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[quote=Anonymous]Interesting question.

I think I would just like to know what we are supposed to spend our money on if we have the ability to have extra and can help our kids in this lifetime rather than after we're dead.

My in-laws came into a 90s windfall from sale of a dot.com. Like say maybe 50m. They immediately established annual tax exclusion gifts to all their kids equally. Some of us used that to renovate our homes. Some of us used that to establish 529s for our kids. Some of us used that as down payments to buy homes.

None of us were failure to launch, we were gladly taking that money. My husband and I were fortunate enough to be the ones who did 529s, all our 4 kids colleges were paid for. The ones who renovated their house are the ones where grandma and grandpa paid for their private school and are definitely and obviously paying for their college today. They're like 90 now.

But all kids are good kids. None has been through rehab or legal processes or kicked out of any schools. All good kids. There are like 18 of them, the cousins.

Spend your money on what you want to spend it on. [/quote]

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