You may want to give money to your kids to help them buy a starter home or pay off debt but can you afford it and is it a good idea?
The good news is this is something that can be measured so make sure you incorporate any lump sum expenditures into your long-term financial plan to make sure your not putting your own retirement at risk down the line.
Consider paying for family vacations that your kids may not otherwise be able to afford. You get to enjoy giving the gift and the quality time spent together. I tend to recommend being cautious with gifts in your 60’s and 70’s and ramp up later in life when you are more sure you won’t need it to pay the bills.