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[quote=Anonymous][quote=Anonymous]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?[/b] Would there be an expectation?[/quote]

If my parents were in retirement because they were unable to work, for either physical or legal reasons, and their being unemployed was causing them to need financial help, I would definitely help them. If my parents were working and, for whatever reason, still needed financial help, again, I would help them without question. If, however, they are able to work but have [i]chosen[/i] to retire, and their being unemployed was causing them to need financial help, then no way. Instead, I would give my parents a very good piece of advice that would help solve their financial problems:

"Go back to work."

Retirement shouldn't be a given. If you want there to be a point in your life where all your days are filled with nothing but fun and relaxation, you have to earn it on your own, and not expect other people to make sacrifices to let you have that kind of luxury. Fortunately, neither of my parents' professions force retirement by a certain age, nor does the area they live in have a forced retirement law. They still may be forced to retire for physical reasons, in which case, I'll be happy to give them whatever help I can. If, however, they just want to retire so they can lounge at home and watch tv all day, go on more vacations, etc., they'll have to make that happen on their own. [/quote]

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