Every parent wants to see their kids succeed in life, and for many, that means offering financial support along the way. From college tuition to wedding expenses to helping with a down payment on a first home, it’s easy to open your wallet in the name of love. But while generosity is a beautiful quality, it can also come with a hidden cost: your own financial security.
Many retirees find themselves struggling to make ends meet because they gave too much to their children during their working years. Here are seven shocking ways helping your kids can leave you broke in retirement — and how to avoid falling into the same trap.
