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[quote=Anonymous][quote=Anonymous]My dad is near 70 and has done little to save for his retirement   He has always made a very good salary, but fully spends it on "toys" - new new boat, luxury car, $2 million house that they are underwater on etc.  He is very healthy and is working full time at his successful medical practice.

He started an Executive MBA program in January and I can't stop thinking about how stupid this is.  He is clearly enjoying the classes, but it is so much money.  ($100K) He has always had a bit of a God complex and I think this is his latest effort to prove that he has decades left to live.

He might and I hope he does, but there is also my mom's well being to consider.  But he can't work forever and just seems insane to drop $100K on a degree at age 70 when you have virtually no retirement funds.  My mother is just along for the ride and has never put her foot down as she was a SAHM and has never worked.

This man did not pay for the college education of his children for what it's worth.  I turned out fine , but my brothers have really struggled. [b] I am worried I will end up needing to support one or both of them in some capacity . 
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There is no legal obligation for you to care for them, but there is a moral one. I would talk to both of them and see what their plan is in the event he dies and your mother is alive. Ask specifically how she will be provided for.

If they owe more on their "toys" than it's worth, you aren't going to see any profits from the sale of those items. My MIL's boyfriend is in this situation. She left money for him but he blew it. He also gets 100K per year with pensions, s.s.. Yet he's in more debt than we are and we are living only on DH's income. Not our problem.

Your mother might be woefully ignorant or perhaps there is life insurance or something you don't know about. Regardless, you can ask. They don't have to answer.

The problem you describe is what happens when a woman relies on a man to take care of her. (I am curious if they are conservatives Christian/Republican).

By the way, your parents were not obligated to pay for any of your college tuition. If you wanted it badly enough, you get good grades so you can get good scholarships, work and take out school loans.

That's what this immigrant did. I'm the first to graduate with a college degree in my family. I did it through hard work and with the help of my parents (They paid for my books and allowed me to live at home, so I didn't have those expenses.)

My DH's uncle was a doctor. And they were very wealthy. Got everything handed to them through college. I think 1 of 6 of those children are successful. 2 of them are living at home, one committed suicide and I don't know about the rest. They are all in their 50s and 60s. 
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