saving intensively, including maxing out Roth IRA and investing high amount into their 401K.[/b]  By time they are 30, they will have enough in retirement accounts for $3M+ at 65---even if they stop contributing (which they wont).  
But this will allow them in their 30/40s to spend more now on their families.  They also wont have to worry about college/education for their kids.  So they can buy the house they want, that affords them a shorter commute and more family time.  
So money when it makes a greater impact on their life for the next 40+ years. 
[/quote]

Agree with the general point of giving kids money earlier, but I quibble with the bolded. If I went back to being 26, I’d much rather have $250K liquid than in retirement accounts.

There are all these “startup” expenses that you have as a young adult—a down payment (a BIG down payment can make one’s life easier for decades to come), closing costs, now potentially a buyer’s agent fee, furniture, a car, an emergency fund, a wedding, etc., etc. Having $250K in retirement accounts doesn’t help at all with that.

Of course, I know that, due to compounding, you end up with a lot more money at age 65 if you can be invested for a few additional years. But the whole point of the “die with zero” philosophy is to balance out the present with the future—and having $250K liquid will help a young person’s “present” much more than that amount will in retirement accounts.[/quote]

PP said she’s also going to gift him a down payment. [/quote]

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