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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I will always take care of my parents-period.

If I have the money it is theirs. If they have to live with me-fine. I don't even like my mother but that doesn't erase my obligation to care for her should she need it.

That is what life is about. If you are able to care for the aging then you do it. [b]It shouldn't come as a surprise, you should expect it from the start. [/b]If they don't end up needing the help then great.[/quote]

Are you forgoing retirement planning and savings, because you expect your children to support you?

[/quote]

I have different mindset than you. My retirement plan is to be debt free, in a paid off house that is suitable for someone who is aging. My retirement plan is to always have a source of income no matter what my stage of health- in the form of royalties and other business income. My retirement plan assumes that by the time I retire...should I choose to, these things called 401ks will not exist nor will SS the way we think of it today.

And my parenting plan includes raising children who have a sense of honor and dignity. If we end up in a tough spot then it shouldn't be a big shock or a burden to make you angry. Your parents take care of you, you take care of your parents. I will never turn my nose up at my parents and I can only hope I can raise kids who feel the same.

Do what works for you.[/quote]

Are you Asian, pp?  (I am, too, btw. )[/quote]

No I am not, but I am a superior mother.  :)

[/quote]

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