In a recent feature with Kiplinger, Brett Bernstein, CEO and Co-Founder of XML Financial Group, weighed in on a growing dilemma: how grandparents can support a grandchild’s rising college costs without putting their own financial future at risk.

The scenario is increasingly common. With top universities now exceeding $90,000 per year and average student debt nearing $40,000, families are feeling the pressure to step in.

But as Bernstein emphasizes, generosity should never come at the expense of long-term security.

Key Takeaways from the Article:

Helping family starts with clarity, not commitment. As highlighted in the Kiplinger article, the first priority is building a financial plan to determine what you can realistically afford without jeopardizing your retirement, because even substantial assets must account for risks like healthcare, longevity, and market uncertainty. Once that baseline is established, the decision shifts from obligation to intention: understanding what you can give versus what you choose to give allows for more confident, values-driven support that aligns with long-term goals rather than external pressure.

From there, thoughtful structure becomes essential. Financial support should be handled strategically to avoid unintended consequences; whether that means documenting gifts, maintaining fairness across heirs, or choosing tax-efficient methods like paying tuition directly to a school. Ultimately, the core message is simple. Generosity should never come at the cost of your own financial security. With the right planning and communication, it’s possible to support the next generation while preserving both your financial well-being and family harmony.

Check out the full article to read more. 

Have questions about how these insights and ideas could impact your personalized wealth management strategy? Let’s talk.

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