We are considering lucky and bless. Both of our kids moved out of the house after high school for college and never move back. Although we paid for everything, we still feel that they are responsible and dependable. I told my spouse as long as they are working and not doing anything extremely out of order, we are blessed. I funded both ROTH retirement and it would be best investment considering the stock market in the last 10 years. We are non-religious, just live a responsible life, we both work for last 40 years, the kids just look at us and live a normal life. We help them to purchase the house in last year, and now we are going to retire in two weeks, right before July 4th.
How about state tax, in TX property tax of 10K plus a year is popular for many retiree regardless of income. Then there is sale tax and 20% plus tip on decent restaurant bills.
The more money you have the more up/down would affect your mode. 2% of 500K is not the same as 5MM. Back in the day we still want to eat out, we have a rule, going out for diner if the index is moving more than 2% in either direction. One to celebrate and the other one to tell yourself it is just money.
I am in the same boat. In my case, my lovely wife also purchased so many pair of shoes and purses/bags. Sometime the same bags in various color (4-5). But this is women thing, I am thinking it is kind of cheaper therapy to make her happy. Happy wife happy family.
This is my wife department, so I stay away from it. She only shop at Whole Foods or Central Market. The issue is there are only two people in the household, but she shop for 3 or 4. Personally, I think we waisted to much food.
There is a case when public employees hate Medicare. My wife retired from State of Texas 13 years ago with full retirement benefits and free health insurance (the state paid 100% of premium). This year she will turn 65 and State requires you to be on Medicare as primary, the state insurance will be secondary similar to medigap + prescription (state paid 100%), but now she have to pay nearly $400 / month for part B premium. Still much better, but that is not expected.
There is thing you can control, other you can just do what is best for you. Does not matter what you said is fact or complain, there will be no change.
One thing to add, if you are doing well, offer to fund your kids 401K Roth when the first start working would be a good way to build and teach them about important of retirement fundings.
I might be the odd one here. Both of my kids finished state university in Texas, we opened a Texas tomorrow funds for both when the younger was born, so both can attend state university free of tuitions and fees. They have also been admitted to top private universities in Texas. We paid everything else, living expenses, car, insurance and give them a credit card to spend anything they deem not excessive. We paid for oversee summer schools. If I have to do it again, I will not change anything.
Yes, they both work for financial/tech firm that offer backdoor Roth, we also cover the Income tax on the contribution. I figure if we continue to contribute until when each of them turn 40, they should be good for life. With the stock market in the last 10 years, the balance is significant for both.
Comments
We are considering lucky and bless. Both of our kids moved out of the house after high school for college and never move back. Although we paid for everything, we still feel that they are responsible and dependable. I told my spouse as long as they are working and not doing anything extremely out of order, we are blessed. I funded both ROTH retirement and it would be best investment considering the stock market in the last 10 years. We are non-religious, just live a responsible life, we both work for last 40 years, the kids just look at us and live a normal life. We help them to purchase the house in last year, and now we are going to retire in two weeks, right before July 4th.
Post: Celebrating the Win
Link to comment from June 13, 2026
How about state tax, in TX property tax of 10K plus a year is popular for many retiree regardless of income. Then there is sale tax and 20% plus tip on decent restaurant bills.
Post: …..taxes and you
Link to comment from June 12, 2026
The more money you have the more up/down would affect your mode. 2% of 500K is not the same as 5MM. Back in the day we still want to eat out, we have a rule, going out for diner if the index is moving more than 2% in either direction. One to celebrate and the other one to tell yourself it is just money.
Post: Would You Be Miserable?
Link to comment from June 9, 2026
I am in the same boat. In my case, my lovely wife also purchased so many pair of shoes and purses/bags. Sometime the same bags in various color (4-5). But this is women thing, I am thinking it is kind of cheaper therapy to make her happy. Happy wife happy family.
Post: The Ping
Link to comment from June 4, 2026
This is my wife department, so I stay away from it. She only shop at Whole Foods or Central Market. The issue is there are only two people in the household, but she shop for 3 or 4. Personally, I think we waisted to much food.
Post: Shopping carts again…but not what you think
Link to comment from June 3, 2026
There is a case when public employees hate Medicare. My wife retired from State of Texas 13 years ago with full retirement benefits and free health insurance (the state paid 100% of premium). This year she will turn 65 and State requires you to be on Medicare as primary, the state insurance will be secondary similar to medigap + prescription (state paid 100%), but now she have to pay nearly $400 / month for part B premium. Still much better, but that is not expected.
Post: The reality of Social Security and Medicare- My real life experience.
Link to comment from May 6, 2026
There is thing you can control, other you can just do what is best for you. Does not matter what you said is fact or complain, there will be no change.
Post: The reality of Social Security and Medicare- My real life experience.
Link to comment from May 5, 2026
One thing to add, if you are doing well, offer to fund your kids 401K Roth when the first start working would be a good way to build and teach them about important of retirement fundings.
Post: Investing Fundamentals: A Simple Guide for Beginners
Link to comment from April 27, 2026
I might be the odd one here. Both of my kids finished state university in Texas, we opened a Texas tomorrow funds for both when the younger was born, so both can attend state university free of tuitions and fees. They have also been admitted to top private universities in Texas. We paid everything else, living expenses, car, insurance and give them a credit card to spend anything they deem not excessive. We paid for oversee summer schools. If I have to do it again, I will not change anything.
Post: How much to provide a college student monthly?
Link to comment from April 27, 2026
Yes, they both work for financial/tech firm that offer backdoor Roth, we also cover the Income tax on the contribution. I figure if we continue to contribute until when each of them turn 40, they should be good for life. With the stock market in the last 10 years, the balance is significant for both.
Post: Helping Adult Children
Link to comment from February 8, 2026