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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think your 30 year old child will be more crushed when you announce that you have to live with him/her for the next 30 years.  Kids are resilient.  Put that money into your retirement/debt paydown.[/quote]

Don't assume.

My mother is 58 as well and she has nothing AND no job prospects because she was a SAHM and got royally screwed in her divorce. My husband and I purchased our home with an in-law suite just for future use by my mom since she does not have a plan.

Family is very high on my list of priorities and I do not see my mom as a burden. She wiped my ass for 18 years and sacrificed everything for her children.  The least I can do is make sure she is taken care of.  The OP is in a much better situation than my mom, since she can produce income..however in a way she is worse off than my mom because she had kids later in life. By the time my mom might need to live with me, I'll be in my 50s with kids done with college and she will be in her 70s.

Not all of us view our parents as burdensome-my mom is more important to met than having enough disposable income to buy beach house.  There are others out there like me who would walk across hot coals for their parents and not think a thing of it.  My husband is of the same mindset, but luckily his parents are retired military and the public gets to foot their bills.[/quote]

You are, simply, awesome.  [/quote]

PP -- Family is on high on a the list of priorites of a lot of people.
But there is  a difference between having an emotional connection and having the financial resources to take care of someone.
BIG DIFFERENCE!
You are fortunate that you have the ability to take care of your parent...not everyone is in that position.
So the smart thing for O.P. would be to start saving and planning now...because who knows...maybe his now teen -- will not be a position later in life to help his father out -- EVEN IF THAT IS WHAT HE WANTS TO DO.
Understand the difference/[/quote]Why is it that it's only AMERICANS who are so self-absorbed and so in love with money that they would be a $ amount on what it would take to assist a parent(s).  Almost every other country strongly considers elderly parents a continued extension of the family .  I give less than a damn if I had little money, and my parents had none.  Before I would see my parents starve or homeless, I would let them move in with me whether I had an apartment or a house or a shack.

Their sacrifice has been too great.  It doesn't matter whether one has become a CEO or a bricklayer.[/quote]

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