<p>aglages said…>>>One additional caveat that is tied into our children graduating from college: Weddings
Both son and daughters are aware that our (parents) contribution to their weddings is tied to their graduating from college and making a living. The formula is simple: Graduate from college and we will pay 25% of you and your spouses combined previous years W-4 earnings…up to 50K. Don’t graduate from college? We will pay 1K per year beginning after high school until either you have your first child or reach 30. Whichever one of those happens first, you will receive what ever you have accrued as a one time gift.<<<</p>
<p>Nice twist. I’ll have to remember that one. Thanks.</p>
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<p>Well said. In our opinion, most of the liberal arts majors I previously listed are merely time sinks. In essence, the kid gets an extended 4 year reprieve in deciding what they want to do with their life. I think it is great that a lot, if not all, colleges mandate that you must decide on a major in your sophomore year. At least this helps kick-start the kids motor to some extent.</p>