retirement and you find yourself in a situation whereby you are unable to support yourself? Maybe you have had a financial drain due to medical bills. Do you expect your children or younger family members to help you out of finanancial difficulty at a time when you have zero prospects of generating an income ever again? Would you even ask? What choices would you have?
2006-07-16 03:52:41 · 9 answers · asked by solisue 2 in Society & Culture ➔ Cultures & Groups ➔ Other - Cultures & Groups
If the unthinkable were to happen and every safeguard that I have carefully placed to avoid such things were to fail, I believe that my children would not hesitate in the slightest to bring me into their homes and care for me. They watched me do the same for older relatives in our family, and learned while I treated these people with respect and love - I have no doubt whatsoever that they would do the same for their mama. It wouldn't even be something they would have to think about.
2006-07-16 04:00:34 · answer #1 · answered by Crooks Gap 5 · 0⤊ 0⤋
As far as being a boomer....its a responsibility to your kids that you make yourself "self reliant" in the retirement years. Granted, one knows not what the future will bring health wise. I for one will / am making sure my children are educated well and have the ability to take care of their parents if the need arises. Its a two way street I think. We as parents put up with a lot of inconvenience and hardship bringing them up....time for pay back. One doesn't want to intentionally create this undue strees or hardship for a son or daughter but then again, it does come down to respect of ones parents. Personally, I didn't get the opportunity to take in either of my parents but would have in a "heartbeat".....and gratefully took along any inconvenience or hardship that went along with it. I'm not an old guy and don't wanna sound like the typical parent and run on lecturing but the young people lokely posing this question should be grateful they have their parents as long as they do. Granted, a lot depends on home life and personal situation.
2006-07-16 12:46:42 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Never, ever expect. Especially from kids. You would have taught them about the finer things in life, brought them up as the best they can be. You have done your duty. Just the way your parents have. So, the life goes on.
By adopting this attitude, your worries stop.
Expect? You are setting yourself for disppointment. Neither do they expect anything from you in your sunset years, nor should you expect anything from them. It is not that they don't love you but that's the way the things are. When they reach your age, they will ask the same questions as you do. I am sure your parents did. What was your answer to them at that time?
Do the best with the resources you have. Continue to love them for what they are. Spend your way and die broke. Calculate your finances to end by the time you end your time on earth. Precisely.
It is not being selfish, it is being practical.
There is a book "How to Die Broke". Read it. Google it, or go to your library to borrow. Now.
2006-07-16 04:06:44 · answer #3 · answered by Nightrider 7 · 0⤊ 0⤋
First of all, don't count on it. Second of all you really should take responsibility for the burden now, before they have to. My suggestion is that you get Term Life Insurance. The sooner you do it the lower the monthly cost. Social security and your 401K will probably be drained if you don't take care of your health now. By the way, no one ever became rich working for someone else. If you're really worried then start working on setting up a trust fund.
2006-07-16 04:00:46 · answer #4 · answered by rgamarra 2 · 0⤊ 0⤋
I've made responsible choices with my income and don't foresee that being a problem. If I run short of cash, I'll sell a rental property.
2006-07-16 03:56:32 · answer #5 · answered by Garth 6 · 0⤊ 0⤋
I'm gay...i assume my partner and I would help each other as much as we could..I keep hearing talk of gay resthomes...we're canadian so we don't need to worry about medical costs..right now we hope that we have enough $$$ to last another 25-30 years
2006-07-16 04:39:10 · answer #6 · answered by Anonymous · 0⤊ 0⤋
My parents are boomers that wont retire because they like working...dont know why
They are loaded, and i hope they remember me in their will.
If they needed to come live with me, they are welcome, im 34, and recently divorced so my house has plenty of space
2006-07-16 04:34:15 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Hopefully I will die before having to depend on my kids or anybody else
2006-07-16 04:33:42 · answer #8 · answered by Jim 2 · 0⤊ 0⤋
I sure hope my kids will help me, for help if they can. tell them what happen. the truth.
2006-07-16 03:56:17 · answer #9 · answered by Baby 6 · 0⤊ 0⤋