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[quote=Anonymous][quote=Anonymous][b]If your parents paid for your expensive college and grad school & living expenses for you and bought you a starter home[/b], are you obligated to support them in their retirement? Would there be an expectation?[/quote]

If what you mentioned is the sole reason for why they would need money, then yes. However, there are too many scenarios out there of older parents needing money from their children because of messes they got themselves into. My maternal grandmother was a perfect example of this. She repeatedly made poor financial decisions against my mother's warnings, and despite my mother having warned her, still caved to her self-inflicted needs every time this happened. That won't be me.

If my parents have been making good financial decisions and still need financial help, I won't think twice about giving it to them. However, if one of my parents is about to make a costly decision as my grandmother did countless times, I'll say what my father repeated advised my mother so say:

"You do what you want, I can't stop you. But I'm telling you right now that you're on your own if you get into trouble."[/quote]

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