Supporting adult children
Many retirees still support their adult children with money, whether through helping with their college tuition or even providing full financial assistance during difficult times. It’s true that no one should stop you from helping your children, but it’s very important to prioritize your retirement savings first.
If you want to help them, you should still decide on a set of boundaries and find ingenious ways to help them while encouraging financial independence. You could also discuss potential expenses with them and decide on a plan together.
2 Responses
The worst cost is the ridiculous property taxes that the blue states have! NJ is the worst. That is a total waste of $$$!
I will sell my house in a split second. Worst decision I ever made was buying a house. Even though I have a low interest rate, I am sick and tired of being nickel and dimed to death with fees by my mortgage company.