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Merrill Lynch study: “79% of parents risk falling short during their golden years because they give too generously to their grown kids… The solution? Treat your grown kids to the occasional dinner, and slip a little money into your grandkids’ college funds here and there if it helps put your own children at ease. But don’t help pay your kids’ living expenses if you need that money to boost your long-term savings. Taking your own needs into account doesn’t make you a bad parent; it just makes you a responsible adult who doesn’t want to take chances with his or her golden years.”