Reimbursement

[Anonymous]

Anonymous wrote:That's a strange scenario and it sounds like they are terrible financial managers if they chose to fund your college and a house before their retirement. College is one thing but if they were in precarious financial shape I can't believe you accepted a house. I would certainly support them to the extent that the house has limited their retirement income going forward.

+1 This scenario makes no sense.

[Anonymous]

Legally, no. Morally, yes. Especially if you achieved because they sacrificed for you. Maybe I’d feel differently if the parents had such ample resources that financing those pursuits wasn’t a big deal to them, but in that case they likely don’t need financial help now either.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Obligated? No.

Are you a crappy kid if you have the means to but don’t? Yes.

+1

Alternatively--in America no, because your own needs always come first. In Asia, Africa and Latin America, yes, of course you take care of them.

[Anonymous]

Anonymous wrote:

Anonymous wrote:That's a strange scenario and it sounds like they are terrible financial managers if they chose to fund your college and a house before their retirement. College is one thing but if they were in precarious financial shape I can't believe you accepted a house. I would certainly support them to the extent that the house has limited their retirement income going forward.

+1 This scenario makes no sense.

I am so tired of people saying "you can borrow for college but not for retirement" as though it's a brand-new insight, but I guess for some people it is

[Anonymous]

No I don’t expect my kids to reimburse me. I chose to pay and I influenced their options by what I was willing to pay. If I expected reimbursement then I would have set it up as a loan.

[Anonymous]

Obviously no parent wants reimbursement if they can help it, its only about if they have no other option then the person who benefited would offer help on their own accord.

[Anonymous]

The word choice "obligated" is problematic for me. If your parents did that much for you to thrive, it should be your honor and privilege to support them in the sunset of their lives. What a bizarre question.

[Anonymous]

Parents make their choices. Kids make their own choices. Some choices are rooted in love and other stem from sense of obligation. If anyone else paid for your education, living and housing after you are 18, you'll feel indebted and try to reciprocate in some way, same sentiment may apply here but reimbursement isn't expected or required.

[Anonymous]

Anonymous wrote:Obligated? No.

Are you a crappy kid if you have the means to but don’t? Yes.

+1

We likely will need to contribute to supporting my mom if my dad (and his pension) dies first. I would be more than happy to do it.

[Anonymous]

It boggles my mind that more people are willing to support random Gofundme things or dog vet than their own parents.

[Anonymous]

Since my parents didn't do any of that I guess I'm unburdened from worrying about it.

[Anonymous]

I’d bet OP is asking about a relative.

[Anonymous]

Yes, provided that my parent(s) is/are still under 72 when and if they need that kind of support. However, if one lives to the age of 72, the mere fact that they're alive should be good enough for them, as most people that age aren't even alive, let alone living luxurious lives. However, if they need anything from me between now and each of their 72nd birthdays, no questions asked; I'm there for them.

[Anonymous]

Anonymous wrote:Yes, provided that my parent(s) is/are still under 72 when and if they need that kind of support. However, if one lives to the age of 72, the mere fact that they're alive should be good enough for them, as most people that age aren't even alive, let alone living luxurious lives. However, if they need anything from me between now and each of their 72nd birthdays, no questions asked; I'm there for them.

Lol @ “should be good enough for them”

Aren’t you the caring one?!?!

[Anonymous]

Anonymous wrote:

Anonymous wrote:Yes, provided that my parent(s) is/are still under 72 when and if they need that kind of support. However, if one lives to the age of 72, the mere fact that they're alive should be good enough for them, as most people that age aren't even alive, let alone living luxurious lives. However, if they need anything from me between now and each of their 72nd birthdays, no questions asked; I'm there for them.

Lol @ “should be good enough for them”

Aren’t you the caring one?!?!

PP. FWIW, I myself don't plan on living to 72.