Want to help your adult kids and grandkids? Give them money while you’re still alive.
Summary
Many older individuals consider providing financial support to their adult children and grandchildren during their lifetime. However, it is essential to balance this generosity with careful planning to ensure their own retirement funds remain secure and unaffected.
How to manage “giving while living” without endangering your own retirement.
Source: Read the full story at MarketWatch.com - Top Stories
Disclaimer: This content is for informational and educational purposes only and is not financial, investment or trading advice. Tech & Money Press is not a registered investment adviser or broker-dealer. Trading stocks, options and crypto involves substantial risk, including the loss of your entire investment. Do your own research and consult a licensed professional before making any financial decision. The authors may hold positions in the securities mentioned. News summaries are written with AI assistance from the original publisher's report and may contain errors; always check the original source. Full disclaimer.