Or, you could help your kids learn to invest by helping them fund a 401K or fund IRA’s...that’s what we are doing.
Or, you could help your kids learn to invest by helping them fund a 401K or fund IRA’s...that’s what we are doing.If you’re that well off, you can afford to give your Social Security checks to the kids. And set the example that they should do the same for your grandchildren, if possible.
The two things, of course, are not mutually exclusive at all. You are saying that the kids need help funding a retirement apart from Social Security; I was merely pointing out the scale of the intergenerational Ponzi Scheme which an affluent, caring parent should consider trying to compensate for.The article talks about “spending the kids’ inheritance;” anyone who can help their kids overcome the Social Security headwind they face should consider that part of responsible stewardship.