Reply to Do you have an age cut off on supporting adult kids?

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[quote=Anonymous][quote=Anonymous]i think it is ridiculous for parents to be supporting "kids" well into their 40s.  my neighbor does this, and she has some money, but nothing like 30 million.  IMO it hinders their growing up and being responsible for themselves.

my kids have been on their own since starting their first jobs.  each has lived at home for a bit.  one, until she got married (a year or so) and the other, during the covid times.  she paid for an apartment in another city while she lived with us.

we do take them on a vacation once a year, but other than that, they are on their own.

we don't have enough to help with down payments.[/quote]

So you might think differently if you had "more money".  We are at the 30M+ level, so yes we will help our kids as we deem appropriate.  However, they must all have a career path and be working 40 hour/week jobs for this to happen.  It doesn't "hinder their growing up".  Our funds help ensure they max their retirement (this 24 yo would be putting away 15-18% without our help).  Instead of driving a 10+ year old vehicle, they got a new one, so there are not any mechanical issues (they have a job they have to be in office for---limited amount of time to work from home for appointments/taking car in for servicing, etc).  But the old care was running fine and they could have gotten another 3-5 years out of it.  But we have the $$ so why make them wait?  
Our kid also saves for other things and lives within a budget (they can afford their apartment and all monthly living expenses...but they wouldn't save as much---only 15% for retirement and another 5%).  If they chose to buy a $100K vehicle, we wouldn't fund that.  
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