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Kiplinger
Kiplinger
Business
Maurie Backman

I'm Retired and Want to Give My 3 Grandkids $5,000 Each for Christmas, But Their Parents Don't Want Them to Spend It All.

Three children, probably siblings, lined up wearing Christmas sweaters and hats in front of a Christmas tree.

Question: I'm retired and comfortable and want to give each of my three grandkids $5,000 for Christmas, but their parents don't want them to blow it all. How should I handle this?

Answer: As rewarding as it can be to raise children of your own, take a survey of older Americans, and they'll probably agree that watching their grandchildren grow up is equally rewarding, if not more so. There's just something special about the relationship people have with their grandchildren.

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