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[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/.  We want to gift now while it matters most.  College and any grad school will be fully funded.  We gift so kids max retirements and we will help with down payments.  The $$$ has much more impact now other lives in the 20s -and 30s than when we are 80* and the kids are 50+.

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]

If you're saving enough to fund your great-grandkids' education, own multiple homes, and travel plenty, you'll probably have over $10m.  In your situation, I would do the same.   Most people posting here sound like they are in the $2-5m category in total household net worth, which is not enough to do all of those things.  We have to make choices.  I can pay for my kids' education at that range, but not a home downpayment.  I'm not willing to delay retirement to get there, either.  I've already lost a close friend.  [/quote]

And you shouldn't.  You are accurate, we have well over $10M.  So it's not an inconvenience for us.  But If I had $5M I'd still fully fund their education.  That gift is huge.  My kid has friends who owe $1000+ monthly for loans.  My kid doesn't and is able to save that instead.  That alone sets them up well for their future. [/quote]

Obviously you would, because with 5 million, you should! The scenario you describe with the 1k/mo loan is people like my dh, who has actually middle class parents who could not afford to pay for college, and didn't advise him well about where to go. This is why many UMC (but not rich) people here are conscious about where to send their kids: so they dcs do not have loans, but they also do not have to sacrifice their own financial picture for the kids.[/quote]

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