The Financial Freedom of Getting Kids Off The Books!

Many Irish parents in their fifties are still financially supporting adult children—and it's quietly delaying their retirement goals. Key takeaways: • Each adult child can cost around €15k–€20k per year in ongoing support—rent, car, health cover, and general expenses. • Those costs directly reduce pension contributions and long-term savings, sometimes delaying retirement by years. • Using tools like the McClements Scale shows how each extra person in the home adds significant cost pressure. • Setting clear timelines, gradually stepping back support, and redirecting funds into pensions can rebuild financial freedom fast. When kids finally stand on their own two feet, your savings—and sanity—get a big lift! I hope it helps!

You can listen to The Financial Freedom of Getting Kids Off The Books! online on Radio and Podcast. Open the player on this page to stream the available audio.

The Financial Freedom of Getting Kids Off The Books! is an episode from Informed Decisions Financial Planning & Money Podcast by Paddy Delaney.

This episode is 26:19 long.

This episode was published on Nov 17, 2025.

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