Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
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What If Family Members Want Too Much from Retirees?
Retirees face many financial pressures, but one can hit especially close to home: family members who want too much money from their aging parents.
Read the rest of the story. |
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#2
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I get the gist of what the article wishes to emphasis and essentially agree to a point. However it depends on the surrounding circumstances.
There are ways to assist children in need and deal effectively and legally with the tax issues. Seniors can and do pass along funds by way of charitable gifts on an annual basis. Advancing inheritance in this manner transfers needed funds to children in their time of need. |
#3
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Florida SKI vacation
spending kids inheritance..
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#4
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I would love to know how many of us reading this post asked OUR aging parents for money.
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#5
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Quote:
The well to do particularly face a conundrum; they are dam*ed if they do and dam*d if they don't.
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"No one is more hated than he who speaks the truth." Plato “To argue with a person who has renounced the use of reason is like administering medicine to the dead.” Thomas Paine Last edited by manaboutown; 09-17-2015 at 02:52 PM. |
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As a friend told their kids, if, when we pass, there is any money left.....we screwed up.
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No one believes the truth when the lie is more interesting Berks County Pennsylvania |
#7
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If you have "more than enough", then gifting your children money to help with their education makes sense to me. What could you spend your money on that is more important? I've yet to see a Brinks truck following a hearst to the cemetery.
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Most people are as happy as they make up their mind to be. Abraham Lincoln |
#8
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Quote:
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#9
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Quote:
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"No one is more hated than he who speaks the truth." Plato “To argue with a person who has renounced the use of reason is like administering medicine to the dead.” Thomas Paine |
#10
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Justjim....what is "more than enough"? So many kids now spend their $$ on wants rather than needs. If the last check I write doesn't bounce, I miscalculated. If you feel you have to "buy" your kids now what makes you think they will take care of you later? They will find you an affordable nursing home and be too busy to visit. My mother is in assisted living and during the 3 to 4 days a week I visit, I see very few other visitors----sad! I NEVER asked for $$.....I did without!!
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#11
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As an adult, I never asked my parents for money. I was taught to save for college at a very, very young age. So saving has been instilled in me. In fact, I bought my aging mother a freezer, etc. In my eyes it is the children's job to take care of the aging parents. Now my husband has the opposite situation. Adult son who at one time was asking for money every other week. My husband finally realized he would have no money left if he kept giving to him (plus it didn't teach the adult son to be responsible). We have a neighbor who has an adult kid who always wants money, too. Yet blows money on things he doesn't need. Kids today buy whatever they want and worry about paying for it later. I was taught to do without. Only buy it if you have the extra money for it.
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#12
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Both our kids are six figure earners and haven't asked us for money in twenty years. If they ever did, I would tell them to sell some of the expensive stuff they spoil their own kids with.
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I was trying to figure out what is worse, ignorance or apathy. I concluded that I don't know and don't care. The days are long...... the years are short. |
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My aging parents never had any money to give. In fact we used to supply them with some needed income. Also My children make more in wages than I ever did. So if there is a need it is due to mismanagement and poor planing. There is no way at our age we can afford to make up for their mistakes.
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