Reply to What are (or were) your parents' net worths?

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[quote=Anonymous][quote=Anonymous]My parents have zero savings. They own a property and a house that is mortgage free. They save up for new cars but they live month to month off my father's fairly meager pension. They are on a pretty fixed income but very good at living within their means. This does limit what they can do and is a little sad as it keeps them at home a lot of the time as they don't have the money to travel or do fun things. Its a bit of a boring retirement.

They will leave us the house / property when they die. I want them to sell it now and live off the money as it would give them a much better quality of life but they refuse to do so, saying it is all they have to leave us. As my siblings and myself are all in much better financial positions than they are, I feel differently! I would rather see them enjoying life as I don't need their money. [/quote]

You and your siblings can give them anniversary and birthday trips, either local resorts or bigger trips if they’re interested in that.  There’s a lot you can do to make their retirement enjoyable.   Make sure everyone visits.  You’d be surprised how many retirees don’t mind staying close to home.  [/quote]

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