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Reply to "S/O Elder care for parents who didn't provide child care"
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[quote=Anonymous]I don't care to weigh in on op's personal situation except to say that it seems the issue is more of a personal one than financial. But I would like to point out that the intense focus of planning for one's own retirement is a pretty new phenomenon in this country and a lot of the boomers have been caught with their financial pants down by the new fiscal reality. This is not to say that no boomers ever have been financially responsible, but those that have- you might want to consider if they have been the benefactors of the old system. My in-laws for example are very well prepared. My MIL stayed home and FIL managed a factory for his whole life. They worked hard (both of them!) and are still collecting 80% of his salary in pension (!!!). My parents, not so much, despite also working very hard. We would care for either set of parents in their old age, but we have generally positive relationships, so I understand Op's case to be different. [/quote]
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