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Reply to "How much do you think kids should know about parents' finances (if anything)?"
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[quote=Anonymous][quote=Anonymous]What are you going to do if you find out they don't have enough money? Will you be in a position to supplement? Personally I would encourage them to work as long as they can -- especially your mother since you say she started late on saving. I don't know much, my parents consider themselves responsible for themselves so I don't dig much. My father wouldn't answer the question anyway so there's not much point asking.[/quote] OP here. Yes, hopefully my sister and I will be in a position to supplement down the line if needed. We also come from maybe a slightly different place than many on this board where its not totally out of the question to have parents live with us if necessary (we are in different cities now but would like to end up in the same metro area in the next 5-10 years). Having divorced parents in this respect is definitely hard, as they have spouses with kids who we also have to consider and they will not always live in our hometown (dad wants to move south, mom will be closer to us)- so many logistics that I can see being a nightmare down the line for visiting, etc! I want to tread any conversation with love and care though- these are not elderly infirm people who I need to "take over" for, and I understand there is a pride issue at play a bit here possibly.[/quote]
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