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Reply to "Do you have an age cut off on supporting adult kids?"
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[quote=Anonymous][quote=Anonymous]To those of you who are giving money to their kids, are there strings attached? One poster mentioned the money goes to their brokerage account. Are any of your kids married? [b] If so, this money could potentially be divided if the marriage doesn’t survive.[/b] From my perspective, it’s complicated.[/quote] Interesting question. We do not have tons of money as we are first gen immigrants - but we scrimped and saved for our kids. We have paid for college and all costs before jobs, car, medical insurance, apartment set up, professional wardrobe, wedding - for our kids but it has primarily been for single children till now. I expect to help with down payment of a home but it will be in the form of a loan at the Applicable Federal Rate - that will be repaid back to us. [/quote]
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