What If Family Members Want Too Much from Retirees?

What If Family Members Want Too Much from Retirees?

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What If Family Members Want Too Much from Retirees?
  #1  
Old 09-16-2015, 10:44 PM
Certified Financial Group Certified Financial Group is offline
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Default 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.

  #2  
Old 09-17-2015, 06:12 AM
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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.
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Old 09-17-2015, 07:06 AM
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spending kids inheritance..
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Old 09-17-2015, 07:36 AM
stevebotts stevebotts is offline
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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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Old 09-17-2015, 02:43 PM
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Originally Posted by stevebotts View Post
I would love to know how many of us reading this post asked OUR aging parents for money.
I ended up gifting my parents money but many of today's young adults seem to have an unwarranted sense of entitlement that the world owes them a fine lifestyle even if they choose not to work for it. What truly disgusts me is that I see demands for money "or you won't see the grandchildren" or other threats from some of the adult children among several families I know well.

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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Last edited by manaboutown; 09-17-2015 at 02:52 PM.
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Old 09-17-2015, 03:58 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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Old 09-17-2015, 06:38 PM
justjim justjim is offline
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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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Old 09-17-2015, 07:27 PM
JGVillages JGVillages is offline
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Quote:
Originally Posted by manaboutown View Post
I ended up gifting my parents money but many of today's young adults seem to have an unwarranted sense of entitlement that the world owes them a fine lifestyle even if they choose not to work for it. What truly disgusts me is that I see demands for money "or you won't see the grandchildren" or other threats from some of the adult children among several families I know well.

The well to do particularly face a conundrum; they are dam*ed if they do and dam*d if they don't.
If the children feel entitled or unreasonably demanding they probably raised to expect this when they leave the nest. If correct values are instilled as they mature the chances them aquiring this entitlement mentatlity should be minimal. Unfortunately our current government's attitude is to promote an entitlement attitude, which make the child rearing process that much more difficult.
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Old 09-17-2015, 10:16 PM
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Originally Posted by JGVillages View Post
If the children feel entitled or unreasonably demanding they probably raised to expect this when they leave the nest. If correct values are instilled as they mature the chances them aquiring this entitlement mentatlity should be minimal. Unfortunately our current government's attitude is to promote an entitlement attitude, which make the child rearing process that much more difficult.
The adult children I had in mind when I posted above were certainly raised well and provided with excellent role models, work ethics and morals. They simply turned out to be bad seed, got into some form of substance abuse and/or are just lazy and shiftless.
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  #10  
Old 09-18-2015, 08:34 AM
Happy Snowbird Happy Snowbird is offline
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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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