share

informed decisions blog

The Financial Freedom of Getting Kids Off The Books

November 17, 2025

Paddy Delaney

In this week's podcast...

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!

Disclaimer

The content of this site including blogs and podcasts is for information purposes only. Everybody’s financial situation is different and the content we share on our site and through podcasts may not be applicable to you. 

The articles, blogs and podcasts are not investment advice. They do not take account of your individual circumstances, including your knowledge and experience and attitude to risk. Informed Decisions can’t be held responsible for the consequences if you pursue a course of action based on the information we share

You may also like...

1 Year Before Retirement in Ireland? 5 Doors That Close
September 28, 2026

1 Year Before Retirement in Ireland? 5 Doors That Close

find out more
The Trust Problem in Irish Financial Advice
September 21, 2026

The Trust Problem in Irish Financial Advice

find out more
The 1.5% Prize Bond Rate, and What Irish Holders Really Get
September 14, 2026

The 1.5% Prize Bond Rate, and What Irish Holders Really Get

find out more

Not sure if your pension will be enough?

Informed Decisions are one of Ireland's only remaining independent financial advice firms. Our free retirement calculator models your income, tax, and lifestyle goals — in 10 minutes.

Irish Tax Modelling • All Income Sources • Personalised Results

Find out where you stand today...

Try the Calculator