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Reply to "Do you financially suppor your parents?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Not fully, but I help my mother pay for food, energy when oil prices are high, upkeep on the house, etc. Not married, so no spouse involved. I do have siblings and they prefer to ignore the fact that our mother survives on minimal SS. [/quote] I do something very similar. My sibling lives closer to my mother and also provides financial and physical support. My mother is terrible at long term planning and is completely clueless regarding finances. It sounds terrible, but I get very resentful when she needs support after watching her squander resources over her lifetime, never have a long term plan and expect that she will be someone else's responsibility. It makes me feel like a bad daughter to be so frustrated with her. [/quote] The feelings you expressed is 99% my story. My parents never have much thought to their retirement accounts and even with 401k my mom borrowed from it before her account matured fully so there was a tax penalty she was unaware of until it was too late. My sibling doesn't care and his wife acts like everything is fine on our end because her parents live with them and despite being illegal residents they refuse to return to their homeland. As the youngest I have always held the responsibility of helping my parents ends meet but now that I'm on the verge of marriage this task is getting harder to do. [/quote] This is me as well. My mother came from a very well to do family, but squandered everything and, despite plenty of help, would not work. Flat out refuses with the excuse "I wasn't raised to have a career like you. We weren't supposed to work." For a while I did help her regularly, but then I had my own family to care for. Even now she spends frivolously (to me anyhow). I finally had to stop, giving her a check at Xmas and her birthday alone. She lives now on her ex-DH's SS and a bit of money from a family business. I had to also put space between us because I can't listen to her talk about her financial woes anymore. [/quote]
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