Reply to Reimbursement

Forum Index » Adult Children

Reply to "Reimbursement "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]With normal, kind parents sure. With selfish parents who didn’t save at all? No. They are literally taking dollars away from their grandkids. I believe money should flow downhill. [/quote]

How can the parents be that selfish if they funded a kids college education and graduate school and bought a starter house -That's generous

I think it really depends on the family view of money.  I think some families have the view that family helps each other out.   Like my parents would loan me money over my getting a private loan because it doesn't make sense to pay interest to some company versus keeping the money in the family.  I can totally see parents sacrificing retirement to help their kids with college and expecting reciprocity.  Would you rather the parents didn't help at all with college.  How much extra wealth do you have because of your parents support and not having to take out private loans?  etc.

Of course it's can be a very bad deal for parents because earning potential of kids may be lower than expected and kids may not be in a position to help parents and b) kids are not obligated to help parents so with an informal agreement (like my parents had with may) may get screwed.

As a parent I do prioritize my retirement savings over college savings though - because at the end of the day there are more options for college loans and I never want to be a burden to my daughter. But I do worry I won't be able to help her with college the way my parents helped me.  But I will definitely do all I can to help her.  
 [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics