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Adult Children
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]How much money are people giving relative to their net worth? I'd do it if we had $10m or more, but we're not there yet. We did pay for 100% of education costs so they get to start out with no debt. [/quote] My ILs vastly underestimated what they would need in retirement - they spent a lot on winter rentals in FL (25 years) and expensive trips (10 years) and do not really have any margins now. I don't want to do that to my kids.[/quote] Obviously, you don't give your adult kids money for major purchases until you have completely set up your own future/retirement without any doubts (ie. fully planned for many years in a home or memory care/assisted living/etc). But as the PP stated, once you hit $10M you can consider it. Once you hit $20M it's a no-brainer---you likely are not spending all of that, so giving your kids $100-400K for a home is a much better use of $$ than them getting it when they are 50+. [/quote]
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