If you are retiring, carefully consider that you no longer have steady employment income and every dollar you provide to your children means you will have one less for yourself in retirement. Providing occasional gifts and paying an occasional bill are one thing. Quite another is providing a steady stream of income if it will deplete your retirement savings. Have a frank discussion with your child. Make it clear that while you will provide the occasional financial help, you do not want to become a financial burden to your child in the future. No one wants to outlive their savings.