You want to help your children. How much can you comfortably give?
Whether it's helping with a first home, paying for a wedding, or providing financial support, you want to give your children a head start.
- Compare gift amounts. Explore how much you may be comfortable giving in Wealth Coach.
- Consider your own future. See the potential impact on retirement, available cash, and other goals.
Create your initial financial profile in as little as 3–5 minutes.
- We do not sell your personal information unless you specifically request and authorize a connection with one of our partners.
- No full name, phone number, or home address required.
Your financial overview is free. Editing and simulations require an upgrade or an active trial that includes those features.
Example: Helping with a child’s down payment
Could you give more by giving later?
Both the gift amount and year change.
Scenario A$200,000 gift · 2039
Scenario B$300,000 gift · 2044
- Projected retirement age
- 6363
- College funding
- 82%122%
A larger, later gift keeps the same retirement projection while leaving more of the college goal funded.
College funding above 100% means projected resources exceed the stated funding goal. It is not a probability of success.
Explore how much you could give, and when it could fit your plan.
Illustrative projections for a sample household. Your results will depend on your circumstances and assumptions.
Helping your children can take many forms.
You may be considering:
- Helping with a down payment on a house
- Contributing toward a wedding
- Paying off student loans
- Providing ongoing financial support
- Helping with childcare expenses
- Giving money now instead of leaving it as an inheritance
Helping them shouldn't mean putting your own future at risk.
Wealth Coach helps you see how providing financial assistance could affect:
- Your retirement plans
- Your available cash
- Your ability to fund other goals
- Your long-term financial outlook
Explore different amounts and see how much you may be comfortable giving.
Explore other decisions
The same financial picture works for your next question, from a new home to a change in income.
Explore all financial decisions
We built the financial decision tool we couldn’t find.
Wealth Coach combines highly customizable financial scenarios with approximately 250,000 interconnected formulas to help you understand how one decision could affect your other financial goals.
Explore your options anytime, directly from your phone.
Help your children while protecting your own financial future.
See how much you may be able to give and understand the potential impact on your other financial goals.
Build your financial profile in 3–5 minutes.
Wealth Coach provides illustrative projections. Not financial advice.