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[quote=Anonymous]My parents paid for my undergrad with the help of grants and student loans (mine not theirs). They did not pay for grad school, house, or living expenses. At the time they paid for my college, they were doing well financially (solidly MC). About 10 years after I had graduated and my siblings and I were married and out of the house, my father made terrible investment decisions as well as squandered his nest egg on another woman. My mother was smart enough to keep her own money unentangled so she is fine, but my father lost everything. He had a stroke and I had to get him on Medicaid so that he could stay in a long term care facility. He hates it there but he has no money for another option. I don’t feel like I owe him anything for his bad choices. I have to pay for my own kids’ college and save for my own retirement so that my kids (or the government) don’t have to support me.[/quote]
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