Extended Child Care
Don and Tom dive into the emotional, financial, and practical realities of supporting adult children. From layoffs to loans, down payments to dog surprises, this episode tackles the growing trend of parents funding their 20- and 30-something offspring—and how to do it without wrecking your retirement. Plus, listener questions about gifting stock, promissory note scams, and why shady annuity sellers keep showing up on the airwaves.
0:04 Supporting adult kids: from the dole to down payments
1:06 Don’s daughter gets laid off—real talk about parental guilt
2:08 60% of parents are still helping adult children financially
2:46 Planning now for future adult expenses?
3:37 The line between support and enablement
5:03 When generosity jeopardizes retirement
6:33 Motivation vs. misfortune: the “why” behind financial need
7:38 Don’s father-in-law’s estate spreadsheet strategy
9:13 Should help be a loan, a gift, or a teachable moment?
10:16 Schwab’s real-life financial literacy simulation
11:08 What kids really need to learn about money
12:03 It’s not about being rich—it’s about avoiding poor
13:23 How to send questions and get free portfolio help
13:48 Listener Q: Gifting $120K in stock—IRS concerns?
16:23 Listener Q: 9% return, 2-year lock-up—red flag alert
18:25 Why too-good-to-be-true funds keep getting airtime
19:56 Listener Q: Why do radio stations run annuity ads?
21:21 Because… money. And ignorance.
22:42 The rise of law firms suing annuity peddlers
23:44 Why our free advice model works—and proves itself