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[quote=Anonymous][quote=Anonymous]That's a strange scenario and it sounds like they are terrible financial managers if they chose to fund your college and a house before their retirement. College is one thing but if they were in precarious financial shape I can't believe you accepted a house. I would certainly support them to the extent that the house has limited their retirement income going forward.[/quote]

I can tell you this happens ALL the time - how many times have you heard a parent say "gee whiz - its so expensive but we will make it work - Larla got into Bucknell" and then down the road they are like oh damn - I'm still recovering from dipping into our savings, or taking out loans or whatever, and  I'm going to be 75 before I retire.    It sucks to be you when your state school friends, or friends that saved properly, are all traveling and living the easy life and your kids are up and out while you slog into your seventies and wonder what was I thinking.   This exact situation happened to our neighbor (not Bucknell, but another expensive private).   The other option is hope that Larla went into finance and will bail you out - but I really wouldn't count on that from this generation.  [/quote]

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