Linda Stern has an interesting article on Reuters and MSN.
Instead of addicting your kids to Economic Outpatient Care, she recommends helping them where it could make a catastrophic or long-term difference-- first by ensuring that your own retirement funding needs are met so that you won't have to move in with the little buggers.
After you've taken care of yourself, you can help take care of them by paying their health insurance premiums or ensuring that their IRAs are maximally funded.
And finally you can give them the cash for the house down payment or support the grandkid's Coverdell-- but the key is making sure that your money doesn't turn into Economic Outpatient Blackmail...
Instead of addicting your kids to Economic Outpatient Care, she recommends helping them where it could make a catastrophic or long-term difference-- first by ensuring that your own retirement funding needs are met so that you won't have to move in with the little buggers.
After you've taken care of yourself, you can help take care of them by paying their health insurance premiums or ensuring that their IRAs are maximally funded.
And finally you can give them the cash for the house down payment or support the grandkid's Coverdell-- but the key is making sure that your money doesn't turn into Economic Outpatient Blackmail...