- Giving money to your grandchild could help them out significantly if done right.
- But if those gifts are impacting your own financial well-being, draining your retirement account, or putting you in a tight situation, you might be giving them too much.
- While your grandchildren might really appreciate the gift, it's important to remember that protecting your financial health in retirement is just as important.
- Read more personal finance coverage.
Just about everyone wants to spoil their grandchildren. But how do you know if you've gone too far?
Financial planner John Pak of Otium Advisory Group in Los Angeles, California, shared several signs you're probably giving your grandchildren too much money, below.