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Reply to "Parents expecting kids to be their retirement? "
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[quote=Anonymous][quote=Anonymous]My spouse and I are saving so that we can pay for a possibly long retirement, since you can’t know how long you’ll need to be supporting yourself after working days. I can’t imagine expecting our kids to support us- they’ll need to be saving to fund their future retirements. My spouse and I both come from families where our parents were highly responsible and saved enough to pay for nice, but not luxurious, retirements. [/quote] +1 Although neither of my parents, now divorced, saved well for retirement. My mom was lucky and inherited a good bit of money, and my dad scrapes by. We're not supporting our parents in retirement, and we sure as hell don't expect our kids to support us, barring some kind of catastrophe. Essentially, we're not passing the buck of our parents not saving enough onto our children. [/quote]
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