‘I stand to lose £800k on my house. How can I provide for my grandchildren?’

I want MORE grandchildren!!

I am white and in my 60s. I have 4 children; 2 from my first marriage to white Viet Nam vet and 2 from my current marriage, to a brown man from the subcontinent. My oldest child is 41 and my youngest is 30. All my children are in long term, stable...

‘I stand to lose £800k on my house. How can I provide for my grandchildren?’

Money Makeover: our reader wants to know how he can best support his family in retirement

Give Now, Not Later

A few months ago I tweeted the following that started a debate on Twitter: If you are going to help your children financially, it's far better to do it when they are younger, not older. Most people would prefer an extra $100,000 in their 30s over an extra $400,000 in their 50s. My thinking has evolved on this over the years especially after reading Die with Zero by Bill Perkins. Perkins argues that too many people end up providing an inheritance…