Parents with the financial means to assist adult children often wrestle with the decision. When you have the funds, it can be hard to say "no" and deny helping your child (no matter the child's age). But, is providing financial assistance always the best idea?
The fact is that parents who know their child is financially stable and responsible sleep much better than parents who don't.
If you have a child who hasn't demonstrated the financial strength to weather a storm, how do you know when to back away?
As a financial professional, I see the anguish parents have in this area as they attempt to successfully launch a child to full independence. The water gets muddied by the emotional bond between parent and child. Below is a series of questions that may help you gain clarity as you make these tough decisions.