Anonymous wrote:I care though I expect them to have their finances in order for day-to-day expenses considering how lavishly they spend now. What I want to do is buy a 7-8 bedroom house with an in-law suite of 2 bedrooms including so they can live in 'their' half of the house and me + my family in ours. That would be about 10 years from now.
But they don't need me - they have two homes of their own and seem fine otherwise.
And...when they are living in the one side of your house and suddenly begin to need a lot of help, you will forgo vacations with your spouse and kids, stop working, stop going out to concerts/plays/dinners...to stay at home and ensure your parents' safety, well being and care? Better hope you don't get sick...
So much of this looks better on paper than it does in reality. Your parents need to realize that if they have the means to provide for their old age and the mental ability to plan for it they NEED to do just that.