RetireBy90
Thinks s/he gets paid by the post
While DM was still alive I managed her investments for her, probably about last 15 years, my sister managed her monthly bills. About 7 years into managing her money her pile was generating much more than she spent so I suggested a one time gift to her 3 kids. That kept up for about 7 or 8 years. One to each kid and one to the spouse to double the limit.
unfortunately it started to be expected to some degree and I got a couple questions about when this year's money was coming. We used to fund our kids IRAs when they started out, for about 4 or 5 years.
I would recommend random gifts for some purpose as has been suggested, perhaps for a specific need if known.
We will pass a house to each of 2 kids and a small (6 figure) sum but the rest we plan to donate to charities we support today (big on those to support military vets).
Just one person's plan, or rather 2 people's.
unfortunately it started to be expected to some degree and I got a couple questions about when this year's money was coming. We used to fund our kids IRAs when they started out, for about 4 or 5 years.
I would recommend random gifts for some purpose as has been suggested, perhaps for a specific need if known.
We will pass a house to each of 2 kids and a small (6 figure) sum but the rest we plan to donate to charities we support today (big on those to support military vets).
Just one person's plan, or rather 2 people's.